Deal News
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...
NCLAT Approves Resolution Plan For Odisha Slurry Pipeline Infrastructure Limited
In a big relief to the ArcelorMittal Group, the Bench comprising of HMJ Jarat Kumar Jain (Member Judicial) and Hon'ble Mr. Kanthi Narahari (Member Technical) of the National Company Law Appellate Tribunal, New Delhi dismissed the various appeals challenging the approval of the Resolution Plan filed by ArcelorMittal India Private Limited for the corporate insolvency resolution process of Odisha Slurry Pipeline Infrastructure Limited. Earlier, the Ld. Adjudicating Authority, Cuttack on...
Maheshwari & Co. Promotes Its Principal Associate Dharmender Verma To Partner
New Delhi based full-service, Maheshwari & Co. has recently promoted its Principal Associate, Dharmender Verma to Partner.Dharmender Verma is a practising Advocate with extensive experience in handling matters related to Litigation and Arbitration. He has an in-depth understanding of handling complex and high stake commercial litigation matters. He plays a pivotal role for the clients in specifically dealing with domestic arbitration for both private and Public Companies. He has been part of...
Section 45 of PMLA Will Apply Only If a Person Is Arrested by the Directorate of Enforcement: Delhi Court
A Delhi Court recently while granting bail to the Accused Persons in case concerning with the commission of offences under section Prevention of Money Laundering Act, observed that the provisions of Section 45 of PMLA will only apply if a person has been arrested by the Directorate of Enforcement. The order was passed by the Court of Sh. Naveen Kumar Kashyap, Ld. Special Judge, Tis Hazari, while deciding the regular bail applications filed by the Accused persons under section 439...