Spice Route Legal
INTRODUCTION Over the last few years, the Reserve Bank of India’s (“RBI”) approach to lender regulation has moved steadily from broad fair-practices principles to a more prescriptive borrower-protection framework to prevent predatory and unfair conduct towards borrowers. This shift is visible across the Digital Lending Guidelines, the Key Fact Statement framework, Fair Practices Code, restrictions… Continue reading RBI’s Proposed Responsible Business Conduct revisions: Recovery Practices and Device-locking in Mobile Financing Products
Spice Route Legal is pleased to announce the promotion of Janhavi Joshi to Counsel with the firm’s Energy, Sustainability, and Mobility Practice. Janhavi is a key member of the firm’s Energy practice and advises global and domestic clients on a wide range of corporate and commercial transactions within the energy, sustainability, and mobility sectors. Her… Continue reading Our Energy, Sustainability, and Mobility Practice has a new Counsel!
Spice Route Legal is pleased to promote Ajeeth Srinivas, Swastik Sharma, and Vishnu Naduvakkad to Senior Associate, in recognition of their significant contributions to the firm and continued growth within their respective practice areas. Ajeeth is a member of the firm’s Privacy, Data Protection, and Cybersecurity practice where he advises leading global and domestic clients… Continue reading New Data and Fintech Senior Associates!
INTRODUCTION On 6 April 2026, the Insurance Regulatory and Development Authority (“IRDAI”) issued Information and Cyber Security Guidelines, 2026 (“Guidelines”) replacing the erstwhile 2023 framework. The Guidelines are applicable to all insurers (including foreign re-insurance branches) and insurance intermediaries (“Regulated Entities”). The Guidelines are a direct regulatory reaction to a recent series of high-profile data… Continue reading Beyond Compliance: Insights from the IRDAI Cybersecurity Guidelines
Spice Route Legal is pleased to have advised Siddhi Diagnostics & Research Centre (SDRC), a well-established radiology and diagnostics company based in Maharashtra, on its acquisition by MedGenome Labs Ltd., a leading private equity-backed diagnostics platform in India. The transaction brings together MedGenome’s advanced genomics and multi-omics capabilities with SDRC’s three decades of expertise in… Continue reading Spice Route Legal Advises SDRC on its Acquisition by MedGenome Labs
Spice Route Legal is pleased to have advised Star Hospitals on the sale of a majority stake to KKR-backed Baby Memorial Hospital. This transaction represents a significant milestone in the ongoing consolidation of India’s healthcare delivery ecosystem, while materially strengthening Baby Memorial Hospital’s strategic footprint in southern India, making it the largest acquisition deal in… Continue reading Spice Route Legal Advises Star Hospital on its Control Sale to KKR-backed Baby Memorial Hospital
Spice Route Legal is pleased to have advised Bengaluru-based MULTILINK and its promoters on the strategic acquisition of the entity by Bain Capital-backed Dhoot Transmission Group, by way of slump sale. MULTILINK is a leading manufacturer and supplier of electrical and electronic products for two-wheeler and three-wheeler Original Equipment Manufacturers (OEMs), with a diversified portfolio… Continue reading Spice Route Legal Advises MULTILINK on Acquisition by Bain Capital-backed Dhoot Transmission
Introduction On 22 April 2026, the Reserve Bank of India (“RBI“) released a Draft Master Direction on Prepaid Payment Instruments (“Draft Directions“), open for comments until 22 May 2026. The Draft Directions, if implemented, will repeal the Reserve Bank of India Master Directions on Prepaid Payment Instruments, 2021 (“Master Directions“). This article summarises the key… Continue reading RBI’s Draft PPI Directions: Rewiring India’s Digital Wallets Playbook
INTRODUCTION In August 2025, the Promotion and Regulation of Online Gaming Act, 2025 (“Act”) took the Indian gaming industry by surprise by outlawing all “online money games”, regardless of whether such games were games of skill or chance (more background to the Act here). On 22 April 2026, the government issued several notifications to lay… Continue reading Game on, Regulated: Key Developments for Online Gaming in India
Spice Route Legal is pleased to welcome Satyam Rathore as a Senior Associate in its Disputes practice, with a focus on intellectual property, technology, and data-related matters. Satyam brings over eight years of experience advising on complex, high-stakes intellectual property litigation and enforcement mandates for a diverse portfolio of global and Indian clients. His disputes… Continue reading Spice Route Legal welcomes Satyam Rathore to its Disputes Practice
