Legal 60

Cyril Amarchand Mangaldas advised the underwriters on LG Electronics India Limited’s IPO, the highest subscribed ‘large’ IPO in India. The leading law firm in India, Cyril Amarchand Mangaldas, advised the underwriters on the initial public offering (IPO) undertaken by LG Electronics India Limited, a part of the South Korea-based LG Electronics Group. The underwriters included

NCLAT Upholds Insolvency Proceedings Against Privilege Power, Rules Limitation Suspended Till Discovery of PMC Bank Fraud Introduction The National Company Law Appellate Tribunal (NCLAT), New Delhi, upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Privilege Power and Infrastructure Pvt. Ltd. (PPIL), dismissing an appeal filed by its shareholder, Sarang Kumar Wadhawan. The appellate

Cyril Amarchand Mangaldas Advises Everest Reinsurance Company on establishment of its IFSC Insurance Office in GIFT City The leading law firm in India, Cyril Amarchand Mangaldas acted as the legal counsel for Everest Reinsurance Company on the establishment of its IFSC Insurance Office (IIO) at GIFT City, Gujarat, India. Everest Reinsurance Company, IFSC Branch, received

NCLT Indore Rules Assured Return Investment Schemes Constitute Financial Debt, Admits Insolvency Proceedings Against Garima Real Estate Introduction The National Company Law Tribunal (NCLT), Indore Bench, comprising Mr. Mohan P. Tiwari (Member-Judicial) and Mr. Sanjeev Sharma (Member-Technical), has held that deposit schemes offering assured returns constitute “financial debt” under Section 5(8)(a) of the Insolvency and

Rules for late parties to patent challenges tightened by EPO’s G 2/24 Interveners may join an existing appeal but cannot take over once the main participants have left the stage The Enlarged Board of Appeal (EBA), the highest judicial authority of the European Patent Office (EPO), in September 2025 issued its decision in G 2/24.

Cyril Amarchand Mangaldas advised Everest Reinsurance Company on establishment of its IFSC Insurance Office in GIFT City The leading law firm in India, Cyril Amarchand Mangaldas acted as the legal counsel for Everest Reinsurance Company on the establishment of its IFSC Insurance Office (IIO) at GIFT City, Gujarat, India. Everest Reinsurance Company, IFSC Branch, received

S&R Associates represented Peak XV Partners in a secondary sale of shares in Le Travenues Technology Limited (ixigo) The leading law firm in India, S&R Associates represented Peak XV Partners in a secondary sale of shares in Le Travenues Technology Limited (ixigo), a listed online travel platform. The S&R Associates team was led by Jabarati

S&R Associates represented Euro Pratik Sales Limited and its selling shareholders in its INR 4.51 billion initial public offering The leading law firm in India, S&R Associates represented Euro Pratik Sales Limited, one of India’s leading decorative wall panel brands, and its selling shareholders in its INR 4.51 billion initial public offering (IPO) The S&R

Khaitan & Co advised The Eye Foundation Limited on the acquisition of a minority stake by Verlinvest SA The Leading law firm in India, Khaitan & Co advised The Eye Foundation Limited and its promoters on the acquisition of a minority stake by Verlinvest SA in The Eye Foundation Limited for an aggregate consideration of

Khaitan & Co advised Vitruvian Partners on its INR 800 crore equity investment in Hiranandani Financial Services The leading law firm in India, Khaitan & Co advised Vitruvian Partners on an equity investment of INR 800 crores (approximately USD 92 million) by funds managed by Vitruvian Partners, through its Singapore platform, in Hiranandani Financial Services