Legal 60

Cyril Amarchand Mangaldas advised Cerberus Capital Management and IFC on KRPV Fire Fite Private Limited Debenture Subscription The Leading Law firm in India, Cyril Amarchand Mangaldas, through separate deal teams on a Chinese wall basis, acted as legal counsel for Cerberus Capital Management (“Cerberus”) and International Finance Corporation (“IFC”) in relation to their subscription to

Go Go International wins CESTAT appeal overcoming time bar and minor invoice errors in tax refunds Key insights on filing timely service tax refund claims for export and courier services in India In a landmark ruling, the Customs, Excise and Service Tax Appellate Tribunal has allowed the appeal of Go Go International Pvt Ltd., reinforcing

Goldman Sachs Wins Tax Deduction for ESOPs as ITAT Mumbai Reaffirms Consistent Legal Precedent Income Tax Tribunal Allows ₹56.44 Cr ESOP Deduction to Goldman Sachs, Rejects Revenue’s Appeal In a significant reaffirmation of settled legal principles, the Income Tax Appellate Tribunal, Mumbai Bench, has upheld the allowability of Employee Stock Option Plan discount as a

Shardul Amarchand Mangaldas & Co. advised JTRF on railway wheel and axle production line agreements The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM), advised Jupiter Tatravagonka Railwheel Factory Private Limited (JTRF) on two separate sets of agreements: With MAG IAS GmbH (MAG Germany) and MAG IAS India Pvt. Ltd. (MAG India)

Khaitan & Co advised Jefferies India Private Limited on Polycab India secondary sale The leading law firm in India, Khaitan & Co, advised Jefferies India Private Limited in relation to the secondary sale of equity shares held by certain promoter and promoter group shareholders, as well as a public shareholder, in Polycab India Limited. The

Khaitan & Co advised on WeWork India Management Limited IPO The leading law firm in India, Khaitan & Co, acted as Indian legal counsel to the Book Running Lead Managers — JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 One WAM Limited — in relation to

Khaitan & Co represented Bitcipher Labs and Nextgendev Solutions before the Bombay High Court in landmark arbitration-related proceedings The leading law firm in India, Khaitan & Co, successfully represented Bitcipher Labs LLP and Nextgendev Solutions Private Limited before the Bombay High Court in a key arbitration dispute concerning virtual digital assets, force majeure implications, and

TVS Motor wins partial relief as Tribunal permits netting off under Central Excise provisional assessments Legal precedent confirms excess and short-paid excise duties can be adjusted upon final assessment closure In a significant decision, the Customs, Excise and Service Tax Appellate Tribunal reaffirmed that adjustment of excess duty paid against short-paid duty during the finalization

SNG & Partners advised investors and debenture trustee on Lodha Developers ₹500 Crore NCD Issuance The leading law firm in India, SNG & Partners, acted as legal counsel to the investors and the debenture trustee in relation to the issuance of rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) aggregating ₹500 crore by Lodha Developers

Continuing the discussion on the Delhi High Court’s DB judgment in Risdiplam case, Part II of the post by Dr. Victor Vaibhav Tandon discusses the Court’s finding on the “Person in the Know” yardstick to assess obviousness and the comeback of public interest in high stakes pharma patent cases. Dr. Tandon is an academician turned