Cyril Shroff
The mediation between Amarchand Mangaldas co-managing partners Shardul Shroff and Cyril Shroff over the break-up of the firm may conclude as early as tomorrow, Monday, with both brothers keen to set up their new firms on Tuesday 21 April 2015 - Akshaya Tritiya - which is one of the Hindu calendar’s most auspicious days, according to sources close to the dispute.
Kochhar & Co partner Harry Chawla is set to join the new firm expected to be launched by Amarchand Mangaldas Mumbai managing partner Cyril Shroff in Delhi.
Khaitan & Co associate partners Iqbal Khan in Mumbai and Harsh Kumar in Delhi have been poached by Amarchand Mangaldas co-managing partners Shardul and Cyril Shroff respectively, who are setting up offices in each others’ territories.
Amarchand Mangaldas partner Cyril Shroff is in advanced talks to take on the former Religare, GENPACT and GE Cap GC as a future Delhi partner.
The break up of Amarchand Mangaldas, whose Delhi and Mumbai-based managing partners and brothers Shardul and Cyril Shroff respectively are currently mediating about the future of the firm, has been postponed by at least a month, with the Bombay high court having been told that the mediation would not complete before April-end.
Cyril Amarchand Mangaldas, as the new partnership under Mumbai-based brother Cyril Shroff is set to be known when started from 1 April, has finalised a list of seven new equity partners, and 12 new salaried partners to be promoted in its existing offices.
Khaitan & Co Delhi litigation partner Gauri Rasgotra is set to join Amarchand Mangaldas in Delhi, as part of Amarchand Mumbai managing partner Cyril Shroff’s new Amarchand.
Cyril Shroff, Mumbai-based managing partner of Amarchand which is set to split in two, has finalised a lease in Delhi’s Saket area.
The mediators between brothers Cyril and Shardul Shroff of Amarchand Mangaldas gave the green light for both to begin setting up new offices.
Amarchand Mangaldas Delhi and Mumbai regions, managed by brothers Shardul and Cyril Shroff respectively, have agreed to split into two firms by 1 April 2015, confirmed three independent sources.
The deadline for filing the Bombay high court counter affidavit by Amarchand Mangaldas Mumbai managing partner Cyril Shroff to rebut his brother Shardul’s case has been extended for the second time to 20 February 2015.
The court-sanctioned mediation between the brothers has been extended too from its earlier closing date of 31 December 2014 to the end fo January, after a Bombay high court hearing yesterday.
It might lead to the break-up of India’s largest law firm, but Shroff vs Shroff doesn’t have to be complicated. We’ve distilled it for you and shared the court documents.
The dispute between Amarchand Mangaldas brothers would most likely result in a split of the firm into two separate entities, said an authoritative source with close knowledge of the Mumbai side of the dispute.
Senior counsel Iqbal Chagla told the Bombay high court in his closing remarks that his client Cyril Shroff would be filing an affidavit showing the “deep involvement” of his brother in the will.
Live from Bombay high court court room number 10 today, before Justice RD Dhanuka.
Amarchand Mangaldas Delhi managing partner Shardul Shroff has filed legal action in the Bombay high court against his brother and Mumbai-region managing partner Cyril Shroff.