Anand & Naik To Chart New Course Following JV Formalisation

JV is precursor to broader alliance across India covering wide spectrum of areas from IP & media to sporting & fashion Naik Naik & Co, a leading Mumbai-based full-service law firm, has formalised a joint venture agreement with Anand and Anand, a leading intellectual property (IP) law firm of India at Delhi, for the Mumbai region. The joint venture, Anand and Naik, will take effect from 1 July 2022. Naik Naik & Co will hive off its media & entertainment and IP...

Argus Partners Advises TheDataTeam And Its Promoters On The Acquisition Of TheDataTeam By Lentra Al Private Limited

Argus Partners acted as the legal advisor to TheDataTeam and its promoters, in connection with its acquisition by Lentra AI Private Limited ("Lentra"). TheDataTeam is engaged in the business of providing AI based platform solutions which are used for monetizing customer data under the brand name Cadenz.ai. Lentra provides AI based technology platforms to banks to help create tailored lending products.The Argus Team consisted of Vinod Joseph (Partner), Smriti Tripathi (Senior Associate), Anurag...

Link Legal Advises Malpani Group On The Acquisition And Debt Resolution Of Imagicaaworld Entertainment Limited Under RBI's Prudential Framework

Link Legal advised the Malpani Group, an acclaimed name in the FMCG & Hospitality industry in the Country, on structuring and acquisition of Imagicaaworld Entertainment Limited (IEL), an entity promoted by Mr. Manmohan Shetty and listed on the Indian stock exchanges.This structured Transaction stands out as one of India's first few successful resolutions in the listed space outside the IBC domain, involving resolution of a stressed account through assignment of debt coupled with acquisition...

Lavin Hirani Joins MDP & Partners, Advocates & Solicitors, In Its Media, Entertainment And Technology Vertical

MDP & Partners, Advocates & Solicitors, has announced the joining of Lavin Hirani in its media, entertainment and technology vertical at the firm's new office located in Bandra West, Mumbai to bring itself in close proximity to its clientele in the suburbs and at the heart of the entertainment industry.Having worked closely with the media sector for over 12 years specializing in media, entertainment and technology laws, Lavin has advised some of the leading local and international...

Sinha & Co. Comes Together With S. Majumdar & Co, Forms JV, Majumdar & Sinha.

Headquartered in Kolkata, with an office in the National Capital Region, Sinha & Company, Advocates the three-decade old full-service disputes law firm announced its intention to foray into the realm of intellectual property ("IP") litigation before courts in India. To effectuate this expansion, the firm spearheaded by Mr. Paritosh Sinha, has entered into a joint-venture agreement with S. Majumdar & Co – a reputed IP law firm – to set up an independent entity under the aegis of 'Majumdar...

Argus Partners Advises HDFC Life Insurance On Their Fund Raise Of Rs. 350 Crore Via NCDs

Argus Partners has advised HDFC Life Insurance Company Limited on raising of funds through issuance of listed non-convertible debentures for an aggregate amount of Rs. 350 crore on private placement basis.HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as protection, pension, savings and investment and health, along-with children's and women's plan. The Argus...

PEPUL App Case

A Chennai Court on June 13, 2022, directed the registration of an FIR against Mr. Suresh Kumar Gunasekaran and Mr. George Sargunaraj Christopher, the founders of "PEPUL", a fast-growing social networking Application recently launched in India. Reportedly, a lot of political and other renowned personalities have made investments towards the development of the said app. It is believed that daughter of a South-Indian superstar is also one of the investors in the said app. The FIR was...

S. Majumdar & Co. Partners With Sinha & Company To Form A Joint Venture, MAJUMDAR & SINHA

S. Majumdar & Co., an exclusive IPR law firm, headquartered at Kolkata, has partnered with Sinha and Company, Advocates known for their general law practice to form a joint venture firm by the name of MAJUMDAR & SINHA, IPR Lawyers to provide seamless representational IPR litigation services before the Hon'ble High Court at Calcutta. While S. Majumdar & Co., and Sinha and Company will continue to retain their individual identities and continue to service Clients, all forms of...

Stratage Law Partners Moves To A Larger Office At Nariman Point

Stratage Law Partners has shifted to a swanky office at 156 ABC, Maker Chambers III, Nariman Point, Mumbai 400021. The move to a larger office stems from the Firm's fast growth in the last year and will enable them to maintain closer contact with their clientele. The Firm states the move as a new and exciting development as the additional space and infrastructure would allow for improved collaboration among its team members and holistically serve its clients and business partners.Darshan...

NCLT – All Ongoing Legal Proceedings And Initiation Of Fresh Legal Action In Respect Of Any Debt To Remain Stayed During The Interim Moratorium Period

In IFCI Limited v. Manoj Toshniwal (C.P. No. 319/KB/2021), the National Company Law Tribunal, Kolkata Bench ("NCLT") stayed the application filed by IFCI Limited ("IFCI") under Section 95 of the Insolvency and Bankruptcy Code, 2016 ("Code") against the personal guarantor of the corporate debtor on the ground that as per Section 96 of the Code, all pending legal action or initiation of fresh legal proceedings against all the debts, including personal debts, shall remain stayed during the...

Supreme Court Orders Status Quo In Plea By PSA SICAL Terminals Limited

The Supreme Court of India has, in a special leave petition filed by the Cargo Terminal Operator PSA SICAL Terminals Limited [PSA SICAL Terminals Limited v. Union of India & Anr.], today passed an order issuing notice to the Respondents, i.e., the Ministry of Shipping and the Chidambaranar Port Trust and further directing that a status quo be maintained between the parties. PSA SICAL has been embroiled in a contentious litigation, since the year 2014, over the tariff charges and...

Argus Partners Advised BCCI In The Historic IPL Media Rights Auction For The 2023-2027 Cycle

Argus Partners has advised the Board of Control for Cricket in India ("BCCI") in the historic Indian Premier League ("IPL") media rights auction for the 2023-2027 cycle.The BCCI has sold the IPL TV and digital rights for the Indian subcontinent for a combined amount of Rs. 48,390 Crores (Source: The Economic Times). The bid for the TV rights in the Indian sub-continent for IPL has been won by Disney Star while Viacom18 has won the digital rights for the same (Source: The Economic Times).This...