Argus Partners Advises Fitterfly Healthtech On Raising $12 Million In Series A1 Funding Round

Argus Partners has acted as a legal counsel for Fitterfly Healthtech Private Limited ("Fitterfly") in its Series A1 round led by Amazon Smbhav and Fireside Ventures. Fitterfly raised USD 12 million in this round.The Argus team consisted of Ankit Guha (Partner), Utsav Gandhi (Senior Associate) and Ravi Thakur (Associate).

Delhi High Court Rejects Commercial Bank Of Kuwait's' Application For Deletion In A Suit On The Ground Of Lack Of Jurisdiction

The Delhi High Court has rejected an application under Order 1 Rule 10 filed by Commercial Bank of Kuwait, whereby the Bank of Kuwait was seeking deletion of its name from the array of parties in a Suit for recovery instituted by a Plaintiff Company based in New Delhi. The Plaintiff had entered into a transaction for the export of wholesale food items with a Kuwait-based Company. It was agreed between the Parties, as is common in international transactions, that the payment of goods...

Argus Partners Advises CRED On Raising $140 Million In Series F Funding Round

Argus Partners has acted as the legal counsel to fintech unicorn, CRED (Dreamplug Technologies Private Limited), on raising USD 140 million in its Series F funding round with a post money valuation of USD 6.4 billion. The Argus Team consisted of Abhinav Bhalaik (Partner), Mahika Parikh (Principal Associate), Riya Gupta and Megh Panchal (Associates).

L&L Partners Advises Howden India On Its Sale Of 46% Equity To Howden UK

The Firm advised Praveen Vashishta, the CEO and MD of Howden Insurance Brokers Private Limited, on sale of his 46% equity stake in Howden India.Howden is the largest non-US broker globally, and one of the biggest international insurance brokers in India. Howden India has been a highly successful joint venture for 19 years with Praveen at the helm. In a heavily regulated and restricted market, once the government permitted 100% FDI in insurance intermediaries under the automatic approval route,...

SC Refuses To Interfere With The Selection Process Of The West Bengal Central School Service Commission For The Appointment Of Assistant Teachers - 11 SLPs Dismissed.

In a very significant development, the Hon'ble Supreme Court of India refused to interfere with the selection process for appointment to the posts of Assistant Teachers in the State of West Bengal conducted by the West Bengal Central School Service Commission during the period 2013 – 14. Several hundred unsuccessful candidates had approached the Hon'ble Apex Court challenging the Orders passed by the Ld. Single Judge and Ld. Division Bench of the Hon'ble High Court at Calcutta dismissing...

Axis Finance Limited Vs. Orbit Venture Developers: City's Top Builder Is Absconding!

Axis Finance Limited vs. Orbit Venture Developers & Ors. was once again listed before the before the Hon'ble Division Bench headed by Hon'ble Shri Justice K. R. Shriram in Cr. No.13.The Respondent No. 2 & 3 i.e. Rajen Dhruv & Hiren Dhruv were not present in the Court.It was informed to the Hon'ble Court by the Advovate representing both the directors that he wishes to withdraw his Vakalatnama. He further informed the Hon'ble Court that both the directors are not reachable & may...

L&L Partners Grow Synonymously To 60 Partners And Over 300 Members With The Hiring Of Sinha And Sen From SAM And Verus

With the recent hire of Shivani Sinha as a Partner in the Restructuring and Insolvency practice and the incoming of Krishnayan Sen in the Disputes Resolution space, the Firm has boosted its Partner count to 60 and inducted fresh recruits taking the total count to 320 members. Sinha, a prodigy in restructuring and finance matters joins Luthra from Shardul Amarchand Mangaldas & Co. and earlier worked with Link Legal. A graduate of Symbiosis Law School, Pune, Shivani has represented...

L&L Partners Advises HealthQuad To Lead The Series B Investment In Wysa

L&L Partners advised HealthQuad in the Series B round of USD 20 million in Wysa, an artificial intelligence-based mental health platform.The Firm was involved in originating the transaction documents, negotiating thereon, advising the company on legal and secretarial compliances, and running the pre-and-post closing aspects of the transaction. As part of the transaction, the Firm further advised on issues involving data privacy as well.The transaction and the diligence team comprised of...

Dua Associates: Promotions 2022

Among the nearly 20 legal professionals recently promoted at Dua Associates, the firm has announced the elevation of Principal Associates Aniketh B.C. and Vinuth Gowda to Non-equity Partners effective April 1, 2022. The Firm has always been quick to recognize merit and talent and this promotion acknowledges the newly minted Partners' strong work ethic and commitment that have helped them move into this new position.They are both based at Dua Associates' Bangalore office and will continue to...

Canara Bank Initiates Proceedings For Recovery Of Rs. 408.83 Crores Against Reliance Infrastructure Limited Before The Debt Recovery Tribunal, Mumbai.

Canara Bank has filed an Original Application being O.A 116 of 2022 ("O.A") against Reliance Infrastructure Limited ("RIL") for recovery of an aggregate sum of Rs. 408.83 Crores in view of defaults committed by RIL. In the present case, RIL has created securities in favour of Canara Bank by way of mortgage upon the properties under loan facility documents. Further, Delhi Airport Metro Express Pvt. Ltd. ("DAMEPL") is a fully owned subsidiary of RIL, wherein RIL is having 99.95% of...

Saraf And Partners Celebrates S&P Day To Commemorate The Completion Of One Year, Announces New Promotions/Appointments

Saraf and Partners, a premier full service Indian law Firm, completed its first year of establishment on 18 July 2022. On this day, the Firm came together to celebrate its first anniversary (S&P Day) - a journey of awakening, inclusivity and legal excellence. In the last year, the Firm has grown rapidly and has earned tremendous amount of goodwill in the legal fraternity. To mark the occasion, all three offices of the Firm got together to take part in the Firm's Annual Day ...

Link Legal Advised Doncasters Group Of Companies In Relation To The Indian Element Of Its Acquisition Of Uni-Pol Group Of Companies.

Link Legal represented and advised Doncasters Group of Companies ("Doncasters") in relation to the Indian element of its acquisition of Uni-Pol Group of Companies ("Uni-Pol").Doncasters is a leading international manufacturer of high-precision engineering components. It has production facilities across Europe and the US and has market-leading specialist capabilities. Uni-Pol is a global business specialising in the manufacture of superalloy cast parts and has four manufacturing facilities in...