DSK LEGAL ACTS ON THE STRATEGIC PARTNERSHIP BETWEEN MUMBAI BASED WITTY GROUP OF INSTITUTIONS AND SINGAPORE-BASED GLOBAL SCHOOLS FOUNDATION

Singapore-headquartered Global Schools Foundation (GSF), world’s most awarded network of eminent international schools, has entered a strategic partnership with Mumbai headquartered Witty Group of Institutions (Witty), operating leading ranked schools in Mumbai and Rajasthan.

TRANSACTION SUMMARY

DSK Legal represented and advised Appcino Technologies Private Limited (“Company”) and its Promoter Group in relation to the sale and purchase of the Promoter Group’s equity shares culminating to 100% acquisition of the Company by Xebia India Holding B.V. (“Acquirer”), based in the Netherlands.

TRANSACTION SUMMARY

DSK Legal advised and assisted Mr. Sundaresh Bhat, appointed as Resolution Professional JBF Petrochemicals Limited (“JBF”) with respect to the corporate insolvency resolution process of JBF.

TRANSACTION SUMMARY

DSK advised and assisted the consortium comprising of Yura Business Partners LLP & Gupta Steel Corporation Private Limited (“Resolution Applicants”) with respect to submission of a resolution plan in the corporate insolvency resolution process of Mayur Pankh Properties Private Limited (“Corporate Debtor”) as per the provisions of the Insolvency and Bankruptcy Code, 2016.

TRANSACTION SUMMARY: SUCCESSFUL RESOLUTION OF DS KULKARNI DEVELOPERS LIMITED

DSK advised and assisted Mr. Manoj Kumar Agarwal, Resolution Professional of DS Kulkarni Developers Limited (“DSKDL”) with respect to the corporate insolvency resolution process of DSKDL as per the provisions of the Insolvency and Bankruptcy Code, 2016.

DSK Legal is delighted to share that our Managing Partner, Mr. Anand Desai, has been appointed as a member of the Court at the London Court of International Arbitration (LCIA) for a five year term.

The LCIA is one of the world’s leading international institutions for commercial dispute resolution. It provides efficient, flexible and impartial administration of arbitration and other ADR proceedings, regardless of location, and under any system of law.

Transaction Summary – Excel Controlinkage Private Limited

DSK Legal advised Excel Controlinkage Private Limited (Excel) and its Promoters in relation to sale of their 100% shareholding in Excel to Greaves Cotton Limited (GCL) in four tranches. The first tranche will comprise of sale of 60% shareholding in Excel. The deal value is approximately INR 385,00,00,000/- (Indian Rupees Three Hundred and Eighty Five …

Litigation Summary – Brihan-Mumbai Electricity Supply & Transport Undertaking

In a recent judgment delivered by the Hon’ble Supreme Court of India (“Hon’ble SC”), the Special Leave Petition (“SLP”) filed by Tata Motors Limited (“Tata”) was dismissed, while the counter-SLPs filed by Brihan-Mumbai Electricity Supply & Transport Undertaking (“BEST”) were allowed.

Moving to next Orbit: India’s New Space Policy Sets Course for the Future

On April 20, 2023, the Indian Space Research Organisation (ISRO) and the Indian National Space Promotion & Authorisation Centre (IN-SPACe) released the Indian Space Policy 2023 (“Policy”) (accessible here), which was recently approved by the Cabinet Committee on Security to enable India to pursue a holistic approach and encourage private sector participation in the entire …

TRANSACTION SUMMARY

DSK Legal advised SRL Limited, a subsidiary of Fortis Healthcare Limited, in relation to acquisition of the business of M/s Lifeline Laboratories (“Target”), to expand SRL’s footprint in Delhi NCR region in the diagnostic services domain.