Argus Partners Has Advised Plutus Wealth Management In The Series B Funding Of INR 59.34 Crores ($8 Million) Raised By Foodlink, A Luxury Catering Company
We have advised Plutus Wealth Management in the Series B funding of INR 59.34 crores ($8 million) raised by Foodlink, a luxury catering company. Foodlink intends to use these funds to expand its flagship business of luxury catering across newer geographies in India and overseas to take its luxury banquet brand called JADE Luxury Banquets to more cities. The funding will also be used to scale their casual dining restaurant business through its brands, India Bistro, China Bistro & Art of Dum. Our Team was led by Gaurav Singhi, Partner and Tushnika Dayal, Senior Associate and Aryan Mohindroo, Associate.
Livelaw - November 25, 2021
Argus Partners Has Advised Oaks Asset Management In The Series A Funding Of INR 55 Crores Raised By Troo Good
We have advised OAKS Asset Management in the Series A Funding of INR 55 crores raised by Troo Good. The Hyderabad-headquartered company, Troo Good started as a Millet Paratha venture catering to schools and corporations is now India's Largest Millet Snacks Company. Troo Good intends to use the funding to expand its business from Andhra Pradesh and Telangana to several other states across India, as well as achieve their mission of serving nutritious and affordable snacks to 1 crore children every day. Currently, the company serves nearly 10 lakh children every day and expects this number to go up significantly as they open new markets. Argus Partners Team was led by Gaurav Singhi, Partner and Tushnika Dayal, Senior Associate and Aryan Mohindroo, Associate.
Livelaw - November 21, 2021
An Analysis of the Centre's FAQs on the 2021 IT Rules
The Ministry of Electronics and Information Technology ("MeitY") recently released FAQs on the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 ("2021 IT Rules"), with the objective of clarifying the scope of the obligations imposed upon intermediaries. This article provides an overview of notable clarifications issued by MeitY in the FAQs, examines some of the assertions made by MeitY therein, and identifies persisting ambiguities in the 2021 IT Rules. This article has been written by Udit Mendiratta, Partner and Dhruv Bhatnagar, Senior Associate.
Livelaw - November 17, 2021
Prashanth Sabeshan Joins as a Partner
Prashanth Sabeshan has joined us as a Partner in the Corporate and Infrastructure practice in our Bangalore office. His joining would significantly bolster the said practice areas.
Bar & Bench - November 15, 2021
India Inc’s external commercial borrowings rise to $10 b in Q2
Our Partner, Pratish Panjabi, shares his insights with the Business Line (aka The Hindu Business Line) on the rise in external commercial borrowings (ECBs) by Indian corporates to $10.2 billion in the second quarter of the current fiscal as against $4.5 billion in the previous quarter. According to Pratish, the uptake in ECBs is due to the economic rebound after the second wave of the pandemic helped by massive vaccine coverage and a fall in global interest rates resulting in the cheaper cost of funds.
The Hindu Business Line - November 08, 2021
Karnataka HC: Interplay between IBC and Companies Act regarding winding up petitions; Court decides in matter of transfer of company petition to NCLT
We are pleased to inform that our Disputes Team comprising Maneesha Kongovi, Partner and Shivabhushan S Hatti, Sr. Associate (Designate) have successfully argued the matter before the #karnatakahighcourt wherein the Court has opined on the interplay between IBC and Companies Act pertaining to transfer of winding up petitions pending before High Courts to NCLTs.
SCC Online - October 27, 2021
Argus Partners Has Advised OAKS Asset Management And Plutus Wealth Management In The Series B Funding Of $30 Million Raised By CredAble
We have advised OAKS Asset Management and Plutus Wealth Management in the Series B Funding of $30 million raised by CredAble. CredAble, is a fintech platform that provides working capital financing to corporates across Asia in payable and receivables financing, debt capital markets and SME financing. CredAble enables bringing the entire unorganized vendor bases and suppliers and retailers into mainstream banking and finance which would help them gain access to institutional financing and also, help them scale and meet with the pace of growth of their clients. CredAble aims to use the capital raised to continue to build its technology platform, provide working capital solutions to small businesses and create new debt capital market products for corporates and financial institutions. Argus Partners Team was led by Gaurav Singhi, Partner and Tushnika Dayal, Senior Associate and Aryan Mohindroo, Associate.
Livelaw - October 22, 2021
Argus Partners advises Manch Technologies to raise $1.1 million in pre-Series A fundraising
We have advised Manch Technologies Private Limited (“Manch Technologies”), a SaaS-based zero-coding digital transformation platform, in their pre-Series A fund-raising of approximately $1.1 million led by Bharat Inclusion Seed Fund with participation from Pentathlon Ventures. Manch Technologies aims to utilize the funding towards its global business expansion plans and also, towards its product development. The Argus Team comprised Vinod Joseph , Suchita Ambadipudi (Partners) and Pranav Valiathan Pillai (Associate).
Livelaw - September 29, 2021
Rachika Sahay Joins as a Partner
Rachika Sahay has joined us as a Partner in the Corporate and Infrastructure practice in our Delhi office. Rachika's joining would significantly bolster the said practice areas.
Bar & Bench - September 20, 2021
Argus Partners Advises Piramal And Bain Capital Credit Backed IndiaRF In Their Investment Of Upto $83 Million In Gujarat-based Setco Group.
We advised India Resurgence Fund, promoted by Piramal Enterprises Limited and Bain Capital Credit, in its investment of up to Rs 615 crore ($83 million) in Gujarat-based Setco Group. The Argus Team comprised, Krishnava Dutt (Managing Partner), Aastha, Adity Chaudhury, Arka Majumdar, Gaurav Singhi (Partners); Swaraj Singh Narula, Tushnika Dayal (Senior Associates) and Aditi Gupta, Aditi Singh Kashyap, Gayatri Dabir, Mishika Ravishankar, Aryan Mohindroo, Tweesha Gosar and Vansh Aggarwal (Associates).
