The case is about the banking system and the financial markets scam with Harshad Mehta as the chief architect. Mehta was able to successfully exploit the deficiencies in the microstructure of the Indian financial system to siphon money from the banking system to the financial markets. With this money he manipulated the Indian capital markets causing a phenomenal increase in stock prices. When the scam was exposed, the capital markets crashed and thousands of investors lost their life savings; it also impacted several domestic and foreign banks operating in India.

The case is about HR practices at Singhania and Partners, one of the largest full-service national law firms in India. People are at the core of the services industry and it is imperative that service organisations have systems in place to attract and retain talent. The Indian legal services industry has been booming since the country's economy began liberalising in the early 1990s. The exponential growth of this industry was accompanied by an acute talent crunch. Indeed, the very ability to hire and retain talent was becoming a source of competitive advantage. Mr Ravi Singhania (managing partner), in conversation with Ms Manju Mohotra (chief executive officer), evaluates the firm's current HR practices and is concerned about whether the firm faces human resource risks.