Legal 60

Khaitan & Co advised Theia Ventures on launch and first close of Theia Ventures Fund I The leading law firm in India, Khaitan & Co, acted as legal counsel to Theia Ventures on the launch and investor onboarding of Theia Ventures Fund I, an early-stage fund focused on energy transition, deep technology, and decarbonization. The

Shardul Amarchand Mangaldas & Co. advised Sembcorp Green Infra on ~INR 1,700 crore acquisition from ReNew The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM), acted as legal counsel to Sembcorp Green Infra Private Limited (“Sembcorp”) in connection with its ~INR 1,700 crore (USD 190 million) acquisition of 100% stake in ReNew

Shardul Amarchand Mangaldas & Co. advised LG Electronics India Limited on ₹11,607 crore IPO The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM), acted as Indian legal counsel to LG Electronics India Limited on its initial public offering aggregating to ₹11,607 crore, through an offer for sale by the Promoter Selling Shareholder,

₹40,000 Payment Revives Limitation Period, NCLAT Upholds Insolvency Petition Introduction The National Company Law Appellate Tribunal (NCLAT) has held that a payment of ₹40,000 effectively revived the limitation period and validated the claim raised by the operational creditors under the Insolvency and Bankruptcy Code (IBC). Factual Background The operational creditors had filed an application under

Pinsent Masons advised IFC on $160 million blue finance investment in Mongolia The global law firm, Pinsent Masons, has advised the International Finance Corporation (IFC) on its $160 million investment into Mongolia, aimed at delivering long-term benefits for communities and ecosystems across the country. IFC is partnering with Golomt Bank to deliver Mongolia’s first ‘blue’

Cyril Amarchand Mangaldas advised Hafele Holding GmbH and Singularity Group on strategic investment in Isler Infra India Private Limited The leading law firm in India, Cyril Amarchand Mangaldas, acted as legal counsel to Hafele Holding GmbH in connection with its strategic financial investment, and to Singularity Group (along with other investors) in connection with its

Sonal Basu appointed Senior Vice President & General Counsel at Ascendion Ascendion appointed Sonal Basu as Senior Vice President & General Counsel, bringing nearly two decades of experience in the information technology sector and strategic legal leadership. Basu provided counsel across multiple organizations, including serving as General Counsel at Lloyds Technology Centre India and Vice

Attreyi Mukherjee appointed Vice President & Head Legal (EV Business) at Mahindra & Mahindra Mahindra & Mahindra appointed Attreyi Mukherjee as Vice President & Head Legal for its Electric Vehicle (EV) Business. Mukherjee brought extensive experience from her previous roles across the Tata Group and leading law firms. She served as General Counsel at Tata

ITAT’s Landmark Ruling on Interest Income Earned from Fixed Deposits and Its Impact on Pre-Operative Business Expense Set-Off Businesses Can Legally Set Off Interest Income from Fixed Deposits Against Pre-Operative Expenses According to ITAT The Panaji Bench of the Income Tax Appellate Tribunal recently delivered a significant ruling favouring the assessee, Shirguppi Sugar Works, regarding