Saraf v Luthra argue possible separation, division bench order awaited

A Delhi high court division bench has been hearing L&L Partners’ managing partner Rajiv Luthra’s appeal against the single-judge bench order reinstating the firm’s co-founder and senior partner Mohit Saraf.

Both sides seemed to agree that separation was inevitable and Saraf might be paid to start his own firm.

The division bench of justices Rajiv Sahai Endlaw and Sanjeev Narula has heard arguments today and yesterday about allowing Saraf access to the firm again.

Senior counsel Abhishek Manu Singhvi appeared for Luthra, while Luthra had instructed senior counsel Arvind Nigam and Vikas Singh.

Bar & Bench has been livetweeting the hearing today, and both sides’ lawyers appeared to have been pitching for a dissolution and separation:

If Mr Saraf wants certain particular people, he can take them..he can start whatever he wants. He’s a brilliant person. He will make his worth and meanwhile the Arbitration will be over. Dissolution seems like the only way : Senior Adv AS Chandhiok

Firm can be asked to put some funds : Chandhiok

— Bar & Bench (@barandbench) Fri, 22 Jan 2021, 16:02

Saraf’s side seemed to be in agreement, in principle:

If they give me Rs 40 crore- Rs 50 crore.. we can part ways.. whoever wants to come with me can come: Singh

— Bar & Bench (@barandbench) Fri, 22 Jan 2021, 16:03

Saraf’s side had argued that Luthra had been in Kasauli for two months and not in Delhi, managing the firm from there:

Would you still need access to premises? : Court I’m a hands on person. I have to be in Delhi. I have a place in Kasauli but I can’t live there like Mr Luthra: Singh

— Bar & Bench (@barandbench) Fri, 22 Jan 2021, 15:51

On the flipside, Luthra’s side again alleged that Saraf had been leaking information to “third parties”, with Singhvi arguing that allowing Saraf back into the firm would “disturb the status quo” and “create mayhem and destruction”.

The bench reserved its order in the matter but suggested it would publish its order this evening:

We will release the order.. it is not something that we can pass without discussing : Court

Monday, Mr Lord? : Singh

Let’s see today evening: Court

— Bar & Bench (@barandbench) Fri, 22 Jan 2021, 16:05

Update 23 January 2021: The order is out. In a nutshell, it gives Saraf access to his email again, but has banned him from the offices.

Comments

insider Luthra 22 Jan 2021, 11:34
+10 -0
ee chote chal daru la!
Guest 22 Jan 2021, 12:33
+15 -0
Why is the fate of the associates being discussed like alimony in a squabble between mom and dad? Surely they can make up their own mind anyway whether to stay with RKL or go with MS? Both of these are shameless enough to still project the impression that it is for the benefit of others that they are doing this and not for their own selfish interests.
Lol 22 Jan 2021, 12:53
+7 -0
Associates? Make up their own minds? No boss, associates are nothing but pawns in this game of Chess.
Haha 22 Jan 2021, 13:02
+7 -0
I think that was meant to say that no notice periods, non-competes, non-solicits, etc., will be enforced against those people. The quote is literally "whoever wants to come with me he can come"

Please calm down
Sahi kaha 22 Jan 2021, 17:47
+2 -0
Samajhdaar ko ishaara kafi hai.
Sorry 22 Jan 2021, 13:13
+11 -0
Hardly a game of chess given the players. Seems more like in your face kickboxing for all to see.
Guest 22 Jan 2021, 12:51
+5 -3
[quote]Senior counsel Abhishek Manu Singhvi appeared for Luthra, while Luthra had instructed senior counsel Arvind Nigam and Vikas Singh.[/quote]

It means BJP vs Congress, New India vs Lutyens cabal.
RangDeBhagua 22 Jan 2021, 17:37
+1 -0
while Nigam had instructed*

Kian shall correct soon I hope.
Tarantino 23 Jan 2021, 06:39
+0 -0
Inception ki duniya se niklo


While Vikas Singh had instructed*
Kian shall correct soon I hope.
kianganz 23 Jan 2021, 06:44
+5 -0
Thanks, now corrected: While Instruction had sarafed Vikas Singh.
MoSa 22 Jan 2021, 13:09
+3 -0
50cr le ke Kapshera Estate ka farhoise expand karenge...yay!!!
Simple 22 Jan 2021, 13:44
+4 -0
Why don’t they do a referendum - and ppl can choose which of the two “leaders” to go with ! Simple
Achilles 22 Jan 2021, 14:02
+25 -0
Why have a referendum? I say, let both choose a champion and have a trial by combat. Winner takes all. Might lead to a quicker result.
harsh truth 22 Jan 2021, 14:19
+5 -0
Because it's a fiefdom and not a democracy.
Guest 22 Jan 2021, 14:36
+12 -0
There's already a referendum in place. It's called free market and free will. Associates are free to stay, leave with Mohit or go anywhere else. Of course, if someone isn't good enough, then their only hope lies in sycophancy.
What Now? 22 Jan 2021, 16:28
+12 -0
So do we get an email welcoming Mr. Saraf back tomorrow morning in our inboxes? How about another no holds bar zoom call? How about announcing increments? How about I quit my job and find a slightly saner workplace? How about I cut my rant short and go back to the drudgery?
Damp Squib 23 Jan 2021, 08:04
+2 -0
Bleh, nothing happened.
MS tussi great ho 22 Jan 2021, 20:31
+7 -12
Credit to MS for being so magnanimous. He clearly saw that the other firm members suffering because of this dispute and decide to part ways for the sake of the careers. All the best, sir. Never seen someone so selfless like you.
Magna What 23 Jan 2021, 10:56
+3 -5
What are you saying? Is demanding 40-50 Cr being magnanimous (a toughie)? He doesnt care for any
Sabahi 25 Jan 2021, 08:59
+3 -0
It's not like either cares for their people. If one is arrogant and dismissive to his people, the other is making them pay monies to the firm because the year was bad. How long will people stay here? This is a classic example of how not to run a firm. Greed, ego, misuse of power, lies...has all the elements of a perfect " how to kill a law firm" documentary/ reality show.
Shameless behaviour by one and all. They out careers and survival of so many people who put their faith in them.
Bang Bang 23 Jan 2021, 13:31
+10 -1
I think 40-50 cr is quite fair valuation of Mohit SaRaf’s value and contribution to L&L. Never liked his approach towards law and (junior) lawyers but nobody can take away the hard work he has put in over the years.

Also, let us not call any of the two magnanimous. These guys squandered the name and reputation of their own firm at a time when neither of them has age on their saide or fire in their belly to be able to rebuild any organisation to similar scale.
MoSa 25 Jan 2021, 10:24
+1 -0
Aur aap kaun ba? KPMG saab, ya phir PwC memsaab?? Aapko kaisan maloom hamra phair bhaluation ?
Guest 23 Jan 2021, 14:43
+5 -1
Order of DB out. RKL’s misManaging Partner role lasted only 3 months. Bye bye.

I could love you, but why begin it
Coz there aint any future in it
Bye bye baby
Baby goodbye
Bye bye baby
Have done my bit of cry
Wish I'd never had known you better
Wish I knew you before
Gee how good it could be for me
Hj1 25 Jan 2021, 20:12
Contested
+8 -1
The latest rumour is that RKL is looking to join MS camp looking at prospects