Between The Market And The Firm

The Rajesh Exports Auction: Mispricing Risk in Cross-Border Corporate Distress

A few weeks after SEBI unsealed its interim corporate governance order against gold processor Rajesh Exports Limited (REL), a secondary asset liquidation event deserves urgent institutional scrutiny. For an international law firm weighing India market entry through the corridor rather than through a desk, it is also a sharper worked example of SEBI reform’s cross-border […]

After Rajesh Exports: What Foreign Counsel Can Now Win Offshore

The Flashpoint On 3 June 2026, SEBI issued a 109-page interim ex-parte order against Rajesh Exports and its promoter-chairman, alleging that approximately INR 15.15 lakh crore ( $16.3m) which is about 99.8% of the revenue the company attributed to its subsidiaries between FY21 and FY25, was misrepresented. SEBI’s probe exposes a distinct jurisdictional trap: the […]