{"id":47688,"date":"2025-03-25T08:20:21","date_gmt":"2025-03-25T08:20:21","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=47688"},"modified":"2025-03-25T08:20:21","modified_gmt":"2025-03-25T08:20:21","slug":"deal-updates-dispute-updates","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/deal-updates-dispute-updates\/","title":{"rendered":"Deal Updates\/Dispute Updates"},"content":{"rendered":"

Date-31\/12\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7279831613864079360<\/a><\/p>\n

We are delighted to share that Phoenix Legal acted as legal advisors to Lightspeed India<\/a> Partners and Elevation Capital<\/a> in connection with their participation in the USD 8 million Series A funding round of Keyaro Edutech Private Limited (Seekho<\/a>).<\/strong><\/p>\n

<\/p>\n

The round was led by Lightspeed India Partners, with participation from Elevation Capital, an existing investor of Seekho.<\/p>\n

The transaction was led by Sumit Sinha<\/a> (Partner) along with Ashima Dewan<\/a> (Partner) and were assisted by Sukanya Bhattacharya<\/a> (Principal Associate), Vaibhav Asher<\/a> (Senior Associate) and Srishti Sharma<\/a> (Associate).<\/p>\n

The transaction team was further assisted by Vishesh Minocha<\/a> (Associate) and Esha Dinesh<\/a> (Associate) in relation to the legal due diligence on Seekho.<\/p>\n

 <\/p>\n

Date-18\/12\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7275127526262251522<\/a><\/p>\n

We are delighted to share that\u00a0Phoenix Legal\u00a0led by our co-founding Partner Saket Shukla<\/a> along with Zoeb Cutlerywala<\/a> (Partner), Rahul Tyagi<\/a> (Principal Associate) and joy pereira<\/strong> (Senior Associate) successfully managed to obtain a stay on investigation in connection with the FIR registered against Mr. Arnab Goswami, director of ARG Outlier Media Pvt. Ltd.\u00a0before the Karnataka High Court on 17 December 2024,\u00a0in the nick of time.<\/p>\n

The FIR u\/s 505(2) of the then Indian Penal Code (Statements creating or promoting enmity, hatred or ill-will between classes) was registered at the behest of one of the office bearers of the Karnataka Pradesh Congress Committee, pursuant to the news reporting conducted by the R. Kannada News channel with regards to a video which was received by the news channel, shot by members of the public. Mr. Goswami was wrongly and out of context implicated in the present case as being the owner of Republic Kannada and it was alleged that the reporting was done by the channel to rile up public opinion during the time of election. Mr. Goswami had no role nor had he hosted or participated in any manner whatsoever, in the reporting in question. In any event, the FIR\/complaint failed to establish any case u\/s 505(2) of the IPC.
\nTerming the FIR to be a “reckless registration of a crime”, the Hon\u2019ble Karnataka High Court while exercising its Writ Jurisdiction under Article 226 of the Constitution of India r\/w Section 482 of the then Code of Criminal Procedure, 1973 stayed the investigation in relation to the FIR observing that it was not understood how section 505(2) could spring even in the remotest sense in the present case.<\/p>\n

 <\/p>\n

Date-20\/11\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7265005106767491072<\/a><\/p>\n

We are pleased to announce that Phoenix Legal advised Z47<\/a> and Nexus Venture Partners<\/a> on its investment in Series A funding round of USD 30 million in Neysa Networks Private Limited (Neysa<\/a>). This latest funding comes after a USD 20 million seed round earlier this year and marks a significant milestone for Neysa a pioneering AI Acceleration Cloud System provider. The new funding will enable Neysa to scale its AI infrastructure, advance research and development, and gear up for the launch of its integrated Gen AI Acceleration Cloud Service.<\/p>\n

The transaction for Phoenix Legal was led by\u00a0Mr. Sumit Sinha<\/a>, Partner\u00a0along with Ashima Dewan<\/a>, Partner and was assisted by Vishesh Minocha<\/a>, Associate and Devika Rana<\/a>, Associate.<\/p>\n

 <\/p>\n

Date-12\/11\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7262063112189587456<\/a><\/p>\n

We are delighted to share that Phoenix Legal advised leading edtech platform \u2018Bhanzu<\/a>\u2019 in raising $16.5 million in its Series B funding round from Epiq Capital<\/a>, Z3Partners<\/a>, and the existing investors, Lightspeed<\/a> Ventures, Eight Roads<\/a> and B Capital <\/a>.<\/p>\n

