Law firms

Karanjawala & Co has promoted consumer and debt recover tribunal (DRT) lawyer Seema Sundd as its ninth partner in the firm.

Desai & Diwanji litigation partner Anoj Menon and his team of at least two senior associates, Dhanyashree Shah Jadeja and Shreevardhini Parchure, will be joining AZB & Partners.

“The fresher MBBS candidates for PG courses took out a march on Monday evening to express their resentment over the merit list. “My all Rajasthan rank is 123 in NEET from which I can get a descent branch of my choice for PG course. But, as the in-service doctors get incentive marks, my rank has gone above 700,” said Dr Manoj Bheri, an MBBS doctor, who is not an in-service doctor,” reported the Times of India.

Cyril Amarchand Mangaldas Mumbai banking partner Niloufer Lam has resigned the firm, as first reported by Bar & Bench.

Khaitan & Co projects and energy, infrastructure and resources partner Upendra Joshi has resigned from the partnership it is understood, according to authoritative sources.

HSA Advocates regulatory practice partner Sakya Chaudhuri has left the firm with his team including partner Avijeet Lala and recently promoted associate partner Anand Shrivastava, to start up their own venture.

“BlackBuck, the B2B intercity logistics startup, has raised Series C funding of $70 million in a round led by Sands Capital. Among existing investors, Accel and Flipkart participated in this round, while Tiger Global and Apoletto did not.

Link Legal India Law Services has hired Khaitan & Co Mumbai senior associate Alok Sonker as an associate partner in the corporate practice.

“Private equity firm Multiples has acquired a majority stake in HR technology and solutions provider PeopleStrong with an investment of around Rs 400 crore. Multiples, has made a “controlling investment” in PeopleStrong through a combination of primary and secondary investments, and sources close to the development said the deal value is around Rs 400 crore,” reported PTI.

Bharucha & Partners has promoted Mumbai senior associate Ajai Achuthan as its eighth partner.

Rajani Associates has promoted four principal associates - Amish Shroff, Amit Kolekar, Ankur Singhania and Mayur Shetty - to associate partner level, with effect of 1 April 2017, growing the partnership to a total of 13.

“Mumbai-based non-banking financial company (NBFC) InCred Finance, founded by former Deutsche Bank senior executive Bhupinder Singh, has secured $75 million in a funding round led by Deutsche Bank’s former co-CEO Anshu Jain. The latest investment is one of the largest fintech deals in India this year. The startup focusses on providing SME loans, home loans and education loans,” reported In Shorts.

“Terex Corporation is selling its India-based compact construction business to Manitou BF (Manitou). Manitou is a leader in all terrain material handling products. Terex Equipment Private Limited (TEPL) manufactures and sells backhoe loaders, engages in the sale of wheel loaders and contract manufactures and sells skid steer loaders,” reported Business Wire.

Cyril Amarchand Mangaldas has fully funded a chair in “everyday ethics for the legal profession” at GNLU Gandhinagar for at least the next three years, which, if it succeeds, would become a template for the law firm contributing financially to other universities’ courses.