UPERC resolves conflict between old PPAs and new regulations

Background facts: A petition was filed by Jaiprakash Power Ventures Limited (JPVL) before the Uttar Pradesh Electricity Regulatory Commission (UPERC) in respect of its 400 MW Vishnuprayag Hydro Electric Project challenging the recovery initiated by Uttar Pradesh Power Corporation Limited (UPPCL) on account of excess reimbursement made by UPPCL of taxes on income and payment …

Sharmil Bhushan joined HSA Advocates as a Partner

We are pleased to announce the addition of Sharmil Bhushan to the Firm. As a Partner based in the Mumbai office, her practice primarily focuses on BFSI.

Promotions 2020

HSA Press release – Promotions 2020

Sharmil Bhushan joined HSA Advocates as a Partner

We are pleased to announce the addition of Sharmil Bhushan to the Firm. As a Partner based in the Mumbai office, her practice primarily focuses on BFSI.

Amaresh Kumar Singh joined HSA Advocates as a Partner

HSA is pleased to announce the addition of Amaresh Kumar Singh to the Firm. As a Partner based in the New Delhi office, his practice primarily focuses on real estate and civil and commercial litigation.

Supreme Court dismisses the challenge to APTEL Judgment in the case of acquisition of Prayagraj Power Generation Company Limited (PPGCL) through a resolution process undertaken by SBI

The Hon’ble Supreme Court in its recent order dated January 20, 2020 has dismissed the challenge to APTEL Judgment involving issues of regulatory overreach and the statutory role of a regulatory commission while dealing with debt resolution efforts of lenders. In the present instance, lenders have attempted to explore a solution for a stressed power …

Data protection: Does India want to be the big data state after all?

By Vatsal Gaur, Associate Partner The bill was referred to a joint select parliamentary committee. If the current PDP is anything to go by, there are several opportunity costs. The PDP allows for the processing of personal data for the provision of any ‘service’ or ‘benefit’ provided by the State.

Tata-Mistry: The NCLAT order gives a leg-up to minority shareholders

Whatever the final outcome, this order will push Indian businesses to re-examine ethics within their corporate structures By Hemant Sahai, Founding Partner

The fallout of Andhra Pradesh’s u-turns on infrastructure contracts

Hemant Sahai, Founding Partner The Andhra Pradesh government’s announcement regarding the closure of the Amaravati Capital City Startup Area project on Nov. 11, comes on the heels of the same government’s vicious assault on existing renewable energy power purchase agreements in the state, as well as the unilateral cancellation of the Polavaram dam project. The …

Sunando Mukherjee joined HSA Advocates as a Partner

Sunando Mukherjee joined HSA as a Partner in the New Delhi office. As a corporate lawyer, he specializes in corporate M&A and project finance transactions in energy and infrastructure projects.