The transaction for Phoenix Legal was led by Sumit Sinha<\/a> (Partner) along with Ashima Dewan<\/a> (Partner) and was assisted by Sukanya Bhattacharya<\/a> (Principal Associate), Esha Dinesh<\/a> (Associate) and Srishti Sharma<\/a> (Associate).<\/p>\n

 <\/p>\n

Date-26\/7\/2024<\/strong><\/p>\n

Link-https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7222558808168939520<\/a><\/p>\n

We are proud to share that our litigation team was successful in securing a favourable order for our client, Kharghar Vikhroli Transmission Limited (Adani group company), from the Maharashtra Electricity Regulatory Commission (MERC). In a crucial case where Long Term Transmission Customers (LTTCs) imposed Liquidated Damages and threatened to invoke a Bank Guarantee, MERC has passed an order restraining the LTTCs from taking any coercive action till final adjudication of Petition filed by Kharghar Vikhroli Transmission Limited.<\/p>\n

The litigation team was led by Gaurav Dudeja<\/a>, Partner who was supported by Anumeha Smiti<\/a>, Associate.<\/p>\n

 <\/p>\n

Date-19\/6\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7209084332940939264<\/a><\/p>\n

We are delighted to share that Phoenix Legal advised Z47<\/a> on their investment in the USD 1.5 million funding round of GreyLabs AI<\/a>. GreyLabs AI, a pioneering artificial intelligence start-up, focuses on developing innovative AI solutions for various industries. This funding round, led by Matrix Partners India, marks a significant milestone in GreyLabs AI’s journey, enabling them to expand their technological capabilities and market reach.<\/p>\n

The transaction for Phoenix Legal was led by Sumit Sinha<\/a>, Partner,\u00a0along with Ashima Dewan<\/a>, Partner, and was assisted by Vaibhav Asher<\/a>, Senior Associate, and Vipluv Mittal<\/strong>, Associate. Sayli Petiwale<\/a>, Senior Associate, assisted the team in the due diligence exercise.<\/p>\n

Date-7\/6\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7204827469357477888<\/a><\/p>\n

We are pleased to announce that Phoenix Legal<\/a> advised Iron Pillar<\/a> Fund, one of the existing investors of Sedemac Mechatronics Private Limited (Sedemac Mechatronics), in relation to their follow-on investment in the USD 100 million funding round led by Xponentia Capital Partners, A91 Partners and 360 ONE Asset.<\/p>\n

Sedemac Mechatronics is an electronic controller manufacturing enterprise, engaged in the designing, research and development, manufacturing and supplying electrical, electronic and electro-mechanical products, services and solutions to largely cater to the two and three-wheeler segments.<\/p>\n

The transaction for Phoenix Legal was led by our Partner, Sumit Sinha<\/a> along with Associate, Jyoti Vats Mishra<\/a>.<\/p>\n

 <\/p>\n

Date-5\/6\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7204080292809109504<\/a><\/p>\n

We are pleased to announce that Phoenix Legal<\/a> advised Apis Partners<\/a> LLP, a leading private equity asset manager focused on financial services, on Apis Growth Fund I\u2019s full exit from Star Health & Allied Insurance Co. Ltd through a block deal on the National Stock Exchange.<\/p>\n

The Phoenix team comprised Pranav Srivastava<\/a> (Partner) and Radhika Khanna<\/a> (Associate).<\/p>\n

 <\/p>\n

Date-27\/5\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7200730673085636609<\/a><\/p>\n

We are pleased to announce that Phoenix Legal advised REC Limited on the funding aggregating INR 89.75 Crores availed by Vishvam City Bus Operations Private Limited for the purposes of part financing the estimated project cost for procurement, installation, operation, maintenance of 100 air-conditioned coach 9 meter electric buses along with allied charging infrastructure to be operated across Rajkot in the state of Gujarat on Gross Cost Contract basis under FAME-II in Rajkot, under the contract awarded by Rajkot Rajpath Limited.<\/p>\n

https:\/\/lnkd.in\/d8ZPkuVu<\/a><\/p>\n

The transaction for Phoenix Legal was led by our Partner, Harsh Arora<\/a>, along with Associate Partner, Aishwarya Samanta<\/a> and Associates, PRABHLEEN GURUNAY<\/a> and Sunjoy Chaudhary<\/a>.<\/p>\n

 <\/p>\n

Date-10\/5\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7194609067653226496<\/a><\/p>\n

