{"id":48560,"date":"2025-05-19T07:21:55","date_gmt":"2025-05-19T07:21:55","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=48560"},"modified":"2025-05-19T07:21:55","modified_gmt":"2025-05-19T07:21:55","slug":"argus-partners-successfully-advises-lt-finance-on-settlement-with-tikona-infinet-following-nclt-proceedings","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/argus-partners-successfully-advises-lt-finance-on-settlement-with-tikona-infinet-following-nclt-proceedings\/","title":{"rendered":"Argus Partners Successfully Advises L&amp;T Finance on Settlement with Tikona Infinet Following NCLT Proceedings"},"content":{"rendered":"<p><strong>We are pleased to announce that Argus Partners successfully represented L&amp;T Finance before the National Company Law Tribunal (\u201cNCLT\u201d), Mumbai in commencing corporate insolvency proceedings against Tikona Infinet arising from defaults in connection with compulsorily convertible debentures (\u201cCCDs\u201d) held by L&amp;T Finance and coupon rights attached to them.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>In a significant decision, NCLT, Mumbai agreed that \u201c<em>CCDs can be hybrid instruments and can have the effect of debt inherent in them<\/em>.\u201d<\/p>\n<p>The team at Argus Partners advising L&amp;T Finance was led by <a href=\"https:\/\/www.argus-p.com\/our-people\/our-partners\/adity-chaudhury\/\">Adity Chaudhury<\/a> (Partner) and <a href=\"https:\/\/www.argus-p.com\/our-people\/our-partners\/murtaza-kachwalla\/\">Murtaza Kachwalla<\/a> (Partner) and also comprised <a href=\"https:\/\/www.argus-p.com\/our-people\/our-associates\/s-m-algaus\/\">S.M. Algaus<\/a> (Principal Associate), <a href=\"https:\/\/www.argus-p.com\/our-people\/our-associates\/aarti-sonawane\/\">Aarati Sonawale<\/a> and <a href=\"https:\/\/www.argus-p.com\/our-people\/our-associates\/satvik-tejasvi\/\">Satvik Tejasvi<\/a> (Associates). The team was assisted by <a href=\"https:\/\/www.argus-p.com\/our-people\/our-associates\/tanu-kankariya\/\">Tanu Kankariya<\/a> and <a href=\"https:\/\/www.argus-p.com\/our-people\/our-associates\/mahek-shivnani\/\">Mahek Shivnani<\/a> (Associates). <a href=\"https:\/\/www.argus-p.com\/our-people\/our-partners\/arka-majumdar\/\">Arka Majumdar<\/a> (Partner) provided strategic inputs.<\/p>\n<p>The matter was supervised by <a href=\"https:\/\/www.argus-p.com\/our-people\/our-partners\/krishnava-dutt\/\">Krishnava Dutt<\/a> (Managing Partner).<\/p>\n<p>Read more at: <a href=\"https:\/\/economictimes.indiatimes.com\/news\/company\/corporate-trends\/tikona-infinet-settles-ccd-dues-with-lt-finance-moves-to-exit-insolvency-process\/articleshow\/121112342.cms?from=mdr\">Economic Times<\/a>, <a href=\"https:\/\/www.thehindubusinessline.com\/companies\/tikona-infinet-announces-settlement-agreement-with-lt-finance\/article69567443.ece\">BusinessLine<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-48560","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/48560","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=48560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}