India

We are pleased to announce that Phoenix Legal acted as the legal counsel for existing investor Nexus Venture Partners in relation to its investment in the 56 million$ Series D Funding round of Maestroedge Solutions Private Limited (Snabbit), a quick service app providing on-demand home services, co-led by Susquehanna Venture Capital (SIG) and Mirae Asset Venture Investments. With this fresh capital infusion, Snabbit plans to expand into new cities, deepen the penetration in existing markets, and strengthen its technology and operational infrastructure as it scales up to meet rising demand in the segment. The Phoenix Legal team was led by Ashima Dewan (Partner) along with Shrishti Sharma (Senior Associate) with strategic inputs from Sumit Sinha (Partner).

We are pleased to announce that Phoenix Legal acted for Alkemi Growth Capital in relation to its investment in a growth funding round of Medvital Ventures Private Limited (Medvital), a company engaged in the business of manufacturing, trading and distribution of smart medical devices. The funding round was led by Alkemi Growth Capital and also saw participation from Shubhan Ventures and certain existing investors. The funding from Alkemi Growth Capital and other investors will enable Medvital to scale its operations and further expedite product development.   The Phoenix Legal team for this transaction was led by Sumit Sinha (Partner), with support from Sukanya Bhattacharya (Associate Partner), Sachit Singla (Senior Associate), and Anupriya Singh (Associate).

NEW DELHI, 13 May 2026 – Chandhiok & Mahajan (C&M) acted as legal counsel to the Lloyds Group and the Thriveni Group for securing the Competition Commission of India’s (CCI) approval for the proposed open market share acquisition of Lloyds Engineering Works Limited by Thriveni Earthmovers Private Limited, and merger of Lloyds Infrastructure and Construction Limited, Techno Industries Private Limited, and Metalfab Hightech Private Limited, into Lloyds Engineering Works Limited. The multi-legged transaction, comprising an open-market acquisition and a merger by absorption, aims to strengthen and more effectively leverage the combined resources of the two groups, improve efficiency and cost synergies, and simplify group shareholding structures. C&M’s Competition and Regulatory Practice assisted both groups in navigating the notification process and securing antitrust clearance. The team was led by Karan Singh Chandhiok (Partner and Head of Competition and Regulatory), alongside Deeksha Manchanda (Partner), Tarun Donadi (Senior Associate), Bhavika Chhabra (Senior Associate), Jai Hindocha (Associate), and Tarushi Guliani (Associate). About Chandhiok & Mahajan C&M is a leading full-service law firm in India, delivering high-quality, bespoke legal solutions across core practice areas including competition law, insolvency and restructuring, dispute resolution, corporate advisory, real estate, banking and finance, capital markets, and data privacy and cybersecurity. With offices in New Delhi, Mumbai, Bengaluru, and Hyderabad, and a team of over 100 lawyers, the firm advises leading domestic and international corporations, government bodies, financial institutions, private equity and venture capital funds, and promoter groups. C&M is consistently recognised by reputed legal directories such as Chambers & Partners, Legal 500, Asian Legal Business, AsiaLaw, Benchmark Litigation, Global Competition Review, and IFLR. The firm is known for its innovative and responsive approach, delivering practical, outcome-driven solutions through strong cross-functional collaboration. For any queries, please contact: Meenakshi Mukker at [email protected]

C&M continues to strengthen its Restructuring & Insolvency practice with the reappointment of Mohana Nijhawan as Counsel in its New Delhi office. A seasoned insolvency and disputes lawyer with over 10 years of experience, Mohana brings substantial expertise in insolvency and bankruptcy, litigation, and complex dispute resolution. Her return enhances the firm’s capabilities in advising clients on sophisticated restructuring mandates, distressed asset matters, and contentious insolvency proceedings. Prior to rejoining Chandhiok & Mahajan, Mohana was part of the Insolvency & Restructuring team at Shardul Amarchand Mangaldas & Co. and the Disputes team at L&L Partners. Over the course of her career, she has advised banks, financial institutions, committees of creditors, resolution professionals, administrators, and resolution applicants across high-profile insolvency and restructuring matters. Her expertise includes advising on complex issues arising throughout insolvency resolution processes and implementation of resolution plans, alongside extensive experience in litigation strategy, appearances, and managing proceedings before the National Company Law Tribunals, National Company Law Appellate Tribunal, the Supreme Court of India, and various High Courts. Mohana has played key roles in several landmark insolvency matters, including Reliance Group Companies, Aircel Cellular Limited, Future Retail Limited, Videocon Industries Limited, Aviom India Housing Finance Private Limited, and Jyoti Structures Limited. Pooja Mahajan, Managing Partner and Head of the Restructuring & Insolvency Practice, commented: "We are delighted to welcome Mohana back to Chandhiok & Mahajan. Her strong technical capabilities, deep sectoral experience, and proven track record across some of India’s most significant restructuring and insolvency mandates make her an invaluable addition to our team. Mohana’s return reflects our continued commitment to strengthening our practice with exceptional talent to meet the evolving needs of our clients." On her reappointment, Mohana said: " I am delighted to return to Chandhiok & Mahajan. C&M’s market-leading Restructuring & Insolvency practice is known for its strategic depth, technical excellence, and ability to handle the most complex matters. Just as importantly, the firm’s culture of collegiality, trust, and kindness makes it a truly special place to build and grow." Mohana’s return underscores Chandhiok & Mahajan’s continued investment in building a future-ready team capable of delivering market-leading advice in India’s evolving insolvency and restructuring landscape.