Dua Associates Mumbai Represents Alliance Mall Developers Pvt Ltd In Raising INR 900 Million As Debt Funding

Mumbai March 23, 2022: Real estate sector has weathered the impact of the pandemic and now making a strong comeback. In line with this, Dua Associates' Mumbai office has acted for Alliance Mall Developers Pvt Ltd which is in the Real Estate and Renting business, (a subsidiary of publicly listed Prozone Intu Properties Limited) in raising INR 900 million as debt funding from SWAMIH Investment Fund I - a special window created to provide priority debt financing for the completion of stalled...

Link Legal Advised JSW Foundation In Participating As A Member Of The Skill India Impact Bond Launched By The National Skill Development Corporation (NSDC)

Link Legal represented and advised JSW Foundation in participating as a member of the Skill India Impact Bond, a first of its kind and India's largest impact bond, launched by the National Skill Development Corporation (NSDC).The SIIB will support 50,000 young people in India over four years, 60 percent of whom will be women and girls and provide them with skills and training and access to wage-employment in Covid-19 recovery sectors including retail, apparel, healthcare and logistics. The...

Allahabad High Court provides relief in a FIR Registered against the co-founders of Cars 24

In a big relief to the co-founders of the Cars 24 Services Ltd., the Allahabad High Court issued an order to stay any coercive against the co-founders of the company till next three months in a case related to the sale of forged documents pertaining to a pre-owned car. The co-founders of the company were represented by Karanjawala & Co.The FIR has been registered against the co-founders under Sections 405, 420, 467, 471, 504, 506 and 120-B IPC. Essentially, the case against the co-founders...

Link Legal Advised InYantra In Its Acquisition By Volex

Link Legal represented and advised InYantra Technologies Private Limited ("InYantra") and its shareholders, in acquisition of (i) 51% shares of InYantra by Volex Interconnect Indian Private Limited, the Indian subsidiary of Volex PLC ("Volex"); and (ii) 4% shares of InYantra by Boundary Holdings India Private Limited, a subsidiary of Boundary Holdings, a UK based firm ("Boundary"). The ticket size of the deal is approximately USD 8 million consisting of both primary and secondary investments....

Kotak's Ex - GC Joins Chandhiok & Mahajan To Enhance Banking, Finance And Corporate Governance Practice

New Delhi, Delhi: Chandhiok & Mahajan has welcomed this year with the hiring of Bhargesh Ojha as a Senior Advisor in the Banking, Finance, and Corporate Governance practice.Ranked as Top 100 GC's by Legal500 in India, Bhargesh brings with him an unmatchable experience of three decades in the banking and finance sector. Before joining C&M, Bhargesh has been independently consulting financial and non-financial institutions on risk analysis, corporate laws, BFSI regulations, real...

Obhan & Associates Acted As The Legal Counsel To Pine Labs Limited, Singapore, In Its Acquisition Of Qfix Infocomm Private Limited

Obhan & Associates acted as the legal counsel to Pine Labs Limited, Singapore, in its acquisition of Qfix Infocomm Private Limited, a Mumbai based end-to-end cloud platform delivering online integrated payments and billing services to multiple sectors.A leading merchant commerce platform, Pine Labs serves prominent large, mid-sized and small merchants across India and Southeast Asia. The company's leading cloud-based software platform enables it to offer a wide range of payment acceptance...

I-Pay Clearing Services: Shedding Light On The Scope Of Section 34(4) Of The Arbitration Act

1. Section 34(4) of the Arbitration and Conciliation Act, 1996 ("1996 Act") empowers a court, where it considers appropriate, and on request made by a party, to adjourn the proceedings for setting aside the award for a period of time determined by the court. The purpose is to give the arbitral tribunal an opportunity to take steps that would eliminate the grounds for setting aside an award. 2. This article intends to examine the scope of exercise of power by a court under Section...

Obhan & Associates Advises Anand Kashi Hospitality LLP On IHCL SeleQtions Resort Transaction

Obhan & Associates acted as the legal counsel to Anand Kashi Hospitality LLP in signing of a hotel management contract with the Indian Hotels Company Limited under the brand "IHCL SeleQtions" for their property in Rishikesh, Uttarakhand.Anand Kashi Hospitality LLP is represented by Mrs. Mira Kulkarni, Managing Director of the luxury Ayurveda brand, Forest Essentials. The operating resort was earlier called 'Glasshouse by the Ganges' and was managed by Neemrana Hotels. The resort will now be...

Top Lawyers And Architects Appointed For Dindoshi Nagar MHADA Layout By Union.

DINDOSHI NAGAR CO-OP HSG. SOCIETIES UNION LIMITED, is upcoming redevelopment project on MHADA Plot. MHADA had constructed chawls/buildings and allotted the tenements to people belonging to Economical Weaker Section and Low Income groups in the year 1980. The Union comprises of approximately 33 Co-op Housing Societies, one of the largest in the suburbs and is widely spread across 53206.09 Sq. meters of plot area. The tendering project will start soon and redevelopment of Approx. 15...

Solicis Lex Advisory Appointed Advocates And Solicitors To Shreenagar Sector 8 Co-op Housing Societies Federation

Solicis Lex Advisory were appointed Advocates and Solicitors to Shreenagar Sector 8 Co-op Housing Societies Federation, one of the largest upcoming Redevelopment Project adjoining Mumbai in Thane District. This federation comprises of approximately 29 Co-operative Societies and is widely spread across 32,471.64 Sq meters plot area.The tendering process will start soon and the Redevelopment shall be for approx. 9,00,000 sq feet minimum. Top Developers from the country will be invited through a...

Mitali Mehta Re-joins Desai & Diwanji as a Partner in the Corporate Practice.

Former Principal Associate at Cyril Amarchand, Mitali Mehta has re-joined Desai & Diwanji as a Partner in the Corporate Practice.She has over 14 years of experience in advising a wide range of clients on private equity and M&A transactions across various sectors including pharma, financial services, infrastructure, etc. Mitali was with the Mumbai office of Amarchand Mangaldas (and thereafter Cyril Amarchand Mangaldas) for 9 years. This is her second innings at Desai & Diwanji,...

Obhan & Associates Represents Addverb Technologies Co-Founder On Equity Sale During Acquisition By Reliance Retail

Reliance Retail Ventures Limited, the retail unit of Reliance Industries Limited, has acquired a 54% stake in Addverb Technologies Private Limited, a Noida-headquartered robotics and automation solutions provider, for approximately $132 million. Addverb Technologies provides machinery and solutions for automation, robotic systems and robots catering to industries such as e-commerce, health, aviation, retail, grocery, fashion, third-party logistics, pharmaceuticals and auto parts. Post the...