Livelaw - September 08, 2021
CII National Conference on 5 Years of IBC, 2016 & Way Forward
“The authorities must focus on further improving the coordination between the regulators with the greater objective of enhancing the flexibility of capital structure for distressed funds.” Managing Partner, Krishnava Dutt on 'Assessing 5 years of IBC, 2016 and mapping the way forward' at the CII National Conference on 5 years of IBC, 2016 & Way Forward.
- August 27, 2021
Argus Partners advises Mynvax in raising $4.2 million to introduce 'warm vaccine' to market
We advised Mynvax, a vaccine technology startup, when it raised approximately $4.2 million in its Series A funding round led by Accel and other investors. Mynvax is developing novel recombinant vaccines for covid-19 and human influenza and will use the proceeds in further clinical developments. The Argus Team was led by Vinod Joseph, Partner and Anurag Shankar Prasad, Associate.
Livelaw - August 23, 2021
AZB & Partners, Trilegal, Argus Partners Lead The High Profile NBFC Deal
Advised OAKS Asset Management, an existing shareholder of Incred Financial Services (the retail and MSME lending business of InCred), in a recently concluded deal wherein, InCred Financial Services will merge its non-banking lending business with KKR India Financial Services (“KIFS”). A consortium consisting of the Incred Founder, Bhupinder Singh, as well as existing InCred investors, will own a majority stake post the merger. A consortium led by KKR and comprising existing investors in KIFS will retain a significant minority stake. KKR will be the single largest investor at the time of the transaction’s close and will remain a long-term strategic partner to the business. InCred’s equity investors include former Deutsche Bank co-CEO Anshu Jain, Ranjan Pai of Manipal Group, OAKS Asset Management, Investcorp, FMO, Moore Capital and Elevar. This will be a strategic investment for KKR and will not be a portfolio company in a KKR fund. It will operate independently of KKR. Our Team was led by Gaurav Singhi, Partner and Tushnika Dayal, Senior Associate. Incred Financial Services and the promoter group was advised by Trilegal. AZB & Partners acted on behalf of KKR.
BW Legal World - August 18, 2021
SEBI halves lock-in period for promoters in IPOs to 18 months
Our Partner, Vinod Joseph shares his views on the decision of the Securities and Exchange Board of India (SEBI) to revise the rules on alternative investment funds (AIFs). Vinod analyses the impact of the decision of SEBI stipulating AIFs to file private placement memorandum (PPM) with it only through registered merchant bankers.
The Economic Times - August 08, 2021
Argus Partners Advises Kotak Investment Advisors Limited In Real Estate Investment Start-Up, Strata In Their Series A Fund-raising of USD 6 Million
We advised Kotak Investment Advisors Limited (“Kotak”) in their investment in Strata, a Bengaluru based real estate investment start-up, in their recently concluded Series A fund-raising of $ 6 million. As per an official statement from Strata, the funds are going to be utilized for accelerating their expansion plans into the big cities like, Mumbai, Hyderabad, Chennai Bengaluru, Delhi and Pune and also help them in building and innovating on their product portfolio. Besides Kotak, the fund-raising round was co-led by Gruhas Proptech (an Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana Group for proptech investments and special situations), Sabre Investments (an investment arm of Rahul Talwar, Promoter Family of DLF). The fund-raising also saw participation from Elevation Capital, Mayfield India and Gemba Capital. Our Team was led by Vinod Joseph and Suchita Ambadipudi, Partners along with Smriti Tripathi, Protiti Basu, Pranav Valiathan Pillai and Anurag Shankar Prasad (Associates).
Livelaw - July 30, 2021
Argus and Khaitan lead on Hero Electric fund raise from Gulf Islamic Investments and Oaks
We have advised V’Ocean Investments Limited, advised by OAKS Asset Management (“OAKS”), in the Series B funding raised by Hero Electric Vehicles Private Limited (“Hero Electrics”). Along with OAKS, the funding round also involved participation from Gulf Islamic Investments, Dubai (“GII”). Hero Electrics intends to direct this investment towards their objective of further expansion and growth. Our team was led by Gaurav Singhi, Partner along with Tushnika Dayal, Senior Associate. Hero Electrics was represented by Khaitan & Co. GII was represented by their in-house legal team.
Bar & Bench - July 15, 2021
Argus Partners Advises Alkemi Venture Partners In Their Investment In Meddo In Pre-Series A Funding
We acted as the lead adviser to Alkemi Venture Partners when it invested in Arctern Healthcare Private Limited, operating under the brand name, “Meddo”. Our team was led by Vinod Joseph and Suchita Ambadipudi (Partners) along with Smriti Tripathi, Pranav Valiathan Pillai, Protiti Basu and Anurag Shankar Prasad (Associates).
Livelaw - July 14, 2021
BharatPe's wild card entry into the fintech-banking sweepstakes
Our Partner, Arka Majumdar, shares his views on the Bharat Pe and Centrum joint venture to merge the troubled Punjab and Maharashtra Cooperative (PMC) Bank with a small finance bank which is proposed to infuse Rs 1,800 crores into PMC on its merger with the same. Arka discusses the typical structure of such mergers and the implications that such deals may have on the shareholders of the companies.
The CapTable - June 23, 2021
Alternative investment funds surge in FY21
Our Partner, Vinod Joseph, shares his views with the The Hindu Business Line on investment trends in Alternate Investment Funds (AIFs) in FY 21. Vinod analyses the broad reasons for growth in AIF investments and reasons for AIFs gaining more traction among investors, especially Category II AIFs.
The Hindu Business Line - June 19, 2021
Argus Partners Advises Eyestem Research Private Limited, In Connection With Its Latest Fund Raising From Endiya Partners
Our Firm acted for Eyestem Research Private Limited, a Bengaluru based company in connection with its latest fundraising from Endiya Partners. Our team was led by Vinod Joseph and Suchita Ambadipudi (Partners) along with Smriti Tripathi, Protiti Basu, Pranav Valiathan Pillai and Anurag Shankar Prasad (Associates).
Livelaw - June 03, 2021
India Inc’s overseas borrowing touches $9.23 billion, a two year high in March
Our Partner, Adity Chaudhury shares her views in this news article published in The Hindu Business Line which discusses the external commercial borrowings (ECBs) fundraising trend of India Inc. in Financial Year (FY) 2021.
