Argus Partners

India

Analysis

Overview

Argus Partners continues to do well in the rankings on the back of its impressive client rosters and strong deal flows. This year the firm moves up in Banking and Finance and debuts in the private equity table. A notable development was the significant expansion of Argus’ corporate and M&A team with the joining of four new partners from Algo Legal and one from DSK Legal. The Algo arrivals – Abhinav Bhalaik, Ankit Guha, Armaan Patkar and Neha Madan deepen the firm’s bench strength and expertise in the startup and emerging companies space. 

The firm’s core practices cover banking and finance, corporate and M&A, dispute resolution, and restructuring and insolvency. On the corporate and M&A side, the firm regularly advises blue-chip clients on governance, structuring and compliance issues. The firm has a pan-India presence with offices in New Delhi, Mumbai, Delhi, Bengaluru and Kolkata. Its New Delhi office was launched in 2022 and caters specifically to the firm’s corporate clients. Krishnava Dutt, the firm’s managing partner, specialises in banking and finance, corporate and M&A and restructuring and insolvency.  

Restructuring and insolvency

Work highlights 

Representing the liquidator of Concast Steel & Power in one of the largest liquidation cases under the insolvency and bankruptcy code 

Acted the Resolution Professional in the insolvency proceedings of Supertech. 

Corporate and M&A

Work highlights 

Advised HDFC on its $60 billion merger with HDFC Bank, India’s largest ever M&A transaction.  

Assisted Assets Care and Reconstruction Enterprise on the purchase of distressed loans from HDFC.  

Acted for the Board of Control for Cricket in India on the Indian Premier League Media Rights auction for the 2023-2027 cycle. 

Represented Tata Steel in the formulation of schemes and other related aspects in the proposed mega merger involving seven of its subsidiary and associate companies into Tata Steel.  

Banking and finance

Work highlights 

Advised State Bank of India and Union Bank of India on the grant of a rupee term loan to Shrem IviT 

Acted for Canara Bank and other lenders in their financing of a greenfield technical ammonium nitrate plant.