The central thesis: India has a statutory answer for retail investors stranded inside a single insolvent asset-holding company; it has simply never been asked whether that answer was built wide enough to reach this particular investor.

The four March 2026 reforms are all justified in their own right. The SPV amendment addresses a real compliance issue.

The blog analyzes technical implications of GIFT City SPV framework, navigates some potential issues that may arise and proposes solutions.