Surbhi Kapoor Comments on the Legal Complexities in the Udaan Holdco Case

Posted On - 6 July, 2026 • By - King Stubb & Kasiva

Surbhi Kapoor, Partner KSK, was featured in Financial Express for her insights on the legal and regulatory issues surrounding the ongoing Udaan holdco case.

Control Over the India Business

Commenting on the matter, Surbhi noted that the key issue extends beyond the immediate creditor dispute to the question of control over the India business.

She explained that the company’s principal asset is held at the parent entity level, and any party acquiring the parent company’s stake through liquidation would effectively gain control of the Indian business.

Regulatory Approvals Required

She further highlighted that such a transfer would remain subject to necessary regulatory approvals, underscoring the multiple legal and regulatory considerations involved in cross-border insolvency and ownership transitions.

The key regulatory frameworks applicable include:

  • Foreign Exchange Management Act (FEMA)
  • Reserve Bank of India (RBI)
  • Competition Commission of India (CCI)

Read more: https://www.financialexpress.com/business/news/udaan-holdco-case-turns-into-creditor-battle/4281926/

Last Updated on 6 July, 2026