INFORM: Infrastructure, Projects & Finance – June 2025

In our latest edition, we have shared the trends shaping the infrastructure landscape, key developments in projects, and finance, with certain case laws highlighting the judicial perspective.

Case laws:

• Delay Beyond 45 Days in IBC Appeals Barred by Statute
• Supreme Court Sets Aside JSW Steel’s Resolution Plan for BPSL: Emphasizes Strict Compliance with IBC Timelines and Statutory Duties
• Compliance Officers Not Liable for Board-Approved Financial Misstatements Absent Clear Evidence of Involvement
• Right to Compensation Survives Land Acquisition Closure
• Forfeiture Follows Default, Equity Can’t Rewrite SARFAESI Rules
• Arbitration Mandatory Under Section 11 of SARFAESI Act for Inter-Creditor Disputes Involving Secured Assets

Notifications/circulars:

• Mandatory Scrutiny of Bid Documents and Legal Submissions of State Executed NH Works
• Additional Performance Security for Abnormally Low Bids
• New Milestone Framework for National Highway Projects
• SEBI’s Enhanced Disclosure Regime for REITs and InvITs
• IBBI Rolls Out Revised CIRP Forms to Simplify and Digitize Compliance
• New Framework for Insolvency Professional Panels
• IBBI’s Fourth Amendment Regulations, 2025 Bolster Transparency, Creditor Rights, and Flexibility

Quick Reads:

• Encroaching Trouble: Legal and Safety Risks along the Kiratpur-Manali Highway
• Concerns Mount Over Mansa Devi Ropeway Tender Amid Push for Modernization
• Indian Railways Embraces Global Best Practices and EPC Model for Comprehensive Overhaul
• Building the Backbone: India’s Ambitious Highway Transformation Plan
• Maharashtra Launches PPP Policy to Modernise ITIs into Global Skill Hubs