Luthra And Luthra Hosts Meenakshi Lekhi, Sadhguru, Other Dignitaries For A Cultural Evening

Luthra and Luthra Law Offices India have consistently been at the forefront in encouraging and promoting our rich culture. Founder & Managing Partner Rajiv K Luthra, a visionary and philanthropist has always supported art and culture through various art forms.The Cultural Evening hosted and sponsored by Luthra and Luthra was a celebration of the country's rich heritage and traditions. The live performance by 60 artists dived into the war of Kurukshetra in a grand 'Broadway style' theatrical...

National Company Law Tribunal, Mumbai Bench Sends 'Supreme Housing & Hospitality Private Limited' Into Corporate Insolvency Resolution Process

Syndicate Bank, now Canara Bank, ("Financial Creditor"), filed a petition under section 7 of Insolvency & Bankruptcy Code, 2016 ("Code") against Supreme Housing and Hospitality Private Limited, ("Corporate Debtor"), for initiating Corporate Insolvency Resolution Process ("CIRP") in National Company Law Tribunal, Mumbai Bench ("NCLT"). The Petition is filed claiming an amount of Rs.368,85,54,194.56 as on 31.12.2019 inclusive of interest. The Corporate Debtor approached the Financial...

Argus Partners Transforms Its Equity Partnership Structure Into A 'Modified Lockstep' Model

Argus Partners has transformed its equity partnership structure into a 'Modified Lockstep' model. The lockstep model adopted by the Firm is based on the principles of transparency, fairness and clarity in progression. The model aims to be open, performance driven yet, accommodative and serve as an instrument of good governance for the Firm. The rationale behind adopting the lockstep model by the Firm is to permit its partners to accelerate their career progression while ensuring...

Saraf And Partners Acts For Viatris In Its Sale Of Biosimilars Business To Biocon Biologics For US$ 3.335 Billion

Global healthcare company - Viatris (formerly, Mylan) has, on November 29, completed the sale of its global biosimilars business to Biocon Biologics Limited ("Biocon Biologics"), subsidiary of Biocon Limited for USD 3.335 billion for stock and cash consideration. The cash consideration for the deal is up to US$ 2.335 billion and whereas the remaining consideration is through shares in Biocon Biologics worth US$ 1 billion.This deal is the largest M&A deal in India in biosimilars business and...

SL Partners Represents Ratnamani Metal And Tubes In Acquisition Of Majority Stake In Ravi Technoforge Private Limited

Ratnamani Metals and Tubes Limited, a listed company on the BSE and NSE, has acquired majority stake in Ravi Technoforge Private Limited, a company engaged in the business of manufacturing and sales of the various types of high precision hot forged and machined bearing rings, races and gear blanks which are used by bearings manufactures for further applications in automobiles and various industrial segments. This is a strategic investment by Ratnamani Metal and Tubes Limited. SL ...

Saraf And Partners Advised Anant Investments (The Carlyle Group) On The Initial Public Offering Of Equity Shares By Global Health Limited (Medanta)

Saraf and Partners advised Anant Investments, an affiliate of The Carlyle Group on the Initial Public Offering ("IPO") of Global Health Limited (Medanta) in its capacity as a selling shareholder in the IPO.The IPO comprised a fresh issue of equity shares of Rs. 500 crore and an offer for sale of Rs. 1,705 crore, aggregating to an issue size of Rs. 2,205 crore, making it the largest ever in the hospital sector in India.The IPO was oversubscribed 9.58 times and the equity shares were listed on...

Kochhar & Co. Continues Its Expansion With A Team Hire In Mumbai, Forms A Formidable Banking & Finance Practice Team For Servicing Clients Across India And In The Middle East

Kochhar & Co. in a major boost to its BFSI practice has hired Sharmil Bhushan as a Partner along with her team in Mumbai. Sharmil specialises in banking & finance, debt restructuring and insolvency, mergers & acquisitions, private equity and investment funds.With her extensive experience of over 16 years, Sharmil has been at the forefront of advising Indian and multinational banks, NBFCs, financial institutions and corporates across sectors on various aspects of Indian law....

Amicus Acted As Legal Counsel To SWAMIH Investment Fund

Amicus Advocated and Solicitors has advised SWAMIH Investment Fund, acting through its Find Manager, SBICAP Ventures Limited, in respect of its debt investment in Eco Green Buildtech Private Limited. Visit: www.amicusservices.in Mail: info@amicusservices.in

S.K.Singhi & Partners Declared "Most Disruptive Law Firm of the Year - 2022".

M/s S.K.Singhi & Partners has been declared as "Most Disruptive Law Firm of the Year - 2022".The award was presented by Mr. Philip Chua, Group Senior Technology Counsel - AIA at a glittering ceremony at Singapore conferred by Lex Falcon Global Awards.Mr. Singhi dedicated the Award to the hard work done by the Team across its offices and expressed gratitude & credit for this prestigious recognition to his Team & Family.

Link Legal Advised Howen International Fund SPC In Its Pre-Series A Investment In Sundaravijayam Automobiles Services Private Limited (Readyassist)

Link Legal represented and advised Howen International Fund SPC, a Cayman Island fund, in its pre-series A investment in Sundaravijayam Automobiles Services Private Limited ("ReadyAssist"). The ticket size of the entire deal is USD 5 Million.ReadyAssist is engaged in the business of providing technology-enabled 24/7 roadside assistance, emergency service, vehicle maintenance and other related activities including technical trainings, with a strong thrust into the electric vehicles space.Link...

Delhi High Court Restrains Palki Sharma From Divulging Zee Media's Confidential Information To Third Party

The High Court of Delhi in a suit filed by Zee Media Corporation Limited against Palki Sharma Upadhyay, the Journalist, Anchor and former Managing Editor of WION, has restrained Palki Sharma Upadhyay from divulging any confidential and proprietary information belonging to Zee Media Corporation Limited to any third party or to the benefit of any third party.Justice Anup Jairam Bhambhani however refused to restrain the journalist from joining or continuing employment with Network 18 news...

Luthra And Luthra Acts For Crystal Crop On Its USD 37 Million Investment By IFC

Luthra and Luthra Law Offices India assisted Crystal Crop Protection Limited in relation to raising of private equity investment of INR. 300 crores (USD 37 million approx.) from International Finance Corporation (IFC) and Emerging Asia Fund (EAF).The team comprised of Partners, Avirup Nag and Sabrina Afroze and Associate, Kashish Singhal who assisted Crystal Crop in finalising the investment agreements and closing of the transaction.