Corporate strategy, financial intelligence, and regulatory discipline interact cautiously in the CCD ecosystem. Companies must view CCD transactions as long-term commitments to governance, transparency, and shareholder fairness rather than just as capital-raising activities.

SEBI has disallowed any form of equity crowdfunding. Given the evolving market landscape, this regulatory approach must be revisited.

The SC in Sutanu Sinha chose from the diverging set of views on the nature of CCDs and their treatment under the IBC.

The exploration of CCDs in insolvency cases shows a complex scenario where debt and equity distinctions are blurred.

Hybrid securities, by virtue of having the best of both the worlds of debt and equity, are a highly desirable instrument.