The rights issue of Mahindra & Mahindra Financial Services (Mahindra Finance) has been subscribed nearly 1.3 times. The issue saw a demand for over Rs 4,000 crore worth of shares against its offer size of Rs 3,088.82 crore. — Moneycontrol Khaitan & Co advised Mahindra & Mahindra Finan...

Mount Judi Ventures has struck its debut bet by investing in medtech company InnAccel Technologies Pvt Ltd, a top executive of the venture capital firm told VCCircle. — VCCircle Juris Corp advised Mount Judi Ventures led by a team of equity partner Arunabh Choudhary , and senior associate Aditi Josh...

IDBI Bank… said it will sell part of its stake in IDBI Federal Life Insurance to Belgian multinational insurance company Ageas Insurance and Federal Bank. Ageas will acquire 23% stake, while Federal Bank will buy 4%, the lender said in a disclosure to the stock exchanges. — Mint Shardul Amarchand Ma...

Amishi Consumer Technologies, the parent company that operates mother and baby care brand The Moms Co, has raised $8 million (Rs 58.4 crore at current exchange rates) in a Series B round of funding led by its existing investors Saama Capital and DSG Consumer Partners. — Techcircle Samvad Partners ad...

MonotaRO Co Ltd, Japan’s largest MRO B2B ecommerce company, on Friday said it has invested $15 million (about Rs 110.5 crore) in a joint venture with Emtex Engineering to grow the latter’s SME (small and medium enterprises) ecommerce business in India. — Ptinews DMD Advocates advised MonotaRO Co Ltd...

Vicara, a Bangalore based motion gesture, and analytics recognition startup, has now secured an undisclosed seed funding backed by the ITI Growth Opportunities Fund. — Techstory Legasis Partners advised ITI Growth Opoortunities Fund led by a team of partner Apurv Sardeshmukh and associate Aanchal La...

J Sagar Associates (JSA) has announced that its Gurgaon office would be open for optional business again, though there would be no compulsion on fee-earners to return. Dear Colleagues: After many months of enduring a difficult lockdown, we are glad to share that we are finally re-opening our office ...

The Delhi high court today did not interfere in the partnership dispute between L&L Partners co-founders Rajiv Luthra and Mohit Saraf, ordering both parties to continue mediating until 1 November, reported Bar & Bench.

Trilegal’s partnership has completed the vote to induct Shardul Amarchand Mangaldas (SAM) Mumbai-based litigation partner, Nitesh Jain, as an equity partner.

Prateek Mishra goes independent in Delhi L &L Partners Mumbai-based litigation managing associate, Prateek Mishra, has left to become an independent advocate in Delhi. The 2013 NLIU Bhopal graduate had joined the firm after his 2014 LLM at Queen Mary, University of London. “After almost 7 years...

Two corporate partners at L&L Partners have given their notice to resign ahead of today’s court hearing following at least two days of mediation.

The law firm Singh & Associates, which has been on a lateral hiring spree this year, has been raided by the government’s Income Tax Department (ITD) yesterday as part of a raid on its founding partner Manoj K Singh.

19:27: Apologies for the slight delay in updates. The order is out and has told the parties to mediate with Sriram Panchu tomorrow (Saturday 17 October) or by Sunday (18 October) at the latest, but without granting any stay orders to Saraf (which puts him in the position where he is locked out of his firm email and Luthra has notified all clients that they can’t work with him, even on ongoing matters).

Shardul Amarchand Mangaldas has hired Bhoumick Vaidya, partner at Mumbai solicitors firm Kanga & Co, in as a partner with his team of five.

L&L Partners managing partner Rajiv Luthra has written an email to clients notifying them that senior partner Mohit Saraf was “no longer authorised” to act on behalf of the firm. The email follows the removal of Saraf’s name from L&L’s website and the posting of armed guards outside the doors of the firm’s corporate office in Delhi.

J Sagar Associates (JSA) has paid out bonuses to its fee-earners at the end of last week, pretty much on time and after having evaluated the financial situation over the past few months. The fee-earner bonuses at JSA consist of performance related amounts, following a detailed appraisal process, sep...

L&L Partners has announced the promotion of five of its lawyers in its corporate partnership, a hint of business as usual against the continuing backdrop of the bitter dispute between the two sole equity partners over the future of the firm. Senior partner Mohit Saraf had made the announcement ...

Senior partner Mohit Saraf, who holds a 33.4% equity stake in L&L Partners, has internally announced that managing partner Rajiv Luthra has effectively “retired” and “withdrawn” from L&L Partners and that Saraf would “reconstitute” the firm without him. This latest shot in the war of words follows managing partner Rajiv Luthra’s previously telegraphed announcement that he had

Khaitan & Co has announced that all 49 law school graduates whom it had made campus offers to over the past years, would join the firm on 12 October 2020.

L&L Partners senior partner Mohit Saraf has accused managing partner Rajiv Luthra of “misconduct and subterfuge”, “malafide actions” and breaching “fiduciary duties”, in his response to a public 24 hour deadline sent by Luthra in an email on Sunday evening.