Deal News
Borrowers Pays Full Compromise Amount: Allahabad High Court Directs Bank To Reconsider Wilful Default
The Allahabad High Court Bench, comprising of Justice Manoj Kumar Gupta and Justice Vikram D. Chauhan, while adjudicating a petition filed in Konarkagro Polytech Pvt. Ltd. & Ors. v Bank of Baroda & Ors., has directed the Bank to re-consider its decision of declaring the Borrowers (Petitioners) as wilful defaulters, as a One Time Settlement (OTS) was subsequently entered between the Bank and Borrowers and full compromise amount has been towards the Petitioner Company’s accounts....
Argus Partners Advises Commercial EV Distribution And Financing Platform ‘Turno’ In Raising $13.8 Million
Argus Partners acted as the legal counsel to ‘Turno’ (Blubble Private Limited), a commercial electric vehicle distribution and financing platform, on its USD 13.8 million Series A fund-raise.The Series A funding round was co-led by global venture capital firms B Capital and Quona Capital with participation from existing investors Stellaris Venture Partners and Avaana Capital and new investors, Alteria Capital and InnoVen Capital.Turno intends to use the funding to build a proprietary...
Argus Partners Advises Whiteboard Capital Fund In Apnaklub’s Series A Fundraise Of $16 Million
Argus Partners has acted as the legal counsel to Whiteboard Capital Fund in relation to its participation in USD 16 million Series A funding round of Octopolis Technologies Private Limited, which operates a B2B platform for FMCG products under the brand ‘ApnaKlub’.The Series A funding round was led by TrueScale Capital and ICMG Partners and also, witnessed participation from Flourish Ventures, Sequoia India’s Surge and Blume Ventures apart from Whiteboard Capital.According to ApnaKlub, the funds...
Corporate Generalist Attorney Prashanth Sabeshan Joins Link Legal As Partner
Prashanth is a graduate from the National Law School of India University, Bangalore (1997 batch) and is dual qualified as an advocate and a (non-practicing) solicitor in India and UK, respectively.With more than 24 years of experience, Prashanth specializes in general corporate, commercial contracts, infrastructure, construction, electricity, renewables and clean energy, oil & gas, ports, banking and project finance, foreign investments, real estate, regulatory and policy advisory sectors....
Argus Partners Advises BCCI In The Historic Women`s Premier League Teams Auction
Argus Partners has advised the Board of Control for Cricket in India (“BCCI”) in the historic Women’s Premier League (“WPL”) teams auction. The 5 (five) successful franchises for a collective bid value of Rs. 4,669.99 crore, comprise, Adani Sportsline Private Limited for Ahmedabad; Indiawin Sports Private Limited for Mumbai; Royal Challengers Sports Private Limited for Bengaluru; JSW GMR Cricket Private Limited for Delhi and Capri Global Holdings Private Limited for Lucknow. ...
The Emergence Of Deep-Tech Start-Ups
Technology and Science are ever changing and progressing. The basic technologies of today were once an ambitious vision of a past scholar/inventor. Right from the vaccine for the deadly Tuberculosis which took around thirteen years to be developed, to the vaccine for the novel coronavirus being developed in a record-breaking period of approximately one year, science has progressed. Such historic achievement can only be accomplished by the amalgamation of science and technology. Deep Tech ...
Saraf And Partners Advised TR Capital In Leading The Acquisition Of Majority Stake In Special Purpose Vehicle From Samara Capital Fund 2.
Saraf and Partners advised TR Capital in the acquisition of majority stake in a $150 million Special Purpose Vehicle which would hold investment in Sahajanand Medical Technologies Limited (SMT), a leading global developer and manufacturer of cardiovascular devices, FirstMeridian Business Services Limited (FM), which is market leader in staffing and HR solutions, and Paradise Food Court Private Limited, which runs the Hyderabad-based biriyani chain restaurants. The transaction...
Karan S. Thukral Executes Co-Operation Agreement With B.G. Ventures, New York As A Foreign International Partner
The Law Offices of Karan S. Thukral having its head office in Delhi has recently entered into an 'Agreement of Co-operation' with BG Ventures: a USA based international firm offering business services to its clients globally. The said Collaboration has been executed between the two firms through their managing heads, Mr. Karan S. Thukral and Ms. Maryia Yarkina. This partnership is expected to provide lucrative services in terms of extended business jurisdictions and a one stop...
Raj Dev Singh, Former Partner, King Stubb & Kasiva Joins The Young Jurist (TYJ) As Senior Equity Partner (Senior Jurist)
Raj is now leading the Commercial, Compliance & Corporate practices of TYJ from its Head Office in New Delhi, India. Raj Dev Singh has joined The Young Jurist (TYJ) – Jurist, Advocates & Solicitors, a full-service national law firm as Senior Equity Partner (Senior Jurist) to reinforce the firm’s Commercial, Compliance & Corporate practices. Mr. Singh has over a decade long experience in handling a wide range of matters in corporate, commercial, civil, and cross-border...
Kochhar & Co. Acted As Lender’s Legal Counsel In Connection With The Financial Assistance Availed By Radiance Renewables Group
Kochhar & Co. advised and acted for NIIF Infrastructure Finance Limited in connection with financial assistance availed by two (2) SPVs of the Radiance Renewables Group for its renewable energy portfolio with operations in two Indian states namely Karnataka and Tamil Nadu.The transaction was led by Partner, Parul Verma and assisted by Senior Associate Swapnil Sant.
Argus Partners Advises BCCI In The Historic Women Indian Premier League Media Rights Auction For The 2023-2027 Cycle
Argus Partners has advised the Board of Control for Cricket in India (BCCI) in the historic Women’s Indian Premier League (WIPL) media rights auction for the 2023-2027 cycle. Pursuant to the bidding process, Viacom18 Media Private Limited, emerged as the successful bidder for the consolidated bid for the media rights (i.e., Global Televisions Rights and Global Digital Rights) for a cumulative figure of INR 951 crores (i.e., INR 7.09 crores per match). Speaking on the development, the...
Office Of Karan S. Thukral Collaborates With The International Law Firm- S. Constantinou & Associates LLC
Thukral Law Associates has lately entered into an 'Agreement of Co-operation' with S. Constantinou & Associates LLC in the capacity of its foreign counter-part. The agreement has been executed between the two law firms through their heads, Mr. Karan S. Thukral and Ms. Sofia Constantinou; aiming at providing efficient and cost-effective services to the pool of clients. Clients who are faced with problems pertaining to documentation, access to local services, cultural differences,...