Interviews

“My academic grounding in cyber law proved invaluable as I navigated complex regulatory questions and worked at the intersection of law, technology, and financial innovation.” – Shweta Vashishtha, Executive Officer, Regulatory Affairs at Confederation of Indian Industry (CII).

This interview has been published by Anshi Mudgal and The SuperLawyer Team

After completing your B. Com (Hons) from Delhi University and qualifying as a Company Secretary from the Institute of Company Secretaries of India, what inspired you to pursue a career in law? Was there a particular moment or experience that led you in this direction?

Truly speaking, I always aspired to pursue a career in law. However, instead of enrolling in a 5-year integrated law program, life took me on a different path. My brother, who was then pursuing Chartered Accountancy, encouraged me to join the Company Secretary (CS) course. That decision proved to be a turning point.

During my undergraduate studies, I found myself particularly drawn to subjects such as Business and Corporate Laws, and Information Technology Laws, quickly becoming my favourites. These disciplines didn’t just pique my interest — they ignited a genuine passion for the legal field. In fact, the CS course deepened my interest in the legal field and broadened my understanding of its practical applications in the corporate world. This growing passion led me to appear for the law entrance examination at the University of Delhi in my final year of graduation. Determined to align my career with my true interests, I appeared for the law entrance examination conducted by the University of Delhi. I was thrilled to clear the exam in 2012 and enrolled in the three-year LL.B. program, becoming a part of the 2012–2015 batch. The moment marked the realization of a long-cherished dream, one that had only grown stronger with time and still motivates me every day.

In the early phase of your career, you dealt with a wide range of matters from RERA and intellectual property to corporate compliance. What were some of the key skills and insights you gained from working across such diverse areas? How did these shape your understanding of the legal field?

During my tenure at KNM & Partners, Law Offices, I was fortunate to be entrusted with a wide range of responsibilities, each offering me the opportunity to grow as a legal professional. My role encompassed advising on business setup, drafting and reviewing transaction documents, conducting due diligence, managing secretarial compliances for a diverse clientele, and providing legal advisory on various aspects of general corporate law. The breadth of work not only sharpened my technical skills but also nurtured my ability to approach legal issues from multiple perspectives, the versatility at work provided me with an ability to handle different legal domains. 

One of the most defining phases of my career was in 2016, when two landmark legislations — the Real Estate (Regulation and Development) Act, 2016 and the Insolvency and Bankruptcy Code, 2016 came into force. At the time, our firm represented several real estate clients, and the enactment of RERA brought with it a surge of queries, concerns, and restructuring needs. I took this as an opportunity to engage deeply with the legislation, dissecting each provision and analysing its impact on ongoing and upcoming real estate projects. It was an intellectually enriching experience to assist clients through this legislative shift, helping them align their operations with the new regulatory framework.

Simultaneously, the introduction of the Insolvency and Bankruptcy Code opened another complex legal frontier. I undertook a coordinated study of both RERA and IBC, which proved essential in redrafting agreements and project documentation to align with the changing legal landscape. While the full implications of these reforms were difficult to predict at the time, our early analysis proved prescient, especially as high-profile insolvency cases in the real estate sector, like Jaypee and Amrapali, unfolded. I take pride in the fact that we were able to anticipate critical challenges and guide our clients effectively through an evolving and often uncertain terrain.

In addition, I was actively involved in navigating the changes introduced by the Trademark Rules, 2017, which significantly streamlined the trademark registration process in India. Being part of this period of rapid legal development gave me first-hand insight into how legislation evolves in response to market needs and how practitioners must adapt quickly and thoughtfully to serve their clients’ best interests.

These diverse experiences have helped me build a strong foundation in corporate and commercial law, instilling a deep appreciation for the interconnectedness of legal domains. Each assignment strengthened not only my analytical skills but also my ability to view the law in its broader business and societal context. I remain grateful to the seniors and mentors at KNM & Partners whose precision, discipline, and attention to detail continue to inspire my approach to legal practice.

After starting out in a law firm, you transitioned to working with various government establishments over the years. What motivated this shift? How would you compare the working dynamics of a law firm to those of public sector roles, particularly in terms of impact and approach?

The transition from a flourishing law firm career to government and policy-focused roles was a deliberate and deeply considered decision. Having witnessed the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, I was eager to move beyond advisory and transactional work to engage directly with the mechanisms of business restructuring. I wanted to be at the forefront of this legal and economic transformation, not just interpreting the law but shaping its implementation.

I was privileged to be among the first cohort of Research Associates recruited by the Insolvency and Bankruptcy Board of India (IBBI). Working under the visionary leadership of Dr. M.S. Sahoo, along with senior members such as Mr. Navrang Saini, Ms. Mukulita Vijayawargiya, and Ms. Suman Saxena, was both an honour and a turning point in my career. It gave me the rare opportunity to contribute to the institutional framework of a law still in its infancy, and to witness firsthand how regulations are designed, tested, and refined in the real world.

One of the most meaningful aspects of working in the public sector is the shift in purpose from serving the interests of individual clients to contributing toward broader economic and societal goals. At IBBI, I experienced how law, policy, and economics intersect and how legal reform can influence market behaviour, investor confidence, and systemic integrity.

Building on my insolvency experience, I later served as a Legal Consultant in the Department of Economic Affairs, Ministry of Finance, where I had the opportunity to work on emerging areas such as the digital economy and fintech regulations. This role further deepened my understanding of how legal frameworks must evolve alongside technology, innovation, and global economic shifts. The work was intellectually demanding but equally fulfilling, as it required a macro-level perspective and a fine balance between enabling innovation and safeguarding systemic stability.

