Deal News
L&L Partners Advises Howden India On Its Sale Of 46% Equity To Howden UK
The Firm advised Praveen Vashishta, the CEO and MD of Howden Insurance Brokers Private Limited, on sale of his 46% equity stake in Howden India.Howden is the largest non-US broker globally, and one of the biggest international insurance brokers in India. Howden India has been a highly successful joint venture for 19 years with Praveen at the helm. In a heavily regulated and restricted market, once the government permitted 100% FDI in insurance intermediaries under the automatic approval route,...
SC Refuses To Interfere With The Selection Process Of The West Bengal Central School Service Commission For The Appointment Of Assistant Teachers - 11 SLPs Dismissed.
In a very significant development, the Hon'ble Supreme Court of India refused to interfere with the selection process for appointment to the posts of Assistant Teachers in the State of West Bengal conducted by the West Bengal Central School Service Commission during the period 2013 – 14. Several hundred unsuccessful candidates had approached the Hon'ble Apex Court challenging the Orders passed by the Ld. Single Judge and Ld. Division Bench of the Hon'ble High Court at Calcutta dismissing...
Axis Finance Limited Vs. Orbit Venture Developers: City's Top Builder Is Absconding!
Axis Finance Limited vs. Orbit Venture Developers & Ors. was once again listed before the before the Hon'ble Division Bench headed by Hon'ble Shri Justice K. R. Shriram in Cr. No.13.The Respondent No. 2 & 3 i.e. Rajen Dhruv & Hiren Dhruv were not present in the Court.It was informed to the Hon'ble Court by the Advovate representing both the directors that he wishes to withdraw his Vakalatnama. He further informed the Hon'ble Court that both the directors are not reachable & may...
L&L Partners Grow Synonymously To 60 Partners And Over 300 Members With The Hiring Of Sinha And Sen From SAM And Verus
With the recent hire of Shivani Sinha as a Partner in the Restructuring and Insolvency practice and the incoming of Krishnayan Sen in the Disputes Resolution space, the Firm has boosted its Partner count to 60 and inducted fresh recruits taking the total count to 320 members. Sinha, a prodigy in restructuring and finance matters joins Luthra from Shardul Amarchand Mangaldas & Co. and earlier worked with Link Legal. A graduate of Symbiosis Law School, Pune, Shivani has represented...
L&L Partners Advises HealthQuad To Lead The Series B Investment In Wysa
L&L Partners advised HealthQuad in the Series B round of USD 20 million in Wysa, an artificial intelligence-based mental health platform.The Firm was involved in originating the transaction documents, negotiating thereon, advising the company on legal and secretarial compliances, and running the pre-and-post closing aspects of the transaction. As part of the transaction, the Firm further advised on issues involving data privacy as well.The transaction and the diligence team comprised of...
Dua Associates: Promotions 2022
Among the nearly 20 legal professionals recently promoted at Dua Associates, the firm has announced the elevation of Principal Associates Aniketh B.C. and Vinuth Gowda to Non-equity Partners effective April 1, 2022. The Firm has always been quick to recognize merit and talent and this promotion acknowledges the newly minted Partners' strong work ethic and commitment that have helped them move into this new position.They are both based at Dua Associates' Bangalore office and will continue to...
Canara Bank Initiates Proceedings For Recovery Of Rs. 408.83 Crores Against Reliance Infrastructure Limited Before The Debt Recovery Tribunal, Mumbai.
Canara Bank has filed an Original Application being O.A 116 of 2022 ("O.A") against Reliance Infrastructure Limited ("RIL") for recovery of an aggregate sum of Rs. 408.83 Crores in view of defaults committed by RIL. In the present case, RIL has created securities in favour of Canara Bank by way of mortgage upon the properties under loan facility documents. Further, Delhi Airport Metro Express Pvt. Ltd. ("DAMEPL") is a fully owned subsidiary of RIL, wherein RIL is having 99.95% of...
Saraf And Partners Celebrates S&P Day To Commemorate The Completion Of One Year, Announces New Promotions/Appointments
Saraf and Partners, a premier full service Indian law Firm, completed its first year of establishment on 18 July 2022. On this day, the Firm came together to celebrate its first anniversary (S&P Day) - a journey of awakening, inclusivity and legal excellence. In the last year, the Firm has grown rapidly and has earned tremendous amount of goodwill in the legal fraternity. To mark the occasion, all three offices of the Firm got together to take part in the Firm's Annual Day ...
Link Legal Advised Doncasters Group Of Companies In Relation To The Indian Element Of Its Acquisition Of Uni-Pol Group Of Companies.
Link Legal represented and advised Doncasters Group of Companies ("Doncasters") in relation to the Indian element of its acquisition of Uni-Pol Group of Companies ("Uni-Pol").Doncasters is a leading international manufacturer of high-precision engineering components. It has production facilities across Europe and the US and has market-leading specialist capabilities. Uni-Pol is a global business specialising in the manufacture of superalloy cast parts and has four manufacturing facilities in...
SC Dismisses SLP Filed By AstraZeneca AB In A Patent Battle
The Hon'ble Apex Court on 19.07.2022 dismissed the Special Leave Petition (SLP) filed by Astrazeneca AB in a patent infringement matter for the drug Dapagliflozin. Dapagliflozin is used for the treatment of Type II Diabetes. The SLP had impugned the Division Bench order of July 20, 2021, which had confirmed the orders of two Single Judges of the Delhi High Court denying an interim injunction to Astrazeneca AB. The Hon'ble Division Bench had held inter alia, that a patentee who had already...
S&A Law Offices Inducts 45 Freshers From 14 Top Law Universities In The Year 2022
Delhi-NCR, 13 July, 2022: As part of its massive campus recruitment drive, S&A Law Offices has hired 45 students from top law schools across India. The firm has selected these young and dynamic minds from 14 top different law schools. More than 50% (23 out of 45) of the hires are women. The fresh recruits have been incorporated to be part of various practice groups in the Firm. The Firm has planned various soft skills programs, technical trainings, as part of their Induction...
New Partners Join Argus Partners' Delhi Office
Jitendra Soni and Namitha Mathews have joined Argus Partners as Partners in Delhi office in the following practice areas:1. Jitendra Soni - Corporate and M&A, Private Equity & Venture Capital, Technology & Data Privacy2. Namitha Mathews - Dispute Resolution, General Corporate, Real Estate & Infrastructure, and Venture DebtJitendra Soni is a technology and transactions lawyer based in New Delhi.As part of his technology practice, he routinely advises his clients on all areas of...