The Procedure as Punishment: Why Nfra’s Retrospective Reach is Unconstitutional March 30, 2026 IPLF News & Updates Comments Off on The Procedure as Punishment: Why Nfra’s Retrospective Reach is Unconstitutional Introduction Following large-scale financial frauds such as the IL&FS debacle, India created the National Financial Reporting Authority (‘NFRA’) as a strong, autonomous regulator to revive public confidence […] Read more