Khaitan & Co. advises U M Cables on sale of optical fibre cable business to RR Kabel
U M Cables is a wholly owned subsidiary of Usha Martin Limited and is engaged in the manufacture and sale of optical fibre and related cables.
slump sale
CAM represents Manipal Health Enterprises Ltd. in its proposed acquisition of Kinder Women’s Hospital in Whitefield from Kindorama Healthcare Private Ltd., on a slump sale basis
The business transfer agreement was signed on August 17, 2026; and closing of the sale is subject to completion of the conditions set out under the business transfer agreement.
Cyril Amarchand Mangaldas advised SBI on debt availed by JSW Sambalpur Steel Limited for part financing its purchase of the steel business undertaking of Bhushan Power & Steel Limited
Cyril Amarchand Mangaldas advised State Bank of India on ₹12,000 crore term debt extended to JSW Sambalpur Steel Limited for part financing the acquisition of Bhushan Power & Steel Limited’s steel business undertaking through a slump sale on a going concern basis.
CAM advises Lati Industria Termoplastici on strategic acquisition and joint venture with Loxim Industries
Cyril Amarchand Mangaldas advised Lati Industria Termoplastici S.p.A. (“LATI”)
ITAT allows Vodafone’s claim of depreciation on goodwill acquired pursuant to slump sale acquisition of Call Centre Business from VEGL
ITAT noted that Parliament had taken due note that the Supreme Court had held that the goodwill arising on business reorganization i.e. amalgamation, slump sales, demerger etc. is a depreciable intangible asset under Section 32 of the Act.