The Hindu Business Line - May 11, 2021
Argus Partners Advises HDFC Limited In Their Stake Sale In Good Host Spaces
We have advised HDFC Limited on their stake sale of 24.48% in Good Host Spaces to Baskin Lake Investment. Our team was led by Adity Chaudhury, Partner along with Kshitija Dhananjay Naik and Aditi Gupta, Associates.
Livelaw - April 29, 2021
Indian businesses prefer low-tax jurisdictions to route outward FDI
Our Partner, Gaurav Singhi shares his views in this article which discusses the rationale behind Indian businesses preferring low tax offshore business jurisdictions like Mauritius, Singapore and Luxembourg for routing their overseas direct investment (ODI) into other countries. According to Gaurav, “Singapore, Mauritius, the Netherlands remain popular jurisdictions to route overseas investments from India owing to certain tax advantages coupled with the fact that several financial sponsors house their investment vehicles and funds here" He further added that, mostly, pharma, tech and auto companies have attracted such overseas opportunities.
The Hindu Business Line - April 19, 2021
The Emergence of Commercial Justice through IBC
In this short conversation with LawWiser, our Partner Aastha shares her views on the impact of IBC and how it is reshaping the economy.
LawWiser - April 16, 2021
Microfinance cos’ ECB more than halve in FY21
Our Partner Aastha shares her views in this news article published in The Hindu Business Line. which highlights the external commercial borrowings (ECBs) trend of microfinance companies during the last two financial years in the domestic market. According to Aastha, “One of the primary reasons (for lower borrowing) could be the overall cut back on fresh disbursements by MFIs, especially in the first two quarters of FY21." She further added that, “Microfinance borrowers, having been the worst hit by the pandemic and the consequent lockdown, were unable to repay their loans and the collection operations (largely cash-based) of MFIs also took a major hit. These liquidity issues would have led MFIs to go slow on lending and conserve capital.”
The Hindu Business Line - April 16, 2021
CII Governance Series 2021 with Ireena Vittal, Independent Director
Our Partner, Adity Chaudhury sharing her insights on independent directors and how to get the best out of them at the CII Governance Series 2021 with Ireena Vittal, Independent Director.
- April 15, 2021
Gaurav Singhi Joins as Partner
Gaurav Singhi has joined us as a Partner in Mumbai office. Gaurav specialises in private equity, mergers & acquisitions and venture capital investments. The PE/VC and corporate practice will be significantly bolstered by his joining.
Bar & Bench - April 15, 2021
CII Governance Series 2021 with Nasser Munjee, Chairman - DCB Bank
Krishnava Dutt discussing the role of an independent director in rebuilding trust and enhancing accountability at the breakfast with CEO session of CII Governance Series 2021 with Nasser Munjee, Chairman - DCB Bank.
- March 19, 2021
CII Governance Series 2021 with Zarine Daruwala, CEO - Standard Chartered Bank
Our Managing Partner, Krishnava Dutt discussing the future of integrated reporting and sustainability disclosures at the breakfast with CEO CII Governance Series 2021 with Zarine Daruwala, CEO - Standard Chartered Bank.
Confederation of Indian Industry - March 03, 2021
Adity Chaudhury recognised as one of the '10 Most Influential Women Lawyers to Watch'
Our Partner, Adity Chaudhury has been recognised as one of the '10 Most Influential Women Lawyers to Watch' by the Insights Success magazine. In this interview, Adity sheds light on her journey as a legal professional specialising in M&A and also discusses the necessity and benefits of adopting technology in legal practice.
Insights Success - February 15, 2021
Argus Partners advised the Padma Chowgule Group on the family settlement which lead to the recent restructuring of the Chowgule Group
We advised the Padma Chowgule Group on the family settlement which lead to the recent restructuring of the 104 year old, 2500 crore Chowgule Group between the Goa-based family. Our team was led by Abeezar E Faizullabhoy (Senior Partner) along with Murtaza Kachwalla (Partner), Maneesha Kongovi (Partner), Suchita Ambadipudi (Partner), Aashdin Chivalwala (Senior Associate), Smriti Tripathi (Associate), Jaisha Sabavala (Associate), Mayank Ratnaparkhe (Associate) and Mitali Jain (Associate).
- February 12, 2021
Argus Partners advises Phoenix Mills in acquiring 7.48 acres of land in Alipore, Kolkata from Linde India Limited
We advised Mindstone Mall Developers Private Limited, wholly owned subsidiary of The Phoenix Mills Limited, in acquiring approximately 7.48 acres of prime land in Alipore, Kolkata from Linde India Limited, for a total consideration of Rs. 300 crores. The transaction, which would be counted as one of the largest deals in the Eastern India dealing with an outright conveyance, included certain complex regulatory issues. Apart from negotiating and finalising the conveyance deed on behalf of the client, we had also advised and successfully represented the purchaser’s interest before Competent Authority, Urban Land Ceiling Department, in obtaining ULC permission for transfer of land parcel. Argus Partners was represented by Arka Majumdar, Partner.
Bar & Bench - February 11, 2021
Insight article on diversity surveys in APAC
OneTrust DataGuidance, a privacy and security regulatory research platform, consulted with Argus Partners to uncover the requirements for the collection and use of employee data for diversity and inclusion surveys under India’s data privacy regime. Vinod Joseph and Suchita Ambadipudi have written a note on the legal requirements in India surrounding the collection and processing of data relating to an individual's race, gender, ethnicity, sexuality, and health.
OneTrust DataGuidance - February 06, 2021
2nd World Law Conclave
Our Partner, Suchita Ambadipudi shared her insights at the panel discussion on ‘Jurisdictional Issues in Enforcement of Intellectual Property Rights’ at the 2nd World Law Conclave.
- January 31, 2021
Argus acts for Kotak PE on investment in Bangalore’s Eyestem
We advised Kotak Private Equity ("Kotak") in connection with their investment in Eyestem, a Bengaluru based cell therapy company. Eyestem has raised this funding from Kotak for using its patented flagship product, EyecyteRPE, to treat dry age-related macular degeneration through first in man clinical trials. Our team was led by Vinod Joseph (Partner) along with Suchita Ambadipudi (Partner), Protiti Basu (Associate), Anurag Shankar Prasad (Associate), Pranav Valiathan Pillai (Associate) and Mitali Jain (Associate).
