Khosla & Partners LLP

Law. Regulation. Strategy.

A legal and regulatory advisory firm working across matters involving law, regulation, governance and business, with a principal focus on banking and financial regulation, RBI regulatory matters, FinTech, enforcement, licensing, governance and regulatory litigation.

The Firm

Law, regulation and institutional decision-making.

Khosla & Partners works on matters arising at the intersection of law, financial regulation, governance and institutional decision-making.

The Firm advises on regulatory, enforcement, transactional and contentious matters, including matters involving supervisory processes, governance, regulatory approvals and disputes.

Selected Areas of Work

Regulatory and supervisory processes
Enforcement and regulatory proceedings
Structuring and regulatory compliance
Disputes before courts, tribunals and regulatory authorities

Expertise

Eight practices, nine sectors

The Firm’s practice areas are organised across regulatory, financial, contentious and governance matters.

Knowledge

Regulatory analysis and updates

Regulatory updates, legal analysis, case notes and explainers across the Firm’s areas of practice.

Team

Our Team

Profiles of the Firm’s professionals, including areas of practice, qualifications and professional experience.

Experience

Representative matters

Selected representative matters described on an anonymised basis, subject to applicable confidentiality obligations.

Sector Coverage

Banks
NBFCs
Fintechs
Financial institutions
Regulated entities
Boards
Promoters
Corporates
Individuals

The Firm

A legal and regulatory advisory firm.

Khosla & Partners LLP works on matters where law, regulation, governance and business intersect, with a principal focus on banking, financial services, regulatory proceedings, governance and disputes.

Our Approach

Legal analysis in a regulatory context.

The Firm’s work includes interpretation of regulatory frameworks, regulatory and supervisory processes, licensing and approvals, enforcement matters, governance, restructuring and disputes before courts, tribunals and regulatory authorities.

The practice includes both advisory and contentious matters.

At a glance

Banking, financial services and FinTech regulation
Regulatory enforcement and supervisory matters
Licensing, approvals and change-in-control matters
Litigation and disputes before courts and tribunals

Our approach

Law. Regulation. Strategy. Advocacy.

01

Legal Analysis

Statutes, regulations, directions and judicial precedent.

02

Regulatory Frameworks

Banking, financial services, supervision, enforcement and governance.

03

Advisory

Regulatory, governance, structural and institutional matters.

04

Disputes

Representation and assistance in judicial and quasi-judicial proceedings.

Sector Coverage

Banks
NBFCs
Fintechs
Financial institutions
Regulated entities
Boards
Promoters
Corporates
Individuals

Expertise · Practices

Eight practices, three disciplines.

The Firm’s practices are organised across regulatory, financial, contentious and governance matters.

I

Regulatory & Financial

Advisory and approvals across the banking and financial system.

Advisory on banking and financial regulation, including licensing, ownership, governance, prudential requirements and regulatory approvals.

Advisory relating to licensing, regulatory approvals, entry into regulated financial businesses and change-in-control matters.

Regulatory matters relating to digital lending, payment systems, outsourcing, co-lending, LSP arrangements, account aggregators, data governance and technology-enabled financial services.

II

Enforcement & Disputes

Contentious matters, enforcement and the consequences of distress.

Inspection findings, show-cause proceedings, enforcement actions, regulatory representations, remediation and related governance matters.

Proceedings before courts, tribunals and regulatory authorities, including writ proceedings, statutory appeals and regulatory challenges.

Insolvency, restructuring, distressed assets and related matters concerning lenders, promoters, directors and guarantors.

III

Advisory & Governance

Governance, and strategy for complex or unprecedented questions.

Board governance, regulatory governance, policy frameworks, fit-and-proper matters, director liability and related-party transactions.

Advisory on regulatory architecture, interpretation, institutional processes, business restructuring and regulatory strategy.

Expertise · Sectors

Sector Coverage

The Firm’s practice extends across the following sectors and regulated activities.

01

Banking

Licensing, ownership, governance, prudential regulation, supervisory intervention, enforcement, restructuring and disputes — across scheduled commercial banks, Small Finance Banks and other entities regulated by the Reserve Bank of India.

02

NBFCs & Financial Institutions

Regulatory, governance and structural matters affecting non-banking financial companies and allied financial institutions.

