JSA in
News

With the Reserve Bank of India set to close feedback on its draft expected credit loss framework by November 30, banks are seeking more flexibility on the loss-given default assumption of 45% for exposures secured by eligible collateral. Lenders argue that this could overstate the loss potential in certain asset classes. “While the move to ECL is directionally correct and aligns with global practice, some lenders may seek a longer implementation runway beyond 2031, as the RBI has done with earlier transitions such as Basel norms” Pratish Kumar, Partner at JSA said. “Stage-2 provisioning will be a key area of adjustment, particularly for smaller banks and those with higher retail exposures,” he added. Read more

Institutional investments in Mumbai’s real estate market crossed USD 1.2 billion in the first nine months of 2025, making this the fourth consecutive year the city has surpassed the billion-dollar mark, according to Cushman & Wakefield’s India Capital Markets Q3 2025 report. This performance signals Mumbai’s strong recovery and return to pre-pandemic investment levels, reinforcing its position as India’s most attractive gateway market for global and domestic capital. Vivek K Chandy, Joint Managing Partner at JSA Advocates & Solicitors, said, “Investment in the real estate sector in the south also remains very strong. Bangalore developers have not just moved to the growing and large cities in the south but have started huge developments in Mumbai and the NCR.” “While the equity markets provided huge returns following the pandemic, over the last year, the bigger returns have probably been from investments in real estate,” Chandy added. Read more

India’s real estate landscape is undergoing a transformation, with second homes emerging as a popular investment choice. What was once considered a luxury is now increasingly viewed as a strategic financial asset. A growing middle-class population with rising disposable income is fuelling demand for second homes. With financial stability and aspirations for wealth creation and lifestyle upgrade, many individuals are planning investing in real estate beyond their primary residence.  Kumarmanglam Vijay, Partner & Head – Direct Tax, JSA Advocates & Solicitors elaborated, “Historically, taxation of deemed rent was a deterrent to owning a second home, as only one property could be treated as self-occupied, while others were deemed let-out (if not let-out) even if they were vacant. Read more

Venkatesh Raman Prasad (JSA Advocates & Solicitors) during the panel discussion highlighted that GCCs must localize contracts, manage multi-jurisdictional compliance, and adopt AI responsibly. Legal frameworks must evolve with AI, IP, and labor laws—governance must be proactive, not reactive, to ensure resilience and trust. Read more

Institutional investments in Mumbai’s real estate market crossed USD 1.2 billion in the first nine months of 2025, making this the fourth consecutive year the city has surpassed the billion-dollar mark, according to Cushman & Wakefield’s India Capital Markets Q3 2025 report. This performance signals Mumbai’s strong recovery and return to pre-pandemic investment levels, reinforcing its position as India’s most attractive gateway market for global and domestic capital. Vivek K Chandy, Joint Managing Partner at JSA Advocates & Solicitors said, “Investment in the real estate sector in the south also remains very strong. Bangalore developers have not just moved to the growing and large cities in the south but have started huge developments in Mumbai and the NCR.” “While the equity markets provided huge returns following the pandemic, over the last year the bigger returns have probably been from investments in real estate,” Chandy added. Read more

The story also appeared in  publications such as ANI, The Tribune, Lokmat Times, among others.

Mumbai’s institutional investment story in real estate has come full circle, returning to pre-pandemic levels and crossing the $1 billion mark for the fourth year in a row as it hit $1.2 billion in the first nine months of 2025, according to Cushman & Wakefield’s India Capital Markets Q3 2025 report. Investment in the real estate sector in the south also remains very strong, says Vivek K. Chandy, Joint Managing Partner at JSA Advocates & Solicitors. “Bangalore developers have not just moved to the growing and large cities in the south, but have started huge developments in Mumbai and the NCR.  While the equity markets provided huge returns following the pandemic, over the last year, the bigger returns have probably been from investments in real estate.” Read more

The Government of India has officially launched the Guidelines for Responsible AI Governance, marking a significant step toward ethical and inclusive AI adoption. The document was unveiled by Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, in the presence of Shri S. Krishnan, Secretary, MeitY; Shri Abhishek Singh, Additional Secretary, MeitY, CEO IndiaAI Mission, DG NIC; Ms. Kavita Bhatia, Scientist ‘G’ & COO, IndiaAI Mission; and Prof. B. Ravindran, IIT Madras. Commenting on the development, Probir Roy Chowdhury, Partner, JSA Advocates and Solicitors, said, “These guidelines serve as a foundational reference for policymakers, researchers, and industry to strengthen cooperation for safe, responsible, and inclusive AI adoption. For businesses, this translates into improved accountability and compliance by design. Companies should build robust risk assessment frameworks and consider adopting voluntary compliance measures — which I believe will soon become the baseline for safe and trusted AI deployment.”. Read more

The Indian government on Wednesday released its much-anticipated AI governance guidelines, outlining a principle-based, light-touch framework for safe and responsible adoption of artificial intelligence across sectors. Commenting on the development, Probir Roy Chowdhury, Partner, JSA Advocates and Solicitors, said, “For businesses, this translates into a mandate for improved accountability and compliance by design. Companies should focus on building robust risk assessment frameworks and consider adopting the voluntary compliance measures – I believe these will soon become the baseline for safe and trusted AI deployment”. Read more

After years of muted enforcement, the Competition Commission of India’s AI study offers the antitrust bar a new commercial frontier, prompting firms to build cross-disciplinary teams fluent in both code and competition. India’s competition bar has been in quiet flux. Enforcement by the Competition Commission of India ( CCI ) has slowed dramatically in the last few years, pushing firms toward merger control work that is routine, transactional, and low margin. The large penalties that once drove antitrust revenue and urgency have faded, leaving enforcement lawyers with little more than legacy cases and low-stakes filings. “The CCI’s call for AI self-audits and algorithmic transparency has made technical fluency a core compliance skill and will lead to retooling across the antitrust bar,” says Nisha Kaur Uberoi , head of antitrust at JSA Advocates & Solicitors. For example, she says, e-commerce companies integrating dynamic pricing should now look at competition compliance reviews by lawyers who understand algorithms before model deployment. Read more

Leadership Dialogues 2025, where a panel of industry veterans, investors, and technologists debated on India’s tech ~ moment. Sajai Singh, partner at JSA Advocates & Solicitors, added another layer. “That move can also be IP related,” he said. “If you are creating IP, code cannot be patented in India. It can be patented in the US. So a lot of times when a product is being developed or you’re reaching that level, you move the headquarters to the US while the development may continue to happen in India.” Read more

GCCs have become an integral part of India’s economic landscape. The evolution of GCCs from cost centres to strategic hubs of excellence underscores India’s potential as a global business destination. While challenges such as talent retention, regulatory compliance, and infrastructure need to be addressed, continued investment in digital transformation, and government support will position India to strengthen its status as the world’s leading hub for Global Capability Centres said Gaurav G. Arora, Partner, JSA Advocates & Solicitors. Read more

According to the World Health Organization, mental health is a state of mental well-being that enables people to cope with the stresses of life, realize their abilities, learn well, work well, and contribute to their community. It is an integral component of health and well-being that underpins our individual and collective abilities to make decisions, build relationships, and shape the world we live in.“Mental health is not a peripheral concern — it’s central to how we work, lead, and care for our people. Our focus has always been on creating an environment where our members feel supported to pause, reflect, and recharge — because only when we take care of our minds can we truly bring our best to the table.” – Varghese Thomas, Equity Partner, JSA. Read more