Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—...

Phoenix Legal Delhi-based insurance disputes partners Mrinal Ojha, Trinath Tadakamalla and Debarshi Dutta have resigned from the firm and are expected to be in the process of setting up their own law firm, called Solaris Legal.

Höegh LNG Holdings Ltd. (“Höegh LNG”) is pleased to announce that it today has completed and signed all documentation for its 10-year charter with H-Energy and selected the FSRU Höegh Giant to serve this agreement. The binding commitment was announced in a stock exchange notice on 19 November 2020. ...

Home-grown payments solution provider Pine Labs, on Monday, announced that it has raised close to $100 million from Lone Pine Capital as part of secondary and primary share sale. This investment round has taken the company’s valuation from $1.6 billion to $2 billion within a year. — Mint Phoenix Leg...

Bhatikar joins Phoenix from Legasis L egasis Partners partner Gautam Bhatikar , who had joined in July 2019 , has moved to Phoenix Legal as a partner, according to a press release from the firm yesterday, setting up a maritime and shipping practice in Mumbai. He has joined the firm on 2 November wit...

From today, nearly all of Khaitan & Co lawyers and support staff will officially have the option of working from home, in a bid to reduce the risk of spreading the novel coronavirus (COVID-19) amongst its workforce.

Bus-shuttle service startup Shuttl has raised around $18 million (about Rs 128 crore) from Japan’s SMBC Trust Bank (acting as a trustee of Mirai Creation Fund II) and Toyota Tsusho Corporation, a unit of Toyota Group, according to the company’s filings with the Registrar of Companies. — Yourstory Je...

Gurugram-based Super Highway Labs, which runs and owns bus aggregator platform Shuttl, has raised a part of its Series B funding of Rs 41 crore from a clutch of investors led by Proof.VC, according to Shuttl’s filings with the Registrar of Companies (RoC). — Yourstory Jerome Merchant + Partners advi...

Jyoti Singh, partner at Phoenix Legal in Mumbai in disputes and insolvency, has started a boutique disputes and litigation firm.

Cybersecurity specialist Network Intelligence (NII) has raised Rs 33 crore (around $4.8 million) in fresh capital from private equity firm Helix Investments. — VCCircle Phoenix Legal advised Network Intelligence , led by partner Sriram Ramachandran and associate Manasi Chandriani . Spice Route Legal...

Reed Exhibitions, a division of RELX, has announced the acquisition of PackPlus- a portfolio of leading trade fairs previously owned by Next Events, serving the Indian packaging industry. Launched in 2006, PackPlus, an annual event held in Delhi, has established itself as India’s largest dedicated g...

“The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law,” reported Hindu Business Line . Update 05 June 2019 : The deal was approved by the National Comp...

“Arnab Goswami has repurchased Republic TV shares from Asianet, putting it on track to become an Editor-run news channel. The two-year old broadcaster is now valued at a whopping Rs 1,200 crore. Since its launch in May 2017, Republic TV has retained the leadership position among English News channel...

Cooper-Standard France SAS divested Cooper Standard’s anti-vibration systems (AVS) business to ContiTech USA Inc (a division of Continental AG), which involved the transfer of Cooper-Standard France SAS’ equity interest in a joint venture company in India, according to the company’s press release . ...

“Private equity fund Apis has picked up a 25.1 per cent stake in L&T Infra Debt Fund for $110 million, giving the L&T Finance Holdings arm access to low-cost global funds to refinance infrastructure projects in India,” reported ET . Phoenix Legal advised Apis Partners led by a team of part...

Phoenix Legal Chennai head and partner Shadaan Mohammed Saipillai and tax litigator Arun Kurian Joseph have together set up local law firm Calibre Legal; Phoenix will shut shop in the city.

“Safecrop Holdings Pvt Ltd, a consortium of investors, including WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed a definitive agreement with the shareholders of Chennai-based Star Health & Allied Insurance Company Ltd to acquire their shares. While the company and investors ...

Phoenix Legal obtained a stay, by the Supreme Court, on the National Green Tribunal’s (NGT) order that had directed all vehicles plying at Delhi’s Indira Gandhi International (IGI) airport to be converted to using only CNG as fuel.

Prior to the Code, India did not have a consolidated statute governing incidents of insolvency and bankruptcy of various entities. For example, the provisions relating to the insolvency of corporations were scattered amongst laws as diverse as the Companies Act, 1956 (Companies Act), the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (RDDB Act), the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and the much-reviled Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). Similarly, there were two statutes, namely, the Provincial Insolvency Act, 1920 and the Presidency Towns Insolvency Act, 1909 governing instances of individual bankruptcy.

Kolkata-based lubricants company Asianol Lubricants recently announced that it has exited from its joint-venture with US-based Quaker Chemical Corporation by selling the remaining 45% stake in its Indian joint venture, Quaker Chemical India (QCIL), as per a report by Reuters . Khaitan & Co acte...