03

FinTech & Digital Financial Services

Regulatory frameworks and compliance for digital lending, platforms and technology-led financial services.

04

Payments & Financial Market Infrastructure

Regulatory frameworks governing payment systems and financial market infrastructure.

05

Insurance

Regulatory and governance matters within the insurance sector.

06

Insolvency & Distressed Assets

Insolvency, restructuring and the regulatory consequences of distressed assets.

07

Corporates & Promoter Groups

Governance, regulatory exposure and contentious matters affecting corporates and promoter groups.

08

Emerging & Regulated Businesses

New and evolving business models operating within, or seeking entry into, regulated financial activity.

09

Government & Regulatory Institutions

Matters involving statutory and regulatory frameworks, public law and institutional decision-making.

Team

Our Team

Meet the professionals who bring together legal expertise, regulatory insight and strategic perspective at Khosla & Partners LLP.

Nishant Khosla

Founding Partner

Nishant Khosla is the Founding Partner of Khosla & Partners. His practice is principally focused on banking and financial regulation, regulatory enforcement, licensing and approvals, governance, financial services and FinTech, restructuring and regulatory disputes.

Before entering private practice, Nishant served with the Reserve Bank of India, where he worked across legal and regulatory matters concerning regulation, supervision and enforcement of financial institutions. His experience at the Reserve Bank included working with its Enforcement Department and on the Regulations Review Authority 2.0, as well as dealing with legal and regulatory issues concerning banking institutions, entities regulated by the Reserve Bank of India and the implementation and interpretation of RBI’s regulatory framework.

This institutional experience informs a practice focused on matters where legal analysis must be considered together with regulatory expectations, supervisory processes and the manner in which financial-sector regulation operates in practice.

Nishant advises banks, NBFCs, FinTech businesses, regulated entities, boards, promoters and senior management on regulatory structuring, licensing and approvals, regulatory inspections and enforcement proceedings, governance, digital lending, outsourcing and LSP arrangements, account aggregation, restructuring, distressed situations and other complex regulatory matters.

His work also includes advising on the regulatory aspects of changes in banking architecture and business models, including matters concerning RBI-regulated entities and Small Finance Banks, as well as regulatory strategy for new and evolving financial businesses.

On contentious matters, Nishant advises and represents clients in proceedings involving regulatory and public law issues before courts, tribunals, regulatory authorities and other judicial and quasi-judicial forums.

He holds an LL.M., in which he was awarded the Gold Medal, and is enrolled as an Advocate.

Areas of Practice

Banking & Financial Regulation
Regulatory Enforcement & Investigations
Licensing & Regulatory Approvals
Financial Services & FinTech
RBI-Regulated Entities & Small Finance Banks
Corporate & Regulatory Governance
Restructuring, Insolvency & Special Situations
Regulatory Litigation
Strategic Regulatory Advisory

Knowledge

Regulatory Analysis and Updates

The Knowledge section contains regulatory updates, legal analysis, case notes and explainers across the Firm’s areas of practice.

Publications and regulatory updates will be added periodically.

Experience · Representative matters

Representative Matters

The following are anonymised descriptions of selected representative matters, subject to applicable confidentiality obligations. They are provided for informational purposes only and do not constitute any representation regarding outcomes in other matters.

Banking
Regulation

Advised an RBI-regulated entity on regulatory, governance and structural matters.

Regulatory
Enforcement

Advised a regulated financial entity in relation to supervisory observations, information requisitions and potential regulatory enforcement proceedings.

Financial
Services

Assisted a financial services entity in designing governance frameworks relating to outsourcing, digital lending and third-party service providers.

Director & Credit
Information

Advised individuals on the legal and regulatory consequences arising from historic association with corporate borrowers and credit-information reporting.

Contact

The Firm may be contacted using the details below.

The Firm

Khosla & Partners LLP

Office

102, Ground Floor,
World Trade Centre,
Connaught Place, New Delhi 110001

Email

info@khoslaandpartners.com

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This website is maintained for general informational purposes only. Nothing contained on this website constitutes legal advice, a legal opinion, solicitation of work or an invitation to establish an advocate–client relationship. No advocate–client relationship arises solely by reason of access to this website or communication with the Firm. Representative matters and publications are subject to their respective limitations and disclaimers.