Legally India - January 22, 2021
Udit Mendiratta joins as Partner
We warmly welcome Udit Mendiratta as a Partner in the disputes practice in our Delhi office. Udit brings with him over a decade of rich experience in advising and representing a wide cross-section of Indian and multinational clients. Udit graduated from Amity Law School, New Delhi in 2010
Bar & Bench - January 04, 2021
Standing Tall in the World of Corporate Law
Interview of our Managing Partner, Krishnava Dutt with SCC Online on his journey from a law student to founding Argus Partners (Solicitors & Advocates) with a message to young lawyers looking to make a mark in the field of corporate law.
SCC Online - December 21, 2020
Converting NPCI into for-profit may level playing field with fresh umbrella entities
Our Partner, Arka Majumdar has been quoted in the Livemint article, 'Converting NPCI into for-profit may level playing field with fresh umbrella entities'.
Livemint - December 17, 2020
CII Leadership Series on Corporate Governance
Koushik Chatterjee, Executive Director & CFO, Tata Steel in a fireside chat with our Managing Partner, Krishnava Dutt.
- December 11, 2020
IFSC-based AIFs get borrowing flexibility, more room to operate
Our Partner, Vinod Joseph has been quoted in The Economic Times article, 'IFSC-based AIFs get borrowing flexibility, more room to operate'.
The Economic Times - December 11, 2020
Argus acts on $20.3m SBI MF investment into Tube Investments of India
We have advised SBI Mutual Fund in connection with an investment, by way of a preferential allotment, of Rs. 150 crore in Tube Investments of India Limited, a listed public limited company which is part of the Murugappa Group. Our team - Vinod Joseph (Partner), Suchita Ambadipudi (Partner), and Protiti Basu & Anurag Shankar Prasad (Associates).
Legally India - December 04, 2020
Indian Chamber Of Commerce Conference on 'Corporate Governance: Effective Reporting in the Director's Report
Our Partner, Arka Majumdar shared his insights on 'Legal Consequence and Resolution of Non-Disclosure' at the Indian Chamber Of Commerce Conference on 'Corporate Governance: Effective Reporting in the Director's Report'.
- November 27, 2020
Voluntary Liquidation: Companies May Soon Be Allowed A Rethink
Our Partner, Arka Majumdar has been extensively quoted in Bloomberg Quint article, 'Voluntary liquidation: Companies may soon be allowed a rethink'.
Bloomberg Quint - November 27, 2020
NTT to rejig operations; Sanghi to head India biz
Our Partner, Adity Chaudhury has been quoted in The Hindu Business Line print edition article, 'NTT to rejig operations; Sanghi to head India biz'.
- November 20, 2020
DBS deal puts an end to LVB’s long struggle to find its feet
Our Partner, Aastha has been quoted in the Livemint article, 'DBS deal puts an end to LVB's long struggle to find its fleet'.
Livemint - November 19, 2020
Argus Partners acts on sale of Kotak's stake in Prolifics to Sysquest Private Limited
We have advised Kotak India Growth Fund II, Kotak India Private Equity Fund and Kotak Investment Advisors Limited, in their exit from Prolifics Corporation Private Limited by selling their entire stake in Prolifics to Sysquest Private Limited. Our team - Vinod Joseph (Partner), Protiti Basu and Anurag Shankar Prasad (Associates).
Bar & Bench - November 18, 2020
The story of arbitral meddling: Analysing the Arbitration and Conciliation Act (Amendment) Ordinance 2020
This paper is the first of the two-part series vide which we have strived to critically analyze the Arbitration and Conciliation (Amendment) Ordinance, 2020 and the changes it ought to bring to the arbitration landscape in the country. This paper has been written by Pooja Chakrabarti (Partner) and Kunal Dey (Associate).
Livelaw - November 17, 2020
Abeezar Faizullabhoy on set of skills required for different roles as a corporate lawyer and what it means to run a corporate litigation practice post COVID-19
In the interview conducted by SCC Online, our Senior Partner, Abeezar Faizullabhoy shares his views on skills required for pursuing a successful corporate and commercial litigation practice post-COVID-19.
SCC Online - October 23, 2020
Adity Chaudhury on her journey as a lawyer and advice on the Mergers and Acquisitions field
In the interview conducted by SCC Online, our Partner, Adity Chaudhury speaks about her journey as an M&A lawyer.
SCC Online - October 07, 2020
CCI directs 10 enterprises, officials to cease, desist from anti-competitive ways
We acted on behalf of Industrial Laminates (India) Private Limited and its individuals Mr. Virender Singh Negi and Mr. Saleh Najmuddin Mithiborwala before the CCI. Our team - R. Sudhinder (Senior Partner), Prerana Amitabh (Managing Associate) and Akshay Sengar (Associate).
The Economic Times - September 30, 2020
ARCs look to pick up stressed loans left out of recast
Our Partner Aastha has been quoted in this edition of LiveMint on the suspension of IBC proceedings being extended. She is quoted as saying “With the suspension of fresh proceedings under IBC for defaults post-25 March and the other recovery options being time consuming, banks would see ARCs as a viable alternative."
- September 25, 2020
How SEBI’s guidance to an angel fund can impact entire AIF industry
Our Partner Adity Chaudhury 's paper has been extensively quoted in this article published by VCCircle, on SEBI 's recent informal guidance and its impact on the AIF industry.
- September 24, 2020
Significant Judgments On Arbitration And Conciliation Act, 1996 [May 2020 To July 2020]
A compilation of significant judgments on Arbitration and Conciliation Act, 1996 rendered by the courts for the period, May, 2020 to July, 2020. This compilation has been prepared by Arka Majumdar (Partner) and Kunal Dey (Associate).
- August 22, 2020
Enforcement of Foreign Arbitral Awards in India
Our Managing Associate, Somdutta Bhattacharyya shared his thoughts on ‘Enforcement of Foreign Arbitral Awards in India’. The Webinar was organized by LawSikho on July 4 and is now available at https://www.facebook.com/670747249721617/posts/2847623652033955/?sfnsn=wiwspmo&extid=uKK0mgRsV5HDRF4O&d=n&vh=i
LawSikho - July 04, 2020
Is IBC suspension antithetical to pandemic protection?
