Articles tagged with: L&L Partners

Saraf v Luthra argue possible separation, division bench order awaited

A Delhi high court division bench has been hearing L&L Partners’ managing partner Rajiv Luthra’s appeal against the single-judge bench order reinstating the firm’s co-founder and senior partner Mohit Saraf. Both sides seemed to agree that separation was inevitable and Saraf might be paid to sta...

Mirroring Rajiv Luthra ad in papers, Saraf warns public of ‘misreps’ & Delhi HC win vs co-founder

Following his victory on Monday in the Delhi high court, co-founding partner and de facto reinstated senior partner of L&L Partners, Mohit Saraf, has responded in kind to his co-founder Rajiv Luthra with a newspaper notice that of the favourable judgment and warning the public that the public should “exercise caution in dealing with Mr. Rajiv Luthra”.

Delhi HC stays Saraf’s ouster by Rajiv Luthra for violating deed & Act by Friday • Delhi offices also shut 4 days for fumigation [UPDATE-2]

The Delhi high court has “prima facie” and “tentative[ly]” stayed the termination of senior partner Mohit Saraf’s termination from L&L Partners, the partnership he had co-founded, by managing partner Rajiv Luthra.

Luthra cap markets lateral Jitesh Shahani to leave, Dhania to rejoin as Rajiv works for new deed (with old friends)

L&L Partners capital markets lateral partner hire Jitesh Shahani has put in his resignation; meanwhile, the firm’s ex-capital markets partner Geeta Dhania, who had left the firm two months ago, is slated to return.

Indus retains Zomato in $660m round with SAM, AZB, L&L, Khaitan for investors with foreigns

Food delivery company Zomato Media Pvt. Ltd has completed a staggered fundraise that added $660 million (Rs 4,851 crore) to its coffers at a post money valuation of $3.9 billion, its co-founder and chief executive Deepinder Goyal, tweeted… — VCCircle IndusLaw advised Zomato Private Limited led by a ...

Saraf v Luthra: Read the written submissions, arguments, deed, case law & gossip that will decide L&L’s future

On 9 December 2020, the Delhi high court reserved its judgment in the saga of the acrimonious split between the co-founders of L&L Partners, Rajiv Luthra (often referred to as RKL) and Mohit Saraf (referred to as MS in court filings).

L&L acts on ArcelorMittal, Nippon Steel buy of Bhander Power assets under SARFAESI

ArcelorMittal Nippon Steel India … said it has completed the acquisition of 500 Mega Watt (MW) Bhander power plant in Hazira, Gujarat. — Moneycontrol AM/NS India, a joint venture of ArcelorMittal and Nippon Steel, is getting closer to securing ancillary units that were not part of the Essar Steel ac...

LKS, JurisCorp do increments, bonus • AZB, Luthra do bonus, freezes, welcome freshers

As the novel coronavirus is gearing up for a second wave and wreaking renewed havoc in much of the world and economies continue teetering on brinks barely held back by government stimulus packages, a number of law firms have recently eased restrictions on their fee-earners.

L&L litigation promotes 1 to partner, 5 partners designate, 14 associates

Luthra litigation promotions L&L Partners has promoted Rudresh Singh to salaried partner level and five managing associates to partner designate. The new partner designates are: Anugrah Robin Frey, Shikher Deep Aggarwal, Aditya Vikram, Abhishek Ghai, and Prithvi Sindhu. Another four senior asso...

Saraf warned Luthra corp profits might drop from Rs 43 cr post Covid, Arcelor + loss of Rs 42 cr partner books

The turnover at L&L Partners’ corporate partnership (excluding the separate litigation and other partnerships) had increased by 12% between the 2018-19 and the 2019-20 financial years, revealed court filings by senior partner Mohit Saraf in the Delhi high court dispute with managing partner Rajiv Luthra.

JSA TMT partner Asim Abbas returns to Luthra after 2 decades

J Sagar Associates (JSA) partner Asim Abbas is due to join L&L Partners in Delhi, according to two sources.

Luthra-Saraf mediation proves fruitless, contentious litigation to resume from 6, 9 Nov, then arbitration

S urprising very few people, the mediation between the co-founding partners of L&L Partners, Rajiv Luthra and Mohit Saraf, has apparently yielded no constructive results, as the Delhi high court on Monday ordered Saraf’s Section 9 petition to proceed on Friday (6 November) and Monday (9 Novembe...

After weeks of uncertainty, Luthra to welcome postponed 2020 batch by November (rather than 2021)

A fter having postponed the 2020 new recruits’ joining dates to 2021, L&L Partners has now promised to welcome all freshers by 12 November 2020 after the continuing and unresolved management turmoil at the firm had left hires on tenterhooks for weeks now. In a Zoom call held last evening betwee...

Rajiv Luthra (sans Saraf) hires alum Shonali Choudhry in Mumbai as partner

Shonali Choudhry to join Luthras L&L Partners has hired Advani & Co partner Shonali Choudhry in Mumbai, we understand from two sources and as first reported by Bar & Bench . The 1999 NLSIU Bangalore graduate has spent just under a year at Luthra & Luthra in Mumbai in 2006 as a se...

SAM, AZB, L&L act on $68m IDBI Fed Life sale of 23% to Ageas

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...

$34m L&L turnover revealed as Delhi HC won’t reinstate Saraf into Luthra, mediation to go till 1 Nov

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.

L&L Mumbai lit MA Prateek Mishra to go independent to Delhi (pre-dating Saraf v Luthra)

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 corp partners quit Luthra ahead of post-mediation court hearing, 23 signed up to Saraf’s new equity [UPDATE-2: Adjourned, mediation continues]

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.

Delhi HC in Saraf v Luthra: No injunction, mediate! [READ ORDER] • With AM Singhvi, NK Kaul, Nigam, Dayan Krishnan, ex-Trilegalites Das, Mukherjee

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).

Analysing the partnership deed, as Rajiv Luthra makes ‘termination’ fait accompli in client emails, erases Mohit from website, posts armed guards

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.