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'...

DRT Allows Auctions Of Properties Mortgaged To The Lender, Even If The Same Was Purportedly Sold By Borrower To Third Parties.

The Debt Recovery Tribunal, Bench – II, Mumbai allowed Axis Finance Limited (AFL) to continue with the sale of flats ("Subject Flat") in favour of prospective buyers. Background Mr. Rajen Dhruv and Mr. Hiren Dhruv promoters of Orbit Venture Developers ("OVD") were desirous of re-developing Oshiwara Adarsh CHS Ltd and in order to vacate the 20 tenements in Oshiwara Adarsh CHS Ltd sought help of the Applicant i.e. J71 Properties & Pictures Pvt Ltd and Amarjeet Jitendra Shukla...

Argus Partners Is Advising In The Proposed Mega Merger Involving Tata Steel And Seven Of Its Subsidiary/ Associate Entities

Argus Partners Is Advising In The Proposed Mega Merger Involving Tata Steel And Seven Of Its Subsidiary/ Associate EntitiesArgus Partners has acted and advised in the formulation of schemes and other related aspects in the proposed mega merger involving merger of seven of its subsidiary and associate companies into and with Tata Steel. The seven companies which are going to be merged into Tata Steel are (a) its listed subsidiaries Tata Steel Long Products, Tata Metaliks, The Tinplate Company of...

Thukral Law Associates Initiates An Awareness Campaign For Rights Of Homeless Animals

In an effort to protect the rights of the strays and those who feed them, Thukral Law Associates has initiated an awareness campaign. The goal is to spread awareness and make people conscious of the rights pertaining to the voiceless beings. Every day, numerous strays are being subjected to cruelties by the man-kind. Even though there are laws in force to adequately curb the issue, the lack of awareness is something that's preventing its proper implementation. By way of spreading ...

Luthra And Luthra Advises Sembcorp In Relation To Supply Of WTG And Development Of A 180.6 MW Wind Power Project In Karnataka

The Firm recently assisted Sembcorp (and its renewables subsidiary Green Infra Wind Energy Limited) in relation to finalising and executing equipment supply and project development agreements with Suzlon Group for (i) supply of 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each, (ii) execution of the project (including erection and commissioning) in relation to a 180.6 MW wind power project for Sembcorp's, to be located at...

S. K. Singhi & Partners Expands Its Footprint In Mumbai

Mumbai, 16.09.2022: S. K Singhi & Partners, a full-service reputed law firm, inaugurated its full-stack office at Mittal Court, Nariman Point today. Announcing vast expansion and growth plans in a town hall meeting with its associates, the Founder and Managing Partner, Shri S K Singhi, said the occasion marks the beginning of a journey towards becoming the nations leading Indian Law firm with solid foundations in the four pillars of honesty, integrity, truth and trust. The occasion...

NCLAT Held That RP Should Investigate The Veracity And Genuineness Of Claims In The Light Of Provisions Of IBC And Regulations 13 And 14 Of CIRP Regulations

In a significant development, while setting aside the order dated 17.06.2020 of Ld.' NCLT, Kolkata Bench, where the Ld.' NCLT dismissed the application of the P.M. Cold Storage Pvt. Ltd., having considered various documents submitted by New Hind Silk House Private Limited (NHSH) regarding its claim along with Form C and held that RP has considered and screened all the documents properly as per the provisions of IBC, and CIRP Regulations and further the allegations made by the Applicant...