Deal News
Luthra And Luthra Advise O2 Power In Its Acquisition Of Solar Power Portfolio In Karnataka And Telangana
Luthra and Luthra Law Offices India assisted O2 Power Singapore (a renewable energy platform backed by EQT Infrastructure and Temasek) in relation to the acquisition of a portfolio of solar power plants (comprising 5 solar projects with a cumulative capacity of 55 MW) from a Bengaluru-based solar panel manufacturer Emmvee Photovoltaic Power.The plants are situated in Karnataka and Telangana and have an aggregate installed capacity of 55 MW, comprising of captive C&I solar project (selling...
Argus Partners Advises Piramal Capital And Housing Finance Limited In Connection With Its Investment In Earlysalary
Argus Partners has acted as the legal counsel to Piramal Capital and Housing Finance Limited in connection with its investment in fintech start-up, 'EarlySalary'.EarlySalary has raised close to $97 Mn (Rs. 775.4 Crores) in the funding round which also saw participation from TPG Growth and Norwest Capital.The Argus Team consisted of Vinod Joseph (Partner) and Aryan Mohindroo (Associates).
Argus Partners Advises Exponent Energy On Raising USD 13 Million In Its Series A Funding Round
Argus Partners has acted as the legal counsel to an electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited), on raising USD 13 million in its Series A funding round. The funding round was led by Lightspeed, with all existing institutional investors such as YourNest VC, 3one4 Capital and AdvantEdge VC also participating.The Argus Team consisted of Ankit Guha (Partner), Shabareesh Suresh (Principal Associate) and Prachi Tiwary (Associates).
Luthra and Luthra Law Offices India Acts As Indian Legal Counsel For FS India Solar Ventures Private Limited
Luthra and Luthra Law Offices India acted as Indian legal counsel for FS India Solar Ventures Private Limited in relation to the financing made available by United States International Development Finance Corporation for an amount of US$500 million to the Borrower for the purpose of financing development and construction of the 3.3GW-per-annum cadmium telluride solar module manufacturing facility at the Pillaipakkam Industrial Park located in the state of Tamil Nadu. This was the first...
Illegal Kidney Transplantation Accused Gets Bail In Money-Laundering Case
Dr Amit Kumar Raut @ Amish Raval allegedly received Rs. 89 lakhs for committing illegal Kidney transplantation at Gangotri Hospital, Dehradun. In this case, the ECIR was registered by the Directorate of Enforcement on 03.10.2017. However, the complaint for the alleged offence was filed before the Special Court-PMLA, Tis Hazari Court, Delhi, on 14.03.2022. The Special Public Prosecutor strongly opposed the bail by stating that in the case of VijayMadan Lal Choudhary V. Union of India,...
Luthra And Luthra Becomes The Only Indian Law Firm In India That Has Acted As Counsel For Three Bond Issuances For A Renewable Energy Invit.
The Firm's Banking and Finance team recently advised ICICI Bank Limited and Yes Bank Limited (the "Arrangers") in connection with the private placement of up to 500 secured, rated, listed, redeemable, non-convertible debt securities aggregating up to INR 50,00,00,000 (Rupees Fifty Crores) by Virescent Renewable Energy Trust (the "InvIT") (the "Issue").The Firm was involved in drafting, reviewing, negotiating and finalizing the debenture documents including the debt security trust deed, security...
Dua Associates Advises BLS E-Services Private Limited In Its Acquisition Of Zero Mass Private Limited
BLS E- Services Private Limited (BLS) acquired close to 90 per cent equity shares of Zero Mass Pvt Ltd (ZMPL) for a total consideration of Rs 106.44 crore, including the entire stake of 63.94 per cent held by the main promoter Anurag Gupta. Dua Associates' team led by Partner, Prateek Bedi and Senior Advisor, Sunil Malik along with Nityashjit Kaur, Principal Associate and Varun Mathur, Senior Associate advised in the documentation for the transaction and assisted in closing the...
NCLAT Upheld The Ruling Of NCLT-Mumbai, Admitting The Realty Developer, M/S Satra Properties (India) Limited In To Corporate Insolvency Resolution Process
The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench comprising of Justice Ashok Bhushan, Dr. Alok Srivastava (Member Technical) and Ms. Shreesha Merla (Member Technical) while dismissing the Appeal filed by Mr. Praful Nanji Satra vs Vistra ITCL (India) Limited and Ors, had upheld the Adjudicating Authority's order for initiating corporate insolvency resolutions process against Satra Properties and sends the company in to insolvency. Background The Appellant's...
Luthra And Luthra Bolsters Its Partnership With Two New Stalwarts
New Delhi, 17th August 2022: Sarika Raichur and Abhimanyu Kampani have joined the Delhi office as partners in the corporate and litigation practice, respectively, at Luthra and Luthra Law Offices India. In her early years of legal practice, Sarika worked with Khaitan & Co at its Mumbai office, besides being an inhouse legal counsel at ADM Capital. She went on to become a member of the India Practice Group of Noerr LLP at its London office. After her return to India, she co-founded...
CESTAT: Blending & Crushing 'Iron Ore' Does Not Result Into 'Concentrates', Allows Importer Benefit Of Exemption
CESTAT Mumbai holds that process of crushing and screening 'Iron Ore' after mining and its subsequent blending with 5-10% iron ore concentrate would result in the classification of goods imported under CTI 2601 11 31 as 'Iron Ore' fines and not Iron Ore concentrates under CTI 2601 11 50, hence, entitled for exemption benefit from CVD payment under Sr. No. 56 of Notification No. 12/2010-CE dated March 17, 2012; Observing the lack of definition for 'concentrates' except in Chapter Note 4 to the...
Argus Partners Advises Qapita Fintech India Private Limited In Its 100% Acquisition Of ESOP Direct
Argus Partners has acted as the legal counsels for Qapita Fintech India Private Limited on its 100% acquisition of KP Corporate Solutions Limited (ESOP Direct). ESOP Direct provides end-to-end solutions for equity compensation to employees. Its service spans the entire lifecycle of employee share plans, from conceptualisation to reporting. (Source: Economic Times)Commenting on the development, the COO and Co-founder of Qapita stated that, "We are extremely excited about the...
Bombay High Court Expresses Strong Displeasure On Forest Authorities And Revenue Department In Private Forest Land Matter Inspite Of Supreme Court Orders
In a striking Judgement, the Bombay High Court expressed its strong displeasure on harassment by the revenue and forest authorities, Government of Maharashtr over the Private Forest matter of Shabbir Morbiwala & Rehana Morbiwala, inspite of the Supreme Court Orders. The Petitioners are the owners of Land situated in Wada, Thane District, Maharashtra. Adv Ameet Mehta, Managing Partner of Law Firm Solicis Lex stated that ''the Petitioners had obtained all the necessary permissions...