Legal 60

IBC Is Not a Recovery Tool for Celebrity Contracts, Says NCLAT in Akshay Kumar Case Introduction The National Company Law Appellate Tribunal (NCLAT) has clarified the limits of insolvency jurisdiction under the Insolvency and Bankruptcy Code, 2016 (IBC), holding that disputes arising out of unpaid celebrity endorsement fees do not automatically qualify as “operational debt.”

DSK Legal team represented Karan Johar in ad-interim injunction against Ajey Nagar (Carry Minati) and others The leading law firm in India, DSK Legal, represented Mr. Karan Johar in a suit before the Bombay City Civil Court seeking injunctive and other reliefs against Ajey Nagar (Carry Minati) and other defendants in relation to various impugned

Pending Civil Suit and ‘Contingent’ Liability No Bar to CIRP Against Corporate Guarantor: NCLAT Introduction The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by a suspended director of a corporate guarantor, reaffirming that once default by the principal borrower is established, insolvency proceedings against the corporate guarantor

Al Tamimi & Company advised on US$870.75 Million Green Bond Issuance by Dhafra PV2 Energy The largest law firm in the Middle East and North Africa (MENA) region, Al Tamimi & Company acted as UAE law counsel to the initial purchasers in connection with the US$870.75 million green bond issuance by Dhafra PV2 Energy Co.

Unilever Appoints Prakash Kakkad as Chief Legal Officer and Group Company Secretary Prakash Kakkad has been appointed as the Chief Legal Officer (CLO) and Group Company Secretary (Group CS) of Unilever, UK, following the departure of Maria Varsellona. The appointment marks a significant leadership transition within the global consumer goods giant. Kakkad, a 2008 alumnus

Shardul Amarchand Mangaldas advised PVR INOX on Sale of Entire Stake in Zea Maize to Marico Limited The leading full-service law firm, Shardul Amarchand Mangaldas & Co. advised PVR INOX Limited, Zea Maize Private Limited, and its founder Mr. Chirag Gupta in connection with the sale of the entire shareholding held by PVR INOX in

Cyril Amarchand Mangaldas advised ONGC on Joint Venture with Mitsui O.S.K. Lines The leading full-service law firm Cyril Amarchand Mangaldas advised Oil and Natural Gas Corporation (ONGC) in relation to its joint venture with Japanese shipping major Mitsui O.S.K. Lines (MOL). The collaboration involves investment into two separate GIFT City incorporated 50:50 joint venture companies,

S&R Associates advised IRB Infrastructure Trust in INR 108 Billion Investment in IRB Harihara Corridors Limited The leading full-service law firm, S&R Associates represented IRB Infrastructure Trust, an infrastructure investment trust that owns and operates road assets in India, in its INR 108 billion investment in IRB Harihara Corridors Limited, the concessionaire for two highway

S&R Associates advised Ascendas IT Park on INR 9.15 Billion NCD Issuance The leading full-service law firm, S&R Associates represented Ascendas IT Park (Pune), sponsored by CapitaLand India Trust, in its INR 9.15 billion issuance of privately placed non-convertible debentures, which were listed on the BSE. The S&R Associates team was led by Aparna Ravi

DSK Legal team represents Reliance Industries Limited and Jyoti Deshpande in Criminal Defamation Proceedings Before J&K High Court The leading law firm in India, DSK Legal, successfully represented Reliance Industries Limited and Jyoti Deshpande in a significant matter before the Hon’ble High Court of Jammu & Kashmir and Ladakh at Srinagar. The case relates to