GP's financial services practice covers the complete spectrum — banking regulation and RBI compliance for scheduled commercial banks, cooperative banks, and NBFCs; capital markets compliance and SEBI enforcement defence for listed companies, brokers, and fund managers; insurance regulatory advice; payment systems and fintech regulation; IBC proceedings for financial creditors and corporate debtors; and the criminal defence of directors and officers facing SEBI, ED, or SFIO investigations arising from financial sector failures.
RBI licensing, prompt corrective action responses, regulatory submissions, supervisory inspection responses, FEMA compliance for banking transactions, and the management of RBI enforcement actions against scheduled commercial banks, cooperative banks, and NBFCs. GP advises on the full range of banking regulatory matters — from routine compliance to crisis management when the RBI intervenes.
SEBI show cause notices, adjudication proceedings, SAT appeals, and SEBI debarment challenges for listed companies, promoters, investment advisers, and market intermediaries. GP also advises on insider trading compliance, LODR obligations, and the defence of front-running and market manipulation investigations — where the personal liability of dealers, fund managers, and compliance officers is directly at stake.
Filing CIRP applications before the NCLT as financial creditors, representing financial institutions in the committee of creditors, advising on resolution plan evaluation, and challenging fraudulent transactions and preferential payments. GP also represents corporate debtors seeking to defend against IBC applications and to negotiate resolution outside the formal CIRP process before the 330-day deadline triggers liquidation.
Defending promoters and directors against wilful default classification — which triggers personal blacklisting from the banking system and directorship disqualification. GP also advises lenders on NPA resolution strategy, SARFAESI enforcement, DRT proceedings, and the interaction between civil recovery proceedings and the IBC moratorium.
RBI authorisation for payment aggregators and payment gateways, DPDP Act compliance for fintech data processing, FEMA compliance for cross-border payment flows, and the regulatory structuring of lending partnerships between banks and fintech platforms. GP advises the new generation of fintech companies on the regulatory architecture that governs their operations — before enforcement brings it to their attention.
AML programme design and audit for regulated financial entities, suspicious transaction reporting compliance, and the defence of PMLA and ED enforcement actions against financial institutions and their senior management. For banks and NBFCs that have processed transactions later identified as proceeds of crime, the PMLA exposure and the ED attachment risk require immediate and expert management.
Defended a Mumbai-based investment adviser facing a SEBI adjudication proceeding for alleged mis-selling of structured products to retail investors — establishing that the products were sold only to clients who met the accredited investor criteria and that full disclosure was made at the point of sale. The adjudicating officer accepted the defence and imposed the minimum penalty. The matter settled without debarment.
Acted for a consortium of three banks as financial creditors in a CIRP application before the NCLT Mumbai against a manufacturing company with outstanding debt of Rs.380 crore. Represented the banks in the committee of creditors, evaluated resolution plans, and successfully challenged a related-party resolution applicant whose plan was found to be in violation of Section 29A of the IBC. The approved resolution plan recovered 61% of the outstanding debt.
Represented the promoter of a Delhi NBFC against wilful default classification by a consortium of lenders — establishing that the loan defaults were caused by genuine business reversal following a major client insolvency and not by diversion of funds. The Bombay High Court set aside the wilful default classification, holding that the bank had not followed the RBI Master Circular's procedural requirements for classification and had not given the promoter an adequate opportunity to respond.
When a financial institution faces both a SEBI adjudication and an ED investigation — or both an RBI enforcement action and an SFIO inquiry — the regulatory response and the criminal defence must be coordinated. GP's financial services regulatory practice and criminal defence practice work together on the same matter, with the same understanding of the facts and the same strategic objective.
Financial services disputes are fundamentally about money — fund flows, accounting entries, transaction structures, and financial statements. GP's in-house CA and forensic accounting team provides the financial investigation capability that the legal proceedings require — analysing accounts, tracing transactions, and quantifying losses — as an integrated part of the legal team, not as an external engagement.
A SEBI interim order freezing a firm's operations, an RBI directive restricting a bank's activities, or an ED attachment of a financial institution's assets requires the same-day response capability that only a firm with an active regulatory and litigation practice can provide. GP has managed financial sector emergencies from the first hour — filing writ petitions, seeking stays, and negotiating regulatory compliance frameworks under time pressure.
The practice serves scheduled commercial banks, private sector banks, cooperative banks, NBFCs, insurance companies, asset management companies, portfolio managers, stock brokers, payment aggregators, and fintech companies — across the complete lifecycle of their legal and regulatory needs.
Whether you are a bank, NBFC, investment manager, fintech company, or financial sector executive — GP provides the legal and regulatory expertise your institution needs.