Subsequently, my engagement with the Confederation of Indian Industry (CII) allowed me to interface closely with both industry stakeholders and government institutions. It reaffirmed the importance of collaborative policymaking, where the voices of regulators, businesses, and civil society come together to shape balanced, forward-looking legal solutions.

These transitions have not only broadened my subject-matter expertise but also enriched my professional ethos. Moving from a law firm to policy and regulatory roles has equipped me with a multidimensional view of the legal ecosystem, i.e., from ground-level enforcement to high-level strategy and governance. Each step has reaffirmed my belief in the power of law as a tool for structural change.

You pursued an LL.M. in Cyber laws from IP University. How did this specialized legal education support your work at the Department of Economic Affairs, Ministry of Finance especially while handling complex fintech issues like virtual banking, cryptocurrencies, data protection, and cybersecurity? Could you share a key takeaway from that experience?

My LL.M. in Cyber Law significantly complemented and enhanced my professional engagement with the Department of Economic Affairs (DEA), Ministry of Finance. In this role, I was entrusted with the critical task of coordinating actions among multiple Ministries and departmental committees involved in implementing the recommendations of the Steering Committee on Fintech-Related Issues.

This period coincided with a transformative phase in India’s digital economy — UPI was reshaping the payments landscape, emerging technologies were disrupting traditional financial systems, and conversations around cryptocurrencies and blockchain were gaining momentum. The government was actively focused on policy formulation, technology integration, and the development of robust data governance frameworks to promote innovation in fintech while also addressing the challenges posed by rapidly evolving technologies.

My academic grounding in cyber law proved invaluable as I navigated complex regulatory questions and worked at the intersection of law, technology, and financial innovation. This experience not only deepened my understanding of the legal implications of digital finance but also reaffirmed my commitment to contributing to policy frameworks that are both forward-thinking and resilient.

In your current role, you are closely involved in policy research and development. Could you share an example of one of the most interesting or impactful policy projects you’ve worked on recently, and what made it stand out to you?

One of my most recent projects involves stakeholder engagement on the newly enacted Digital Personal Data Protection (DPDP) Act, 2024. Given the Act’s cross-sectoral impact, it is poised to influence not just business operations, but also the daily lives of individuals. Naturally, it has attracted diverse and often divergent viewpoints from industry, civil society, and regulatory bodies.

Facilitating dialogue in such a dynamic environment requires both sensitivity and strategic clarity. Achieving consensus among varied stakeholders is inherently challenging, but it is essential for shaping effective and inclusive implementation frameworks. What guides my approach is a belief that every concern raised deserves to be addressed thoughtfully and with the best available expertise and resources.

While the legislation itself marks a critical milestone, I firmly believe that its true evolution will occur over time, as market dynamics, technological advancements, and social expectations come into play. Participating in this ongoing process where law adapts to the real-world context continues to be one of the most intellectually and professionally fulfilling aspects of my work.

Given your active engagement with regulatory bodies such as MCA, SEBI, CCI, and RBI, has there been an instance where you had to manage conflicting stakeholder interests? How did you navigate the situation? In your view, what are the key elements of drafting an effective and balanced policy?

When engaging with a diverse group of stakeholders, everyone brings their own unique perspective, shaped by personal and professional experience. In such a setting, especially when actively working with regulatory bodies, managing conflicting interests becomes both an art and a science.

Articulation of differing viewpoints is essential, but so is the ability to facilitate collaboration, build trust, and guide dialogue toward consensus. Successfully liaising with a broad spectrum of stakeholders requires deep research, a nuanced understanding of varied perspectives, and the ability to clearly and objectively communicate those positions.

Drafting balanced, effective suggestions to the policies in such an environment demands more than legal or technical expertise; it calls for empathy, strategic thinking, and the capacity to harmonize competing priorities while keeping the broader public interest at the core.

With such a demanding professional role, how do you manage your time, focus, and energy between work and personal life? What’s your approach to unwinding and maintaining balance?

Balancing a demanding professional role with personal well-being is both a challenge and a conscious commitment. Over the years, I’ve realized that effective time management is not just about scheduling, it’s about setting clear priorities and boundaries.

I approach my work with dedication and structure my day with focused time blocks, which allows me to be fully present in what I’m doing, whether it’s working on projects, attending meetings or handling tasks at hand. I believe in working smart, not just long — which means delegating when appropriate and leveraging tools and systems that promote efficiency.

That said, I also place great value on personal time. To unwind, I turn to reading — especially motivational books that lie outside the legal realm and occasionally journalise and reflect. Quiet evenings with family, walks in nature, and mindfulness practices like meditation help me reset and recharge. These moments of stillness and connection give me the clarity and emotional resilience to bring my best self to work.

Ultimately, for me, balance doesn’t mean equal time for everything but rather being fully engaged in whatever I’m doing — and knowing when to step back to rest and realign.

Looking ahead, what advice would you offer to young lawyers who aspire to work in government advisory roles or pursue a career in public policy and research? What skills or experiences should they focus on developing?

I will be glad if my career path and skills provide a source of guidance to the young fraternity. I would advise to develop a strong foundation in law and gain diverse experience-work in different legal areas and with various organizations, be it-law firms, government bodies, industry associations. Cultivate policy research and advocacy skills early on. The ability to analyse policy issues, conducting research, and articulating positions effectively is crucial. Working with government and regulatory bodies requires strong communication and the ability to collaborate with diverse stakeholders.

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