India

New Delhi, December 06, 2025: Lakshmikumaran & Sridharan Attorneys advised and acted for Sai Parenteral's Limited and its Singapore subsidiary, Sai Parenterals Pte Limited in their cross-border acquisition of 74.6% equity stake in Noumed Pharmaceuticals Pty Ltd (Australia) through a combination of secondary purchase from Noumed Life Sciences Limited (United Kingdom) along with primary subscription by way of a convertible loan. The team provided comprehensive end-to-end legal support across all stages of the transaction, including drafting, review, negotiation, and finalisation of a suite of complex transaction documents. As part of transactional support, the firm played a central role in coordinating and managing the closing process and liaising with multiple stakeholders across jurisdictions to facilitate a seamless completion. The team from Lakshmikumaran & Sridharan Attorneys comprised of Noorul Hassan (Executive Partner), Shipra Verma (Associate Partner) and Alekhya Kanda (Senior Associate) from the Corporate and M&A practice of the firm based in Hyderabad. About Lakshmikumaran & Sridharan attorneys Lakshmikumaran & Sridharan (LKS) is a premier full-service law firm in India, specializing in areas such as corporate & M&A/PE, dispute resolution, taxation and intellectual property. The firm, through its 14 offices across India, works closely on Corporate, M&A, litigation and commercial law matters, advising and representing clients both in India and abroad. Over the last 4 decades the firm has worked with over 15,500 clients which range from start-ups, small & medium enterprises, to large Indian corporates and multinational companies. The professionals within the firm bring diverse experience to service clients across sectors such as automobiles, aviation, consumer electronics, e-commerce and retail, energy, EPC, financial services, FMCG, hospitality, IT/ITeS, logistics, metals, mining, online gaming, pharma and healthcare, real estate and infra, telecom and media, and textiles. The firm takes pride in the value-based, client-focused approach that combines knowledge of the law with industry experience to design bespoke legal solutions. The firm’s driving principles to achieve our vision are integrity, knowledge and passion.  For more details contact:  Arnab Bhattacharya   +91 8287613705  [email protected]  Sakshi Sharma +91 9521867484 [email protected] www.lakshmisri.com 

We are delighted to announce that Mazag Andrabi has joined Argus Partners' Delhi office as a Partner and Head of Regulatory Disputes practice, effective December 8, 2025. Drawing on more than 16 years of experience, Mazag advises on commercial, regulatory, and infrastructure disputes. Her practice covers litigation, contract negotiations, mediation, and claims management, with a core focus on renewable energy and infrastructure. “We warmly welcome Mazag to the Firm. Her deep expertise in the regulatory and infrastructure domains will significantly strengthen our regulatory and disputes practice in Delhi and further bolster the overall depth and breadth of our Energy & Infrastructure practice.” - Krishnava Dutt, Managing Partner “I am pleased to join Argus Partners and support the growth of its Regulatory Disputes and Energy & Infrastructure practice. As evolving policies reshape the sector, I look forward to working with my colleagues to help clients navigate complex regulatory challenges with clarity and effective dispute-resolution strategies.” - Mazag Andrabi

We are pleased to share that Argus Partners successfully represented Piramal Finance Limited ("Respondent") before the Calcutta High Court in a matter concerning the maintainability of a writ petition filed to challenge and stall personal insolvency proceedings initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016 (“IBC”). The Calcutta High Court, while deciding the issue, held that a writ petition under Article 226 of the Constitution cannot be invoked to halt personal insolvency proceedings, especially when an effective and comprehensive statutory remedy is available before the Adjudicating Authority (NCLT). The Court reaffirmed that questions relating to default, validity of notices, and issues arising under the IBC framework must be adjudicated within the statutory mechanism under the Code and not through premature writ proceedings. The judgment reinforces the principle that the IBC provides a complete code governing personal insolvency, and High Courts should refrain from interfering at a pre-adjudication stage when parties have adequate remedies under the statute. The team at Argus Partners advising the Respondent before the Calcutta High Court consisted of Somdutta Bhattacharyya [Partner], Kiran Sharma [Principal Associate (Designate)] and Sagnik Aditya [Associate]. Read more at: Bar and Bench.

Universal Legal is pleased to announce that we acted as legal counsel to Stratechem (India) Private Limited, a leading manufacturer and exporter of chemicals, in acquiring 60% stake of S.L Organics a chemical manufacturing firm. The transaction marks a strategic milestone for Stratechem (India) Private Limited, strengthening its growth trajectory and providing them access to the factory located on MIDC  land in Amravati. The transaction was led by Apurva Agarwal, Partner, and Angshuman Chaliha, Associate Partner and Noopur Thakkar, Associate at Universal Legal.