Debtwire Radio

In this podcast, Debtwire talks to tax lawyer Ashish Sodhani of Indian law firm Nishith Desai Associates to parse through the tax issues facing buyers of Indian onshore loans. Ever since India began pushing its largest debtors into bankruptcy in the summer of 2017, the country’s distressed loans have provided the most active trading opportunity for special-situation credit investors in Asia. In addition to needing to learn about the evolving bankruptcy law, investors jumping into the market were confronted with a confounding tax regime that has yet to properly account for new bankruptcy regime. Sodhani is a senior member of Nishith Desai’s International Tax Practice, focuses on cross-border tax and corporate structuring transactions and has been involved in the recent issues relating to applicability of the Minimum Alternate Tax on foreign investors before the High Court. He has represented clients before various forum’s, including Tribunals, various High Courts and Supreme Court of India in relation to d