Argus Partners




Although not as high-profile as some larger counterparts, Argus Partners has been steadily moving up the rankings on the back of its impressive client rosters and strong deal flows. 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. A new office was opened recently in Ahmedabad to complement its existing offices in Mumbai, Delhi, Bengaluru, and Kolkata. The dispute resolution team was bolstered last year already by three key hires, including that of senior partner Abeezar Faizullabhoy, and this year the team welcomed partner Maneesha Kongovi from independent practice. Other notable laterals are corporate partners Vinod Joseph from Global Infrastructure Partners and Suchita Ambadipudi, a former S&R Associates and Cyril Amarchand Mangaldas lawyer. Krishnava Dutt, the firm’s managing partner, specialises in banking and finance, corporate and M&A and restructuring and insolvency.

Dispute resolution
Work highlights

Representing the Pension Fund Regulatory and Development Authority before the Supreme Court in a matter involving the mandatory linking of Aadhaar in order to avail various benefits under government schemes.

Advised the Federation of Indian Mineral Industries before the Supreme Court in various proceedings including matters relating to constitutional and fiscal issues pertaining to iron ore mining in Karnataka.

Key clients

ABB, Edelweiss, HDFC Group, KKR, Mercedes, Volkswagen Group, Volvo, Tata Group

Restructuring and insolvency
Work highlights

Advising the interim resolution professional of Ballarpur Industries, one of the current large companies being admitted to the insolvency process.

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

Acting for KKR as a secured creditor in the insolvency proceedings against Flexituff Ventures International, Wanderland Real Estates and Seven Star Properties.

Key clients

Bank of Baroda, IL&FS Energy, IL&FS Financial Services

Corporate and M&A
Work highlights

Acted for listed housing finance company GRUH Finance on its full share-swap merger with Bandhan Bank, valued at $12 billion.

Advised Tata Steel on its acquisition of Usha Martin’s steel division. This is one of the largest deals in the steel sector in 2019 outside the framework of the insolvency and bankruptcy code.

Represented HDFC on its equity shares investment in Yes Bank.

Key clients

HDFC, Herbolab India

Banking and finance
Work highlights

Advised the consortium of lenders of Garden Silk Mills (GSM), led by Bank of Baroda, on the resolution of the GSM’s account under insolvency.

Acted for a client on the acquisition of a loan against property portfolio by an asset reconstruction arm of leading global credit fund from a non-banking financial institution.

Key clients

Bank of India, Central Bank of India, Citibank, ICICI Bank, KKR, Union Bank of India