Deal News
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: â–ª US$ 43+ billion worth deals executed by the Firm â–ª Total strength 180+ (up from 95+ in July 2021) â–ª Partner count increased to 33 (from 21 in July 2021) â–ª 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).
TLA Moves Court With A PIL For Implementation Of Uniform Procedure For All Filings In Delhi District Courts
A PIL for Implementation of Uniform Procedure for all filings before District Courts in Delhi has been preferred by the office of Karan S. Thukral, Advocate. In furtherance to the same, the Office of the Principal District and Sessions Judge have sought comments from Learned Judges of the District Courts, Registrars, Dealings as well as the Delhi Judicial Academy. The Petition is based on the premise that severe mismanagement and mal administration during the sequence of filing of...
Dentons Announces An Historic Combination With Link Legal In India
Dentons would become the first global law firm to combine with a law firm in India Dentons, the world's largest global law firm, has announced a combination with leading Indian law firm, Link Legal. Dentons would become the first global law firm to combine with a law firm in India giving the combined firm first-mover advantage and a competitive edge in international panel competitions. This is not a joint venture, not a best-friends relationship or a liaison license, nor a merger or...
S.K. Singhi & Partners Acted As Lender's Legal Vetting Counsel In Relation To Financial Assistance Of INR 3435.6 Million
S. K. Singhi & Partners have acted as Lender's Legal (Vetting) Counsel in relation to Financial Assistance aggregating to INR 3435.6 Million by SBM Bank (India) Ltd to various Corporates including Asirvad Microfin (500 MN), Iron Triangle (300 MN), Fusion Microfin (250 MN), IIFL Samasta (220 MN) etc.The deal team was led by - Partner, Akshay Singhi and assisted by Muskan Bhargava, Associate; Sangini Singhal, Associate; Adv.Aanchal Gupta Gupta, Associate and Soumya Kumari, Associate
Argus Partners Advises Acre ARC In Purchasing Distressed Loan Portfolios From HDFC
Argus Partners has advised Hong Kong based alternative investment fund Ares SSG-backed ARC, Assets Care and Reconstruction Enterprise (ACRE), on their purchase of stressed loan portfolios from HDFC Limited aggregating to Rs. 1,180 crore.The portfolio includes loans to Gurugram based real estate developer, Vatika Group and Mumbai-based realty firm, Nirmal Lifestyle Kalyan.The Argus Team consisted of Aastha and Nidhi Arya (Partners), Arjun Gopalakrishnan (Senior Associate) and Adhip Ray, Amisha...
Luthra And Luthra Acts On 4th Consecutive Bond Raise By Virescent Renewable Energy Trust
The Firm's Banking and Finance team recently advised ICICI Bank Limited, Yes Bank Limited, and India Infrastructure Finance Company Limited in connection with the private placement of up to 1,500 NCDs aggregating to INR 150 crores in 2 series by Virescent Renewable Energy Trust. The transaction team comprised Karan Mitroo (Partner) and Pragya Verma (Associate). The InvIT currently owns and manages a portfolio of 14 operational solar projects across 7 states inIndia and runs...
Promotions At Vis Legis Law Practice Advocates
Recently, Vis Legis Law Practice Advocates has announced its promotions.Mr. Harshavardhan Deshmukh has been elevated to the position of Partner. Mr. Harshavardhan is one of the core members of the firm's banking-finance, stressed assets and Insolvency & Bankruptcy Code practice in Hyderabad. Mr. Harshavardhan holds extensive experience of over 12 years in handling various types of litigation assignments and since the year 2020, Mr. Harshvardhan has been instrumental in establishing firms'...