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stake in L&L Partners, has internally announced that managing partner Rajiv Luthra has effectively “retired” and “withdrawn” from L&L Partners and that Saraf would “reconstitute” the firm without him.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

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.

The managing partner and 66.6% majority equity holder at L&L Partners, Rajiv Luthra, has made an offer to the firm that he would be willing to dilute his equity unilaterally and without the agreement or dilution of 33.4% co-partner Mohit Saraf under a 1999 deed, if the latter does not respond by 6pm today.

Geeta Dhania , the remaining capital markets partner at L&L Partners immediately after the mass exodus of the team to IndusLaw, has resigned, reported Bar & Bench . Dhania had worked at Luthra & Luthra, as it then was, since graduating from NLSIU Bangalore in 2005. In 2015 she became ...

Just before 3pm yesterday (Thursday, 24 September), all staff and fee-earners at L&L Partners received an email from managing partner Rajiv Luthra, announcing a virtual townhall for 5pm that day.

A fundamental rift has opened up at L&L Partners over how its long-held promoter equity should be opened up and distributed to other partners in the firm.

L&L Partners corporate transactional advisory partnership has paid out bonuses to fee-earners just a little behind schedule last week, though it notified its 44 fresh campus recruits that they would not be able to join the firm before 2021 as opposed to around this month (though a few of these have since joined - see update below).

Carlyle will buy a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million, the U.S. private equity group said on Wednesday, as it taps into the rapid growth of digital services in India. The acquisition, by an affiliate of Carlyle, will give Airtel’s Nxtra Data Ltd an ...

L&L Partners’ litigation partnership, which is one of four separate partnerships that the firm operates under one brand name, has effectively cut fee-earner salaries by at least 15% and 35% via deferrals of retainers, which would operate retrospectively from 1 April, according to two sources with knowledge of the measures.

New York-listed AES Corp has agreed to sell its 49% stake in Odisha Power Generation Corp to Adani Power Ltd, ending its 22-year-long association with the state utility. — VCCircle L&L Partners acted for AES India Private Limited led by a team of senior partner Mohit Saraf and assisted by partn...

Singh & Associates has hired L&L Partners litigation managing associate Apoorve Vashistha as a partner designate in its Gurgaon office’s dispute resolution practice.

[Florida] OmniComm Systems Inc. announced… that Anju Software Inc. has completed the acquisition of OmniComm Systems, Inc. (OTCQX: OMCM), a leading strategic software solutions provider to the life sciences industry. Under the terms of the agreement, OmniComm is now a wholly owned subsidiary of Anju...

Alina Arora, who had resigned from L&L Partners in late November 2019, has now joined Shardul Amarchand Mangaldas, Bar & Bench has first reported.

[US-based] Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that it has entered into an agreement to acquire, through a merger, ECI Telecom Group Ltd (“ECI”), a global provider of end-to-end packet-optical transport a...

Digital payments firm BharatPe, which services offline retailers and businesses, has raised $75 million (approximately Rs 538.89 crore at current exchange rates) in its Series C funding led by Coatue Management and Ribbit Capital. — VCCircle The round was led by Coatue Management and Ribbit Capital,...

CA Lotus Investments, an investment arm of Carlyle group, sold 65.51 lakh shares of Metropolis Healthcare through a bulk deal on the BSE. The offer size is 13.06 per cent of the outstanding share capital of Metropolis. Currently, CA Lotus holds 71.79 lakh shares or 14.31 per cent stake in the compan...

US retail giant Walmart and Flipkart on Wednesday said they will jointly invest in Bengaluru-based business-to-business (B2B) supply chain company, Ninjacart. The three partners aim to help ensure better access to high-quality fresh produce for retailers and consumers across India while also creatin...

Bundl Tecnhologies Private Limited, operating as Swiggy has has raised further funds as part of its Series I funding round, with the current tranche led by Chinese investors Tencent, with Ark Impact Investments, Korea Investment Partners, and MACM India Growth Fund also participating. The total Seri...

ArcelorMittal India Private Limited acquired Odisha Slurry Pipeline Infrastructure Limited through the corporate insolvency resolution process conducted under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India f...