Legal 60

PhonePe confidentially files DRHP with SEBI for $1.5 billion IPO Joins Bengaluru-based fintech startup, Groww, in the same segment Walmart-supported PhonePe has quietly filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The digital payments major

Freshfields advised McLaren and Mumtalakat on acquisition of all shares in McLaren Racing held by minority shareholders The global law firm, Freshfields, has advised McLaren and its major shareholder Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, in connection with McLaren’s acquisition of all shares in McLaren Racing previously held

Victoria Wyer Relocates to Dentons Dubai Office to Strengthen Debt Capital Markets and Finance Practice The global law firm Dentons has announced that capital markets partner Victoria Wyer has relocated from the firm’s London office to its Dubai office, reinforcing Dentons’ continued investment in debt capital markets (DCM) and financial services across the Middle East.

Image from here. The Division Bench (DB) of Delhi HC has given us a well-reasoned and hard hitting order on the interplay of copyright law and Indian classical music. In the highly publicized copyright battle between Ustaad Faiyas Wasifuddin Dagar and AR Rahman, the DB has reversed the single bench’s (SB)  ruling that had held

The Supreme Court of India, in Nagamma @ Nagarathna & Ors. v. State of Karnataka (2025 INSC 1135), examined the conviction of three accused under Section 302 IPC (corresponding to Section 103 of the Bharatiya Nyaya Sanhita, 2023) read with Section 34 IPC [now Section 3(5) BNS]. The matter revolved around whether the prosecution had

In Shreya Kumari Tirkey v. State of Jharkhand & Ors. (arising from SLP (Civil) No. 27139 of 2024), the Supreme Court of India reaffirmed its role as the sentinel of social justice by extending relief to a tribal woman who was denied employment due to a one-day delay in undergoing her mandatory medical examination. The

The jurisdiction of the Supreme Court under Article 136 of the Constitution of India confers a wide discretionary power to grant special leave to appeal against any judgment, decree, determination, sentence, or order in any cause or matter passed by any court or tribunal. This extraordinary jurisdiction is not subject to statutory limitations, but its

Kirkland & Ellis advised Norwegian Cruise Line on over $3.5 billion capital markets transactions Kirkland & Ellis advised Norwegian Cruise Line Holdings Ltd. (NCLH) on multiple capital markets transactions to strengthen its capital structure by removing secured notes, extending its maturity profile, and reducing potential dilution associated with equity-linked debt. Kirkland advised on an offering

Trilegal advised PhonePe on its proposed initial public offering The leading Indian law firm, Trilegal, is advising PhonePe on its proposed initial public offering of equity shares, for which the company has filed its Preliminary Draft Red Herring Prospectus (PDRHP) through a confidential filing route. The Trilegal Capital Markets team advising on the mandate is

Khaitan & Co advised and represented Multiplex Association of India in writ petition before the Karnataka High Court The leading law firm in India,Khaitan & Co, advised and represented the Multiplex Association of India (“MAI”) in a batch of writ petitions challenging the Karnataka Government’s recent notification dated 12 September 2025, which introduced the Karnataka