The article, written by our Managing Partner, Krishnava Dutt on “IBC Suspension: antithetical to pandemic protection", discusses why suspending IBC is counterproductive as restructuring will be the need of the hour. The article proposes that while adversarial action by creditors may be suspended, companies should be allowed to file applications under section 10 at least for their own restructuring. The article also recommends that the proposed pre-pack framework should be immediately introduced and section 29A must be suspended to allow promoters to participate in the restructuring.
The New Indian Express - May 26, 2020
The Failure of India's Yes Bank Poses Uncomfortable Questions
Our Managing Partner, Krishnava Dutt shares his views on Yes Bank restructuring and the question it poses to the banking sector in the interview in ALB Asia May 2020 edition.
ALB Asia - May 19, 2020
IBC: Retrospective Application of Revised Threshold- An Alternate Perspective
In the wake of the Covid-19 pandemic, to protect the interest of MSMEs, the Central Government had increased the threshold of default under Section 4 of IBC from Rs. 1 lac to Rs. 1 crore. The notification, which was issued on March 24, 2020, did not indicate whether the revised threshold would have any retrospective operation. There is a strong presumption of the prospective application of the notification, especially in view of the fact that, where legislature intended an amendment to have a retrospective effect, such retrospective effect have been specifically provided (See, recent amendment to Section 7 for instance). But can there be an alternate argument in favour of retrospective application of the revised threshold? This article has been contributed by Arka Majumdar (Partner).
Livelaw - May 05, 2020
Liquidation in Balance: A Critique of the Majority Decision of NCLAT in V. Padmakumar
The paper analyses NCLAT’s decision in V Padmakumar and argues that balance sheet would constitute acknowledgement for purpose of limitation, despite underlying statutory compulsion. This article has been contributed by Arka Majumdar (Partner) and Ayushi Jain (Associate).
Bar & Bench - May 02, 2020
‘Legal Implications of COVID-19 on Real Estate’
Our Managing Partner, Krishnava Dutt shared his insights on ‘Legal Implications of COVID-19 on Real Estate’. The webinar was organised by CREDAI on April 15. The webinar recording is now available at: https://lnkd.in/fwyD_mw (Access Password: E4@k?2!&)
- April 15, 2020
The Judicial Turmoil
The article 'The Judicial Turmoil' deals with the present challenges faced by judiciary in administration of justice due to COVID-19 and the methods adopted by judiciary to continue to impart justice in such testing times. This article has been contributed by Luckyraj Indorkar, Managing Associate (Designate).
Livelaw - April 08, 2020
Suchita Ambadipudi Joins as Partner
We warmly welcome Suchita Ambadipudi as a Partner in the Corporate Practice in our Bangalore office. Suchita brings with her over a decade of rich experience in corporate law. She is a graduate from NLSIU, Bangalore and holds a masters degree from the Columbia Law School, New York.
Bar & Bench - March 16, 2020
Yes Bank Restructuring
We have advised HDFC Limited on its proposed investment in Yes Bank. The investment is being done as per a scheme of reconstruction of Yes Bank Limited proposed in terms of section 45 of the Banking Regulation Act, 1949. The team comprised of Krishnava Dutt (Managing Partner), Adity Chaudhury (Partner), Ashish Patel (Associate) and Kshitija Naik (Associate).
Bar & Bench - March 14, 2020
CII Conference on Insolvency & Bankruptcy Code
Our Partner, Pooja Chakrabarti speaking on ‘Disputes, Challenges in Litigations & Managing Conflicts of Interest’ at the CII Insolvency & Bankruptcy Code Conference held in Kolkata on February 28, 2020.
- February 28, 2020
Conference on Acquisitions in Infrastructure
Our Partner, Adity Chaudhury, speaking on ‘Opportunities in Stressed Assets: Experience with IBC and NCLT’ at the Conference on Acquisitions in Infrastructure organized by the Indian Infrastructure magazine, held in Mumbai on February 25, 2020.
- February 25, 2020
Tree Planting Initiative
We are sponsoring and collaborating with Green Yatra to undertake long-term tree plantation drives. For proximate impact, we have decided to plant trees in cities where we have offices viz. Mumbai, Delhi, Bengaluru, Kolkata and Ahmedabad. In the first phase, we have planted 300 trees in Mumbai on January 30, 2020.
- January 30, 2020
CII Governance Series with Keki Mistry
Our Managing Partner, Krishnava Dutt speaking at the CII Governance Series on 'Trends in Corporate Governance' at the Breakfast Session with Keki Mistry, Vice- Chairman & CEO HDFC Limited.
- January 08, 2020
How Confidential should Bank Inspection Reports be?
Our Managing Partner, Krishnava Dutt's article in Business Standard on “Whether RBI Bank Inspection Reports should be subject to RTI Disclosure”.
Business Standard - January 08, 2020
CII Governance Series with Kalpana Morparia
‘’All directors whether executive or non executive have the primary obligation of a fiduciary and every action must be aligned with that principle.” Our Managing Partner, Krishnava Dutt sharing his insights at the Breakfast with CEO CII Governance Series with Guest Speaker Kalpana Morparia, Chairman, South and Southeast Asia, JP Morgan.
- December 13, 2019
The A-List 2019: India’s Top 100 Lawyers
We are extremely pleased to announce that our Managing Partner, Krishnava Dutt, has been recognised as one of the Top 100 Lawyers in India Business Law Journal’s The A List 2019.
- November 15, 2019
JVA between Tennants Textile Colours Limited and Asahi Songwon Colors Limited
We represented Tennants Textile Colours Limited, a British company, in its joint venture negotiations with Asahi Songwon Colors Limited, a listed Indian entity. A JV agreement was signed on October 22, 2019 and a disclosure made to the stock exchanges immediately thereafter.
