By Shriram Subramaniam

In India’s dynamic corporate landscape, mergers, demergers, acquisitions, schemes of arrangement, de-listings, and bankruptcies are critical levers for growth, efficiency, and stakeholder value creation. While the process-board approval, shareholder and debt holder consents, and regulatory clearances-appears straightforward, the reality is often far more complex, with regulatory delays posing significant risks to transaction values and business certainty.

Timeliness is not just a procedural concern; it is central to the success of corporate transactions. Delays can erode shareholder value, create uncertainty for employees and business partners, and result in missed opportunities. Asset quality deterioration has been a concern in Insolvency and Bankruptcy Code (IBC) cases. In mergers and acquisitions, the business environment changes and stock prices move rapidly. Protracted regulatory approval processes can undermine the very benefits these transactions are designed to deliver.

There are some key authorities in the regulatory landscape which should be considered before moving forward. First, Reserve Bank of India (RBI) approval is crucial for transactions with cross-border elements, foreign investment, or those involving banks and non-banking financial companies. Its oversight........

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