Cyril Amarchand Mangaldas advises Standard Chartered Bank and certain other lenders
Cyril Amarchand Mangaldas advised Standard Chartered Bank and certain other lender(s) (Lenders) in relation to the fund-based and non-fund based facilities.
lenders
CAM successfully represents lenders before NCLAT; Contempt order against lenders set aside in Jyoti Structures matter
The NCLAT held that the NCLT had failed to comply with the mandatory procedural safeguards applicable to contempt proceedings and, therefore, the impugned order could not be sustained. While setting aside the contempt order, the NCLAT also granted certain fact-specific directions in the matter.
Supreme Court sets aside NCLAT order de-recognizing four lenders of the insolvent Reliance Infratel as Financial Creditors
Noting that hypothecation means the process of using an asset as collateral for a loan. It acts as a protection to the lender when the borrower does not repay the loan, the Supreme Court highlighted that the name of the document is not a decisive factor. Only because the title of the document contains the word hypothecation, it cannot be concluded that guarantee is not a part of this document.
Shardul Amarchand Mangaldas & Co. advises Inventurus Knowledge Solutions Limited on its acquisition of Aquity Solutions Inc.
Shardul Amarchand Mangaldas & Co. advised Inventurus Knowledge Solutions Limited on its offshore financing to acquire Aquity Solutions Inc. including issuance of
SC upholds applicability of SEBI Circular; but gives a green signal to Reliance Commercial Finance resolution to avoid “unscrambling of resolution process”
“Such unscrambling of the resolution process will not only prove time-consuming, but may also adversely affect the agreed realized gains to the retail debenture holders, who have already consented to the negotiated settlement before the High Court.”
Bogus Parties and Dubious Transactions- Read ITAT’s observations on a matter concerning “non-existent lenders”
Income Tax Appellate Tribunal (ITAT), New Delhi: While deciding the instant appeal pertaining to the Assessment Year 2015-16 where the Revenue challenged