- October 28, 2019
ASSOCHAM National Summit on Non-banking Finance Companies 2019
Our Partner, Aastha sharing her insights during a panel discussion on ‘Resolution of NBFCs’ at the ASSOCHAM National Summit on Non-banking Finance Companies 2019.
- October 17, 2019
CII Mergers Acquisitions & Restructuring Summit 2019
Our Partner, Adity Chaudhury speaking during a panel discussion on 'IBC and M&A in Distressed Assets Space' at the CII Mergers Acquisitions & Restructuring Summit.
- September 27, 2019
CII Mergers Acquisitions & Restructuring Summit 2019
Our Managing Partner, Krishnava Dutt sharing his insights on various legal developments at the CII Mergers Acquisitions & Restructuring Summit with Koushik Chatterjee from Tata Steel Limited, Manish Mohan Govil from Competition Commission of India and Robin Banerjee from CII.
- September 26, 2019
IFLR India M&A Forum
Our Managing Partner, Krishnava Dutt moderating a session on “The Rise of Shareholders Activism” at the IFLR India M&A Forum with Kanchinadham Parvatheesam from Tata Steel, Mrinal Chandran from India Resurgent Fund and our Partner, Adity Chaudhury.
- September 17, 2019
SAT sets aside SEBI order in PricewaterhouseCoopers / Satyam Case
We have successfully defended the erstwhile partners of PWC before the Securities Appellate Tribunal, challenging the order passed by SEBI in the matter of Satyam Computers.
Bar & Bench - September 09, 2019
ASSOCHAM National Summit Asset Reconstruction 2019
Our Managing Partner, Krishnava Dutt speaking at the inaugural session of the ASSOCHAM National Summit on Asset Reconstruction 2019 on various legal issues in enforcement and restructuring.
- August 23, 2019
Fundamentals of Financing Transactions
Our Partner Aastha, conducting a session on 'Fundamentals of Financing Transactions' at the Chanakya National Law University, Patna.
- August 03, 2019
Jawaharlal Nehru University | Summer School on the Insolvency and Bankruptcy Code, 2016
Our Partner, Adity Chaudhury teaching at the Summer School on Insolvency and Bankruptcy Code at the Jawaharlal Nehru University, New Delhi.
- July 04, 2019
India Disputes Conference
Our Senior Partner, Abeezar Faizullabhoy speaking at the India Disputes Conference held in London on 26th and 27th June, 2019 on the ‘Commercial Courts in India’.
- June 26, 2019
Maneesha Kongovi Joins as Partner
We warmly welcome Maneesha Kongovi, who joins us as a Partner in the Disputes Practice, along with her team Shivabhushan S. Hatti, Anusha Chatra and Yamini Harish in our Bengaluru office.
Bar & Bench - June 19, 2019
CESC Ventures to pick up majority stake in Herbolab
We advised Herbolab India Private Limited, a manufacturer of Ayurvedic medicines and products under the brand name “Dr. Vaidya’s”, and its promoters, with regards to CESC Ventures’ (a part of the Sanjiv Goenka-owned RP-Sanjiv Goenka Group) acquisition of 64.63% stake in Herbolab India Private Limited.
Legally India - June 10, 2019
Data Science Startup TheMathCompany raises Funding from Arihant Patni
We advised TheMathCompany and its promoters in its capital raise from venture capitalist, Arihant Patni.
Bar & Bench - May 30, 2019
Indian Arbitration Forum
We are pleased to announce that our Partner, Soorjya Ganguli, has been recognized as a member of the team that drove the process of preparing ‘The Indian Arbitration Forum Best Practices Guidelines for Conduct of Arbitral Proceedings’ (‘IAF Guidelines’). The Indian Arbitration Forum is an association of leading arbitration practitioners committed to streamlining the conduct of arbitration in India and promoting arbitration as an effective means of dispute resolution in India and abroad.
- May 18, 2019
Vinod Joseph Joins as Partner
We welcomes Vinod Joseph as Partner in the Corporate Practice at our Mumbai office. Vinod brings two decades of rich experience in corporate law and private equity. He is a graduate from NLSIU Bangalore and holds a masters degree from the London School of Economics.
Legally India - April 25, 2019
ICC Conference on IBC
Krishnava Dutt moderating a panel at the Indian Chamber of Commerce conference in Kolkata on IBC - Challenges, Learnings & Way Forward.
- March 09, 2019
IFLR Asia M&A Forum 2019
Our Managing Partner, Krishnava Dutt and Partner, Aastha speaking at the IFLR M&A Forum in Hong Kong on Distressed M&A
- March 06, 2019
Asian Legal Business India In-House Legal Summit 2019
We are pleased to have presented a session on “Corporate Frauds and Governance” at the Thompson Reuters ALB Legal Summit, 2019 which was moderated by our Managing Partner, Krishnava Dutt. We thank Sudhir Jha (Head Legal HDFC), Pramod Rao (Group General Counsel, ICICI Group), Shuva Mandal (Group General Counsel, Tata Sons) and Samir Paranjpe (Partner Risk, Grant Thornton) for participating in our session and enriching the session with their insightful deliberation.
- February 27, 2019
Knowledge Forum on Insolvency and Bankruptcy Code
Our Partner, Soorjya Ganguli, speaking at the NeSL Knowledge Forum on IBC.
- February 21, 2019
VCCircle LP summit Stressed Assets
Our Managing Partner, Krishnava Dutt moderating a session on the Insolvency and Bankruptcy Code and its impact on the infrastructure sector.
- February 14, 2019
Global Credit Cycle - Bankruptcies And Defaults
Our Partner Aastha speaking at the panel discussion organised by ASSOCHAM on a 'Face To Face Interaction With Prof. Edward I. Altman on bankruptcies and defaults'.
- February 08, 2019
Former JSA, HSA Partner Abeezar E. Faizullabhoy joins Argus Partners with Team
We warmly welcome Senior Partner Abeezar E. Faizullabhoy, Partners Shahen Pradhan and Murtaza Kachwalla, Senior Associates Prateek Katewa and Aashdin Chivalwala and Associate Karishma Motla to our Mumbai office.
Legally India - February 05, 2019
Stressed Assets Investment Summit
Our Managing Partner, Krishnava Dutt moderating a session on 'Stressed asset resolution outside IBC' at the VCCircle Stressed Asset Investment Summit 2019.
