Vasanth Rajasekaran Leaves Phoenix Legal With Team To Establish Trinity Chambers

Vasanth Rajasekaran leaves equity partnership at Phoenix Leal to establish Trinity Chambers.Vasanth Rajasekaran (Founder and Head of Chambers – Trinity Chambers) On setting up Trinity Chambers, Rajasekaran said: "After a wonderful stint at Phoenix Legal, I along with my team members Saurabh Babulkar and Harshvardhan Korada have decided to move on from the firm to establish a dedicated litigation chamber. I am pleased to announce the opening of Trinity Chambers, a specialised...

Delhi High Court: Petition Under Article 227 Is Not Maintainable Against An Interim Order Passed By The Arbitrator If It Can Be Challenged U/S 34 Of The A&C Act

Facts of the case: In a domestic arbitration between Siddhast Intellectual Property Innovations Pvt. Ltd. (Siddhast) and Controller General of Patents, Designs & Trademarks, (CGPDT), while filing its Statement of Defence, CGPDT had also filed its Statement of Counter-claims against Respondent No. 1 - Siddhast along with an application under Order 1 Rule 10 CPC to implead a French company Questel SAS as Respondent No. 2 in its Counter-Claims only on the basis of a "Consortium...

Argus Partners Advises Medgenome In Its In Its USD 50 Million Series D Fund-Raise

Argus Partners has acted as the legal counsel for MedGenome, a Bengaluru based genetic diagnostics, research and data company, in its USD 50 million Series D fund raise, led by Novo Holdings.In consequence to the investment, Novo Holdings will gain a minority stake in MedGenome.Speaking on the investment from Novo Holdings, MeGenome in their statement have stated that, "Novo's investment will strengthen MedGenome's scale beyond India and South Asia into Africa and the Middle East and democratise...

Luthra And Luthra Advises Azure On 346 MW WTG Procurement From Siemens Gamesa

Luthra and Luthra Law Offices India assisted Azure Power Global Limited, a leading independent sustainable energy solutions provider and renewable power producer in India, in relation to finalizing and executing the Master Supply Agreement ("MSA") and related contracts with Siemens Gamesa Renewable Power Private Limited ("Siemens Gamesa"), for the supply of 96 units of SG 3.6-145 onshore wind turbines which will cater to an overall capacity of ~346 MW wind projects.The transaction team was led...

AAA-ICDR Announces The Appointment Of New Director-Asia Case Management Centre

Ms. Aastha Chawla, an Indian qualified lawyer, joins International Centre for Dispute Resolution (ICDR) as Director-Asia Case Management Centre (CMC). She is an experienced specialist in dispute resolution with significant experience in providing legal services to a broad range of Indian and international clients. The ICDR is the international division of the largest arbitral institution in the world, the American Arbitration Association (AAA). Drawing on the AAA's 96+ years of...

Luthra And Luthra Acted For IREDA In Separate Two Transactions Having A Gross Value Of INR 1150 Crores

Luthra and Luthra Law Offices India recently acted as Lenders' Legal Counsel for Indian Renewable Energy Development Agency Limited (IREDA) in connection with financial assistance aggregating up to INR 750 Crores and INR 400 Crores made available to Renew Jal Urja Private Limited, and Pioneer Power Corporation Limited and Pioneer Genco Limited, respectively. The amount will be utilized for the purpose of financing the hydropower projects in the state of Karnataka and Uttarakhand. The...

Customers Cannot Suffer Due To Your Technical Glitches Of Revenue Department, States Division Bench Of Bombay High Court To Chief Controlling Revenue

Bombay High Court Snubs Chief Controlling Revenue Authority To Not Only Adjust The Stamp Duty Paid But Also Directed Them Stating That The Power Company Is Not Liable To Pay A Wrong Penalty A precedent is laid down by the Hon'ble Bombay High Court in the Writ Petition No. 1007 of 2018, wherein the Division Bench of His Lordship Hon'ble Justice Shri S.V. Gangapurwala and His Lordship Hon'ble Justice Shri Madhav J. Jamdar vide their order dated 22nd August, 2022 have directed the Chief...

Insolvency And Bankruptcy Code, 2016 Will Prevail Over Customs Act, 1962

The Supreme Court has passed a landmark decision today in the matter of "Sundaresh Bhatt vs. Central Board of Indirect Taxes & Customs" [Civil Appeal No. 7667 of 2021] and held that the provisions of the Insolvency and Bankruptcy Code, 2016 ("Code") will prevail over the provisions of the Customs Act, 1962 ("Customs Act") and consequently set aside the order of the National Company Law Appellate Tribunal ("NCLAT"). The appeal was filed by the Liquidator of ABG Shipyard Ltd....

Dua Associates Advises SWAMIH Investment Fund I For Its Rs 90 Crore Funding Of Nav Grih Developers Private Limited For Meerut Project

The affordable housing segment has been among the front-runners in terms of growth in the real estate sector. Dua Associates advised and assisted SBICAP Ventures Limited as the investment manager of SWAMIH Investment Fund I, in relation to its funding of Nav Grih Developers Private Limited for the stalled real estate Project Sikka Krissh Greens located in, Meerut, Uttar Pradesh. Dua Associates' team for Corporate Due Diligence and Documentation was led by Prateek Bedi, Partner,...

Luthra And Luthra Advise O2 Power In Its Acquisition Of Solar Power Portfolio In Karnataka And Telangana

Luthra and Luthra Law Offices India assisted O2 Power Singapore (a renewable energy platform backed by EQT Infrastructure and Temasek) in relation to the acquisition of a portfolio of solar power plants (comprising 5 solar projects with a cumulative capacity of 55 MW) from a Bengaluru-based solar panel manufacturer Emmvee Photovoltaic Power.The plants are situated in Karnataka and Telangana and have an aggregate installed capacity of 55 MW, comprising of captive C&I solar project (selling...

Argus Partners Advises Piramal Capital And Housing Finance Limited In Connection With Its Investment In Earlysalary

Argus Partners has acted as the legal counsel to Piramal Capital and Housing Finance Limited in connection with its investment in fintech start-up, 'EarlySalary'.EarlySalary has raised close to $97 Mn (Rs. 775.4 Crores) in the funding round which also saw participation from TPG Growth and Norwest Capital.The Argus Team consisted of Vinod Joseph (Partner) and Aryan Mohindroo (Associates).

Argus Partners Advises Exponent Energy On Raising USD 13 Million In Its Series A Funding Round

Argus Partners has acted as the legal counsel to an electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited), on raising USD 13 million in its Series A funding round. The funding round was led by Lightspeed, with all existing institutional investors such as YourNest VC, 3one4 Capital and AdvantEdge VC also participating.The Argus Team consisted of Ankit Guha (Partner), Shabareesh Suresh (Principal Associate) and Prachi Tiwary (Associates).