Legal 60

Shardul Amarchand Mangaldas advised ONGC on strategic infrastructure sharing arrangement with Reliance Industries The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) advised Oil and Natural Gas Corporation Limited (ONGC) on the structuring and documentation of a Memorandum of Understanding (MoU) in the nature of a master infrastructure sharing agreement with Reliance

S&R Associates advised on sale of Modern Safety Glass (Hercules) to Ozone Overseas The leading law firm in India, S&R Associates represented Modern Safety Glass, a glass processing company operating under the brand “Hercules”, and its promoters, in connection with its sale to Ozone Overseas, a manufacturer and supplier of architectural hardware and security solutions.

Khaitan & Co advised MUFG Bank on Neo Group’s Series D fundraise and governance rights The leading law firm in India, Khaitan & Co advised MUFG Bank Limited, a marquee existing investor in Neo Investment Value Advisors Private Limited (Neo Group), in connection with Neo Group’s Series D fundraise. The mandate included negotiation, review and

Khaitan & Co advised Becton Dickinson on global spin-off of biosciences and diagnostic solutions business The leading law firm in India, Khaitan & Co advised Becton Dickinson and Company, one of the largest global medical technology companies, in relation to the global spin-off of its biosciences and diagnostic solutions business, culminating in an ultimate sale

The question of whether fines run concurrently when sentences of imprisonment are directed to run concurrently has long remained a nuanced issue in criminal jurisprudence. While courts frequently order imprisonment terms for multiple offences to run concurrently, ambiguity persists regarding whether the same principle applies to fines imposed alongside such sentences. The Supreme Court of

The Delhi High Court in VNG Automotive Pvt. Ltd. v. Assistant Commissioner of Income Tax (ITA 795–796/2004, decided on 10 April 2026) addressed a significant issue concerning the taxability of interest earned during the pre-operative stage of a business. The central question revolved around whether such interest income should be treated as “income from other

The evidentiary value of a hostile witness has long been a contentious issue in criminal jurisprudence. Courts often face the challenge of determining whether testimony given by such witnesses, who deviate from their earlier statements or show inconsistency, can still be relied upon. The Supreme Court of India, in its recent judgment in State of

Khaitan & Co advised Everstone Capital on USD 270 million partnership with Apothecon Group The leading law firm in India, Khaitan & Co advised Everstone Capital Asia Pte Ltd on its partnership with the founding promoters of Apothecon Pharmaceuticals Private Limited (India) and Navinta III Inc. (USA), involving an investment of approximately USD 270 million

Khaitan & Co advised Mindspace Business Parks REIT on acquisition of International Tech Park Chennai from CapitaLand The leading law firm in India, Khaitan & Co advised Mindspace Business Parks REIT (managed by K Raheja Corp Investment Managers Private Limited) on the acquisition of International Tech Park Chennai, having a total leasable area of approximately

Telangana High Court Upholds Hotel SPV Control Shift, Says Insolvency Losses Don’t Trigger Article 300A Introduction The Telangana High Court upheld the State’s decision granting consent for a change in control of a Hyderabad five-star hotel project pursuant to an approved resolution plan, holding that a shareholder cannot claim a vested or indefeasible right to