- January 30, 2019
Fundraising for Deeptech Startups
Our Senior Partner, Siddharth Raja chaired and moderated a session at the “Fundraising for Deeptech Startups” programme at IIT Madras Research Park, Chennai organised by TiE Chennai on Thursday, 24th January 2019. Argus Partners was the event's Knowledge Partner.
- January 24, 2019
Merger of GRUH Finance with Bandhan Bank
Argus Partners acted as the legal advisors to Gruh Finance Limited in the proposed merger with Bandhan Bank Limited.
Bar & Bench - January 08, 2019
Blowing the whistle
Our Partner, Arka Majumdar, commenting on the HR Policies of sexual harassment in IBLJ.
Vantage Asia - January 02, 2019
DMG MORI acquires stake in INTECH
We recently advised InTech DMLS and its promoter, Mr. Sridhar Balaram, in connection with a strategic investment by DMG Mori.
Economic Times - December 07, 2018
The A-List 2018: India’s top 100 lawyers
We are pleased to announce that our Managing Partner Krishnava Dutt, has been identified among the A list top 100 lawyers for 2018 by IBLJ.
Vantageasia - November 23, 2018
DeTect Technologies raises $3.3M from SAIF Partners
We recently advised a Chennai based robotics start-up Detect Technologies in their Series A fund raise from SAIF Partners.
Economic Times - November 20, 2018
Leadership Development In Aviation
Our Senior Partner, Siddharth Raja delivering a lecture on "Effective Customer Contracts & Agreements" at the Indian Institute of Management, Bangalore.
- November 01, 2018
The India Economic & Law Summit, 2018
Our Managing Partner Krishnava Dutt, receiving Leadership Excellence Award for contributions in Restructuring and Distressed Assets Practice. The award was presented by former Chief Justice of India, Deepak Misra.
- October 26, 2018
The Roles and Responsibilities of Journalists and the Law
Our Senior Partner, Siddharth Raja addressing journalism students at the National School of Journalism, Bangalore on 'The Roles and Responsibilities of Journalists and the Law'.
- October 26, 2018
5th National Summit Non - Banking Finance Companies (NBFCs) 2018
Our Managing Partner Krishnava Dutt, speaking at the panel discussion on Creating a Scalable and Profitable NBFC, at ASSOCHAM's 5th National Summit – Non Banking Finance Companies (NBFCs) 2018.
- October 11, 2018
M.K. Shah exports seen buying McLeod Russel tea estates
We advised M K Shah Exports Limited for acquisition of certain specified assets of McLeod Russel India Limited, being the estates and bearer plants and other assets comprised in eight tea estates located in the State of Assam.
Hindu Business Line - September 28, 2018
M&A - Key Legal Dimensions & Aspects
Our Senior Partner, Siddharth Raja delivering a lecture on ‘The Key Legal Dimensions and Aspects of M&A’ at the Indian Institute of Management, Bangalore.
- September 27, 2018
Tata Steel acquisition of Usha Martin
Argus Partners advised Tata Steel in the proposed acquisition of the steel business of Usha Martin.
Bar & Bench - September 23, 2018
Iba - Ecotrail Personal Care Private Limited raises INR 150 million in Series A1 funding from Addvantis Enterprises, LLP
We acted as transaction counsel for Series A1 fund raise for Iba - Ecotrail Personal Care Private Limited from Addvantis Enterprises, LLP.
Economic Times - September 20, 2018
Key Takeaways from SC verdict on Power NPAs | Amicus Curiae
Our Managing Partner, Krishnava Dutt on Amicus Curiae on ET Now on the power sector NPAs and the NCLAT Essar Steel order in section 29A.
ETNow - September 17, 2018
Cross Border M&A in India: Key Developments & Implications
Our Senior Partner, Siddharth Raja delivering an address on "Cross Border M&A in India: Key Developments & Implications" at the national workshop organised by Christ University's School of Law, Bengaluru.
- September 14, 2018
NCLAT Essar Steel order on Numetal and Arcelor
Our Managing Partner, Krishnava Dutt on ETNow on a live panel discussion on NCLAT Essar Steel order.
ETNow - September 07, 2018
CII Mergers and Restructuring Summit 2018
Our Managing Partner Krishnava Dutt, speaking at the CII Mergers and Restructuring Summit 2018 on the future of distressed M&A in India.
- August 31, 2018
News Corp VCCircle FinServ 2018
Our Managing Partner Krishnava Dutt, speaking at the NewsCorp VCCircle, FinServ 2018 at the panel discussion on ‘Bank's adversity, NBFC's advantage’
- August 28, 2018
HDFC acquisition of stake in Good Host
Argus Partners advised Housing Development Finance Corporation Limited in its acquisition of 25.01% (twenty five point xero one percent) stake in Goldman Sachs-backed student housing company, Good Host Spaces Private Limited.
Bar & Bench - August 27, 2018
4th National Summit Bankers Borrowers Business Meet 2018
Our Partner, Aastha speaking at the panel discussion on the impact of recent policy reforms, including the Insolvency and Bankruptcy Code, at ASSOCHAM's 4th National Summit - Bankers Borrowers Business Meet 2018.
- August 09, 2018
Mauritius based PE firm FidelisWorld invests in Wildcraft
Argus Partners advised Wildcraft in the recent investment in it by FidelisWorld, a Mauritius based fund.
Bar & Bench - August 09, 2018
Corporate Governance in Service Industry
Our Partner, Arka Majumdar, speaking at a seminar on Corporate Governance in the Service Industry organised by the Indian Chamber of Commerce, held at the ICC Auditorium in Kolkata
- July 21, 2018
NCLT approves Monnet Ispat Resolution Plan
Argus Partners advised the Resolution Professional of Monnet Ispat, Mr. Sumit Binani (supported by Grant Thornton).
Bar & Bench - July 18, 2018
Indo-Belgian-Luxembourg Chamber of Commerce & Industry
Our Managing Partner Krishnava Dutt, discusses the impact of GDPR to Indian business houses at the panel discussion of Indo-Belgian-Luxembourg Chamber of Commerce & Industry.
