Argus Partners Advises Polygenta Technologies Limited On The Investments In It By DEG And IFU

Argus Partners has advised Polygenta Technologies Limited (a leading PET recycling company engaged in sustainable circular economy) ("Polygenta"), on Indian law aspects on the external commercial borrowing raised from DEG - German Investment and Development Company mbH and Danish development financier IFU.Polygenta produces PET chips and sustainable filament yarns for the textile industry from used disposable PET bottles. Customers include several well-known international fashion and sportswear...

Argus Partners Advises Tata Steel Limited In Their Bid To Acquire Rohit Ferro-Tech Limited Through Its Wholly-Owned Subsidiary, Tata Steel Mining Limited

Argus Partners has advised Tata Steel Limited in their bid to acquire Rohit Ferro-Tech Limited through its wholly-owned subsidiary, Tata Steel Mining Limited ("TSML"), under the aegis of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal, Kolkata has on April 7, 2022, approved the resolution plan of TSML.Commenting on the development, T.V. Narendran, Managing Director & CEO of Tata Steel Group, told The Telegraph: "It (the acquisition) helps us consolidate our...

Whether An Amendment Application To Include A Relief Which Is Otherwise Time-Barred Can Be Allowed? SC To Consider

Whether an amendment application to include a relief which is otherwise time-barred can be allowed? The Supreme Court to consider The Supreme Court on Friday issued notice in a Petition where the central issue involved was whether a Plaintiff can file an amendment application to include a relief which would otherwise be barred under the Limitation Act 1963. Alternatively, the Petition also raised the issue of whether an amendment application seeking the inclusion of new reliefs, would...

Poet Ravi Shankar Retains Karan S. Thukral, Advocate As His Legal Counsel For Defamation Claim Against Scroll Media Incorporation

Writer, Poet, Editor and a Professor, Mr. Ravi Shankar, through his legal representative Mr. Karan S. Thukral, Advocate has issued a Legal Notice to the CEO and Editor-in-Chief of the Scroll Media Incorporation against an alleged defamatory article resurfacing on their website. Shankar has been called a diaspora icon by the 'Hindu' and "one of America's finest youngest poets" by former Connecticut poet laureate Dick Allen. He has been an epitome for propounding Indian literature and...

C&M Advises Jimmy's Cocktail In Their Pre-Series A Fund Raise Of INR 14 Crores

New Delhi, DelhiChandhiok & Mahajan advised Radiohead Brand Private Limited ("Company"), which owns and operates the famous beverage brand, Jimmy's Cocktail, in their pre-series A fundraise from Roots Ventures (Lead Investor), Angel List and other investors. Investors invested in the pre-series A round of the Company by way of subscription to compulsorily convertible preference shares of the Company. Before this funding round, the Company already had more than 15 investors who...

S. Jalan & Co. Rejigs Its People – Equity Partnership & CEO Appointment Amongst Other Promotions

S. Jalan & Co., tracing its origin to 1950, is one of India's oldest and best-known firms.ItsFounder, Late Mr. Shyamanand Jalan, a Senior Solicitor, was a legendary figure in the Indian legal circle for his involvement as Solicitor in the Calcutta High Court and Supreme Court matters and his work as a leading Real Estate Law Expert. Today the firm boasts of Eight Partners, Three Associate Partners with a total talent count of Sixty-six attorneys and other staff executives, including...

Telangana Becomes The 1st State To Designate IAMC, Hyderabad As The Arbitral/Mediation Institution In All Contracts Above 3 Crores

The Law Department of Government of Telangana, on 17.03.2022 issued an OrderdesignatingInternational Arbitration and Mediation Centre (IAMC), Hyderabad as the arbitral /mediation institution in all contracts above 3 crores where the Ministries, Departments, Public Sector Companies and other entities controlled or managed by the Government of Telangana are a party. The said Order has been issued in furtherance of a Memorandum of Understanding (MoU) which was entered between the...

JoyceLaw Represented CityMall In Raising USD 75 Million In Series C funding, Led By Norwest Venture Partners

JoyceLaw represented CityMall, a community-based e-commerce venture, in raising USD 75 million in Series C funding, led by Norwest Venture Partners. This round also saw participation from General Catalyst, Citius, Jungle Ventures and Arena Ventures, Elevation, Accel and Waterbridge Ventures.Founded in 2019, by Angad Kikla and Naisheel Verdhan, CityMall is a homegrown community-based e-commerce platform targeted at consumers in tier II, III and IV towns and provides income opportunities to a...

Delhi High Court Passes Injunction Order Against Sithara Entertainment &Ors.

In or around March 2020, JA Entertainment Pvt Ltd, had entered into discussions with Gold Coin Motion Picture Company, for obtaining Hindi remake rights in respect of the Malayalam language film titled "Ayyappanum Koshiyum"originally released on 7th February 2020, and which was considered a commercial success in the South-Indian Film Industry. As a consequence, Hindi remake rights for the film was assigned by Gold Coin Motion Picture Company in favour of JA Entertainment Pvt Ltd., making it the...

Partner Promotions At Argus Partners

Aastha, Adity Chaudhury and Arka Majumdar have been elevated to Equity Partnership and Somdutta Bhattacharyya have been promoted as a salaried Partner w.e.f. April 1, 2022. Aastha is one of the core members of the Firm's Banking & Finance and Restructuring & Insolvency practice in Mumbai. She is one of the members of the Firm who has been involved in the journey of the Firm since its inception in 2009. Aastha holds extensive experience of over 13 years in handling various...

Bandra's New Mig Colony On Mhada Land Goes For A Face Lift Through Cluster Redevelopment, Appoints Leading Pmc And Lawyers''

Bandra will soon have a posh neighbour on MHADA land. The New MIG Colony in Bandra East near the Station has just appointed Mr Nikhil Dixit from MHADA's Panel Architectas Project Management Consultant and M/s Solicis Lex Advisory as their Lawyers. The new MIG co-operative housing association limited, is association, recently formed in the year 2021, presently consists of 6 (six) buildings and is the lessee of MHADA with approx. 6408.05 sqmtrsand a total of approx. 9008 sqmtrs....

Dua Associates Completes 4 Back-To-Back Transactions For Fourth Partner Energy

Bengaluru/ Hyderabad, March 2022: Contributing to India's move towards achieving its Clean Energy goals, Dua Associates team of Partners Manoj Menon and Sharan Balasubramanian completed three transactions on behalf of client Fourth Partner Energy Private Limited, India's leading distributed solar energy firm focusing on building and financing solar projects. The completed deals include advising the client on the financial facility availed by them from Investec and CDC Group and...