Leena Chacko

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Partner at the Mumbai Office of Cyril Amarchand Mangaldas. Leena has extensive experience in general corporate and financing transactions, including acquisitions, structured finance and securitization transactions. She can be reached at leena.chacko@cyrilshroff.com

 

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On November 15, 2016, the Supreme Court delivered an important judgment in IDBI Trusteeship Services Limited v. Hubtown Ltd[1], a case involving investment in India by a foreign investor. While the main thrust of the judgment was on circumstances under which a defendant may be granted leave to defend in a suit for summary judgment, the observations of the court in the context of the structure in consideration provides important indicators as to…