- July 13, 2018
Lex Witness - India's 1st Magazine on Legal & Corporate Affairs
Our Partner Adity Chaudhury was part of a panel discussion on the Insolvency and Bankruptcy Code at The 5th Annual Banking & Finance Legal Summit 2018 by Lex Witness.
- July 06, 2018
Annual Horasis India Meeting in Spain
Our Managing Partner, Krishnava Dutt spoke at the Annual Horasis India Meeting in Spain co-hosted by CII, on foreign investments into India and the impact of the Insolvency and Bankruptcy Code. The 2018 Horasis India Meeting explored Indian firms' rise to global eminence while debating how to grow India's economy rapidly and sustainably.
- June 24, 2018
Krishnava Dutt: A lawyer who understand the clients’ business
Insight Success, in their recent publication featured our Managing Partner, Krishnava Dutt amongst the ‘10 most admired lawyers in India’.
Insight Success - May 29, 2018
SC asks CEC to respond to FIMI’s plea for exporting iron ore pellets
Our Disputes Partner Aditya Narayan appeared for the Federation of Indian Mineral Industries. The Supreme Court has asked the Central Empowered Committee to respond to a plea made by the Federation of Indian Mineral Industries (Southern chapter) for permission to export pellets produced in Karnataka's Ballari, Chitradurga and Tumakuru districts.
Deccan Herald - May 14, 2018
Argus Partners advises TR Capital in Flipkart exit
Argus Partners assisted TR Capital in the successful exit of its investment in Flipkart Limited via a share buyback conducted by the company that valued the company overall at US$ 20 BN, in the context of the Walmart deal.
Legally India - May 11, 2018
TR Capital invests further in Lenskart
Argus Partners has advised TR Capital III, a Mauritian private equity player, in connection with the purchase of shares of Lenskart Solutions Private Limited from existing shareholders of the company.
Barandbench - April 22, 2018
Krishnava Dutt, Managing Partner on ET Now
Krishnava Dutt, Managing Partner, discussing the key takeaways from the order of the NCLT in the Essar Steel matter for IBC Stakeholders on ET Now (Amicus Curie)
ET Now | YouTube - April 20, 2018
Indian Law Firm Awards
Argus Partners identified amongst the Top Law Firms of the year 2017-18 in the ‘Corporate Commercial’ category by the India Business Law Journal.
Vantageasia - March 16, 2018
What is keeping investors away from buying into stressed assets?
Panel discussion on ‘The Stress in Stressed Assets’ at the recently held VCCircle India LP Summit 2018 powered by Argus Partners & moderated by Krishnava Dutt. The panel consisted of Mr. Koushik Chatterjee (Executive Director and CFO, Tata Steel), Mr. Harish Chander (Executive VP, Edelweiss Financial Services), Mr. Parth Gandhi (Managing Director, AION India Investment Advisors) and Mr. Sharad Bhatia (Managing Director, Multiples Alternate Asset Management).
VCCircle - March 14, 2018
Argus, Themis act on MedGenome Labs $10 million fund raise from HDFC
Argus Partners advises HDFC Limited, HDFC Standard Life Insurance Company Limited and HDFC Asset Management Company Limited on an investment by them in MedGenome Labs Limited, a genetics diagnostics firm.
Barandbench - March 09, 2018
Most significant deals of 2017 and the law firms behind them
India Business Law Journal recognises Argus Partners with Deal of the Year Award in 2017 for the Firm’s work in advising Edelweiss in connection with the strategic debt restructuring of Adhunik Power and Natural Resources Limited.
Vantageasia - February 02, 2018
The A-List 2017: India’s top 100 lawyers
India Business Law Journal identifies Krishnava Dutt as one of India’s top 100 lawyers in the A-List 2017.
Vantageasia - December 08, 2017
Argus, Dhaval Vussonji assist KKR India Asset Finance on $19m loan to Omkar
Argus Partners advises KKR India Asset Finance Private Limited in connection with a credit facility of Rs. 125 crore provided by it to Accord Builders, a part of the Omkar Realtors group. The funds are to be utilised for construction and development of two residential projects in Mumbai.
Legally India - November 20, 2017
Argus, Lexygen act on Datasigns Technologies $1.5 million fund raise
Argus Partners advises Datasigns Technologies Pvt. Ltd., in connection with a pre-series A funding of USD 1.5 mn from SRI Capital, BeeNext and Pravega Ventures India.
Barandbench - September 14, 2017
Argus, JSA on Rs 400 crore Multiples investment in PeopleStrong
Argus Partners advises Peoplestrong HR Services Private Limited (“PeopleStrong”) and its promoters on an investment in it by Multiples Private Equity Fund II LLP and Plenty Private Equity Fund I Limited (“Multiples PE Fund”). Argus has also advised some of the selling shareholders including HDFC Holdings Limited on the sale of their stake in the company to Multiples PE Fund. PeopleStrong is a HR outsourcing and technology firm. Multiples PE Fund has invested through a combination of primary and secondary investments. This is one of the largest deals in the HR technology industry, both in size and scope.
Legally India - April 06, 2017
Milk Mantra raises USD 10mn to expand operation in east India
Argus advised Odisha-based dairy firm Milk Mantra in connection with the raising of Rs. 66.5 crore in the latest round of funding led by Neev Fund, along with existing investors Eight Roads Ventures and Aavishkaar.
Barandbench - February 07, 2017
Most significant deals of 2016 and the law firms behind them
India Business Law Journal recognises Argus Partners with Deal of the Year Award 2016 in the category ‘Mergers & Acquisitions’, for the Firm’s work in advising HDFC Limited on the acquisition of L&T General Insurance by HDFC ERGO General Insurance.
Vantageasia - January 28, 2017
Utkarsh Micro Finance raises $60 mn from RBL Bank, Faering Capital and others
Argus Partners advises Arpwood Capital on its investment into Utkarsh Micro Finance Private Limited. Utkarsh is one of the 10 non-banking financial companies that received a licence for a small finance bank. Utkarsh has raised Rs. 395 crore from several domestic institutional investors including Arpwood Capital.
VCCircle - September 30, 2016
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