One of the main challenges of debt disposal operations in India is the considerable impact on the disposal instrument. Given the magnitude of divestiture transactions generally carried out by banks and financial institutions or by capitalization companies (“ARCs”), the stamp duty levied on such transactions becomes a significant cost. If the transfer concerns immovable property located within a municipality, a cantonal council or a declared area, the stamp duty to be paid is one hundred rupees (Rs.100/-). . . .