Manjushree Technopack Ltd<\/a> (\u201cMTL\u201d), India’s largest rigid plastics packaging manufacturer, has entered into definitive agreements to acquire the plastics packaging business of Oricon Enterprises Limited (\u201cOricon\u201d). Oricon is one of the largest manufacturers of plastic caps and closures and preforms in India. This transaction will double MTL’s current market share in the caps and closures segment, making it the market leader, with an installed capacity of nearly 15Bn pieces per annum.<\/p>\n

We are pleased to announce that Phoenix Legal advised Oricon and was led by Sawant Singh<\/a>, along with, Vaibhav Asher<\/a>, Naman Saxena<\/a> and Alivya Sahay<\/a>.<\/p>\n

 <\/p>\n

Date-8\/5\/2024<\/strong><\/p>\n

Link -https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7193954656870359041<\/p>\n

We are pleased to announce that Phoenix Legal has successfully advised Punjab National Bank (PNB)<\/a> on the funding aggregating INR 2000 Crores advanced to SJVN Green Energy Limited for funding its ongoing\/upcoming renewable energy projects. This credit facility is of a revolving nature that allows SJVN Green Energy Limited to draw down funds on an ongoing basis as per the construction requirements of its projects.<\/p>\n

The transaction for Phoenix Legal was led by our Partner, Harsh Arora<\/a>, along with Associate Partner, Aishwarya Samanta<\/a> and Associate, Sunjoy Chaudhary<\/a>.<\/p>\n

 <\/p>\n

Date-3\/5\/2024<\/strong><\/p>\n

Link -https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7192068260169670656<\/p>\n

We are pleased to announce that Phoenix Legal advised Z47<\/a> and Kae Capital<\/a> on their follow-on investment in the USD 14 million Series B funding round of Foxtale Consumer Private Limited (Foxtale<\/a>). The Series B funding round was led by Panthera Growth Partners. The investment round also attracted investment from Foxtale’s existing investors, Matrix Partners and Kae Capital, who had last invested in Foxtale in 2023.<\/p>\n

Foxtale, a Mumbai-based start-up is a D2C skincare brand and is engaged in selling its products through its platform and through other online marketplaces.<\/p>\n

The transaction for Phoenix Legal was led by our Partner, Sumit Sinha<\/a>, along with Principal Associate, Sukanya Bhattacharya<\/a> and Associate, Vipluv Mittal.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Date-30\/4\/2024<\/strong><\/p>\n

Link –https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7191035700606066690<\/a><\/p>\n

We are pleased to announce that Phoenix Legal advised Sehgal Path Lab<\/a> Private Limited and its promoter, Dr. kunal sehgal<\/a>, in relation to a strategic collaboration with Neuberg Diagnostics<\/a>. Sehgal Path Lab Private Limited, headed by Dr.Kunal Sehgal, is\u00a0engaged in the business of running and operating a pathology laboratory and providing clinical diagnostic services. Neuberg Diagnostics is one of India’s leading diagnostic service providers with reach in 250+ cities across the globe (including in countries such as UAE, South Africa and USA).<\/p>\n

This strategic collaboration marks a significant event as it will expand the portfolio of routine and specialized tests including in genetic and oncology areas of medical sciences. This collaboration will specifically focus on Bone Marrow and Flow Cytometry Assays.<\/p>\n

The transaction team of Phoenix Legal was led by Mr. Sumit Sinha<\/a>, Partner\u00a0along with Ms. Ashima Dewan<\/a>, Partner and Mr. Vishesh Minocha<\/a>, Associate.\u00a0Mr. Saket Shukla<\/a>, Co-founding Partner, provided strategic inputs on the deal.<\/p>\n

 <\/p>\n

Date-12\/4\/20<\/strong>24<\/strong><\/p>\n

Link –\u00a0 https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7184519155302252544<\/a><\/p>\n

We are pleased to announce that Phoenix Legal advised Matrix Partners and Nexus Ventures Partners on its investment in a seed funding round of USD 20 million in Neysa<\/a> Private Limited (Neysa). This investment marks a significant milestone for Neysa, India’s first AI cloud and platform-as-a-service startup.<\/p>\n

Neysa will offer a suite of Generative AI platform and services, helping clients discover, plan,\u00a0deploy, and manage their Generative AI projects cost-effectively and secure their AI landscapes in the cloud and at the edge in a consumption-based model.
\nThe transaction for Phoenix Legal was led by\u00a0Mr. Sumit Sinha<\/a>, Partner\u00a0along with Ashima Dewan<\/a>, Partner and was assisted by Vishesh Minocha<\/a>, Associate and Vipluv Mittal<\/strong>, Associate.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-47688","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/47688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=47688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}