Luthra And Luthra Acts For Lenders/Bondholders On Maiden Financing Of Highway Infrastructure Trust

The Firm advised ICICI Bank Limited, India Infrastructure Finance Company Limited, SBI Mutual Fund, and Nippon India in connection with the private placement of 6,500 NCDs aggregating to INR 650 Crores in 2 series by Highways Infrastructure Trust (the "InvIT"), the road InvIT platform launched by KKR and also ICICI Bank Limited, State Bank of India and Axis Bank Limited in connection with availing of rupee loan facilities aggregating to INR 800 Crores by the InvIT.The transaction was led by...

Former ED Chief And Ex-IPS Officer, Mr. Karnal Singh Launches Law Firm - Circle Of Counsels

Former Director of Enforcement Directorate, Karnal Singh has set up law firm - Circle of Counsels in New Delhi, India, along with 4 other Founding Partners. The Firm will focus on litigation, dispute resolution practice and white-collar defence practise. Karnal Singh, Advocate, is a distinguished former IPS officer who is well known for having led several high-profile probes during his 3 year long tenure as the Chief of ED, prior to his retirement in 2018. As per a press release,...

Sujatha Rangachari Joins Kochhar & Co. As Senior Partner At The Chennai Office To Strengthen Its Banking, Finance And Real Estate Practice

We are pleased to welcome Ms. Sujatha Rangachari who recently joined the Chennai Office of Kochhar & Co. ("The Firm") as a Senior Partner to expand its banking, project finance and real estate practice in the region. Ms. Rangachari is a senior legal professional with extensive cross sectoral experience in banking, finance, infrastructure and real estate. She has over two and a half decades of banking experience having led the in-house legal function of various banks and financial...

NCLAT On Pre-Existing Disputes: Outright Dismissal Of CIRP Application When There Is Pre-Existing Dispute

On 28.09.2022, the National Company Law Appellate Tribunal ('NCLAT') Bench comprising of the Justices Ashok Bhushan (Chairperson) and Barun Mitra, Member (Technical) upheld the decision of NCLT, Kolkata rejecting the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('IBC') filed against Heavy Engineering Corporation ('HEC') by G4S Secure Solutions (India) Private Limited ('G4S') on the ground of pre-existing dispute between parties prior to issue of the demand...

Luthra And Luthra Law Offices India Advised Pangram Brands And Its Promoters, Divya And Bhawnish Suri On The Investment By PDS Limited In Pangram

The Firm advised Mr. Bhawnish Suri and Ms. Divya Suri (Promoters) on the acquisition by PDS Limited (PDS) of 51% shareholding of the Promoters in Pangram Brands Private Limited (Pangram) and consolidation of the business of DBS Lifestyle LLP (DBS) and other DBS group entities led by the Promoters, under Pangram.The transaction team was led by Partner, Navin Syiem and ably assisted by Senior Associate, Sidhartha Jatar and Associates – Shaurya Jakher and Ruthvik Tumuluri.

Argus Partners Advises Malabar Investments In Its INR 100 Crore Investment In BoAt

Argus Partners acted for Malabar Investments in its INR 100 crore investment in boAt (Imagine Marketing Limited), a leading consumer electronics brand, as a part of its INR 500 crore Series C fund raise.The Argus team consisted of Abhinav Bhalaik (Partner), Armaan Patkar (Partner), Mahika Parikh (Principal Associate) and Riya Gupta (Associate).

Calcutta High Court On Thika Tenancy And Issue Of Jurisdiction: Approach West Bengal Land Reforms And Tenancy Tribunal

A Division bench of the Calcutta High Court comprising of the Justices Arijit Banerjee and Kausik Chanda , on 07.07.2022, allowed the Appeals of Indian Oil Corporation Limited arising from an Order declaring one of its retail outlets to be outside the purview of the West Bengal Thika Tenancy Act, 2001 and that it does not or never stood vested with the State of West Bengal. The Single Bench of the Calcutta High Court, where the prayer of the Dealer was limited to seeking only "A...

Saraf And Partners Celebrates A Successful First Year, Hosts Senior Advocates And Judges Over A Gala Lunch, Drinks And Live Music

Saraf and Partners hosted a gala event to celebrate its first year anniversary and was attended by the members of the Firm along with several Judges and Senior Advocates. Key highlights of last one year journey includes: ▪ US$ 43+ billion worth deals executed by the Firm ▪ Total strength 180+ (up from 95+ in July 2021) ▪ Partner count increased to 33 (from 21 in July 2021) ▪ Recognised by all leading Global Guides/ Publications The celebrations commenced with an...

Supreme Court Directs State Of Haryana To Reinstate 1300 Primary School Teachers

In long-drawn litigation over 10 years, the Supreme Court finally ended the controversy between competing candidates for Primary School Teachers by directing the State to accommodate all of them. The issue started in 2012 when the State of Haryana issued an advertisement for 9780 posts of primary school teachers. Pertinently, the Haryana Teacher Eligibility Test (HTET) was an essential qualification per the said advertisement. However, the State did not conduct the said test in 2012,...

Link Legal Advised On Further Divestment Of Business Stake By Promoters Of Precious Alloys To Legor Group.

Link Legal acted as the transactional advisor for Precious Alloys Private Limited ("Precious Alloys"), its Promoters and Legor Group S.p.A, in the divestment of 15% stake by the Promoters of Precious Alloys through exercise of call option by Legor Group. The ticket size of the deal is approximately USD 2,024,671 equivalent to INR 16 Crore. Following the exercise of call option, Legor Group has now 35% stake in Precious Alloys. Established in 1999, Precious Alloys is owned by Mr. Vicky...

Luthra And Luthra Acted For India Infradebt Limited In Connection With Financial Assistance To 4 SVPs Of Atria Group

Luthra and Luthra Law Offices, India ("Firm") advised India Infradebt Limited on providing financing to 4 (four) operational wind and solar power projects of Atria Group.The transaction team comprised of Mr. Girish Rawat (Partner), Ms. Ashneet Chhabra (Senior Associate), Mr. Abhinav Singh (Associate) and Mr. Pranav Dwivedi (Associate).

Luthra And Luthra Law Offices India Advised IREDA In Connection With Financial Assistance Provided To SPV Of Amp Energy India Aggregating Up To INR 2614.70 Million

Luthra and Luthra Law Offices, India ("Firm") advised Indian Renewable Energy Development Agency Limited ("IREDA" or "Lender") in relation to the financial assistance provided to a SPV of Amp Energy India for a 30 MW group captive wind-solar hybrid power project at Jamnagar District in Gujarat.The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Managing Associate), Himanshi Bhadoria (Associate) and Abhinav Singh (Associate).