Law firms
Law firms
The Supreme Court today finished hearing counsel in the Bar Council of India (BCI) petition against the practice of law by foreign lawyers in India, in a hearing that began in the morning and reconvened at 3pm to finish only by nearly 5:30pm.
Law firms
The ongoing hearing of the Bar Council of India (BCI) appeal in the apex court against the AK Balaji Madras high court judgment took an interesting turn today, with Justice AK Goel suggesting to the counsel that instead of the current FIFO (fly-in and Flying Out) that had been suggested by the high court, foreign lawyers should rather stay here, and offer legal advice, to get relief from any restrictions.
Law firms
Former J Sagar Associates (JSA) Mumbai principal associate Shaswata Dutta joined Trilegal Mumbai as counsel this month.
Law firms
Trilegal has decided to close its Hyderabad office and to service existing clients from Bangalore, after its only partner in the city, Pavan Kumar, has decided to go independent. We have
Law firms
The only partner in Cyril Amarchand Mangaldas’ Hyderabad office, Harita Rao, has given notice last month.
Private equity / VC
Gurgaon-based upcoming micro-delivery grocery platform has secured Rs 19 crores (around $3m) in a Pre-Series A funding round, led by Unilever Ventures Holdings the investment arm of Unilever PLC, as reported by The Times of India and Mint. The grocery delivery platform had raised around $500k in another Pre-Series A funding round from Blume Ventures and Lenovo Capital and Incubator Group, earlier in August, 2017.
Litigation
India reversed its trend of death row population spike since last year, with a drop of nearly 27% in the number of prisoners sentenced to death by sessions courts in 2017, according to the second NLU Delhi Death Penalty Report.
Corporate M&A
Hero Enterprises, led by ex-Hero MotoCorp joint MD Sunil Kant Munjal has acquired 25% of the share capital in Mumbai-based consumer lighting firm Corvi LED Light through an investment of Rs 63 crores (around $10m), as reported by The Economic Times and Business Standard.
Law firms
Nalsar Hyderabad 2014 alumnus Siddharth Nayak, credit rating agency Moody's former general counsel Gyanendra Mishra and Jamia Milia 2011 alumnus Suresh Sharma have co-founded litigation and corporate commercial firm Atharva Legal in January 2018, as a 30-lawyer outfit across six cities to majorly act for US businesses coming into India.