Sapan Gupta

Arcelor Mittal Mumbai-based vice president legal and effective regional general counsel Sapan Gupta, who had joined in January 2020 from Shardul Amarchand Mangaldas, has been promoted to group general counsel based in London, moneycontrol and others reported yesterday.

National head of banking and finance and partner at Shardul Amarchand Mangaldas, Sapan Gupta, is set to join Indo-French multinational steel ArcelorMittal in a senior regional general counsel (GC)-like role in Mumbai, according to two sources with knowledge of his move.

Bajaj Finance general counsel (GC) Sapan Gupta will join Shardul Amarchand Mangaldas in December to spearhead a national banking practice from Mumbai.

When 28 years after its birth, India’s most-diversified financial institution that’s not a bank, Bajaj Finance, looked inward, it realised it was short of a legal team comparable to the company’s overall size and rate of diversification. The company’s legal department was understaffed: a total of six in-house lawyers present to handle the documentation and litigation arising out of a portfolio of 11 non-banking financing (NBFC) businesses.

Read how the company hired Sapan Gupta from Standard Chartered and began its facelift.

Delhi start-up Axon Partners has landed a role next to Crawford Bayley and Linklaters on Jaiprakash Power Venture's surprise $200m (Rs 920 crore) convertible bond issue.

The draft Model Real Estate Act, while a good idea in principle, has missed the mark on many important practical points and needs work before becoming law, argues bank in-house lawyer Sapan Gupta.

The debacle of economies around the world triggered by irresponsible, uncontrolled investment in the global real-estate market has made India aware of its need to regulate the sector, despite coming out of the crisis relatively unscathed.

The Model Real Estate Act by the Ministry of Housing & Urban Poverty Alleviation (MHUPA) is a step in the right direction. But as it stands today, the act overlooks some practical hurdles in the way of addressing several of its objectives to protect individuals from defaults.