Argus Partners




Argus Partners continues to do well in 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. The firm has a pan-India presence with five offices in Ahmedabad, Mumbai, Delhi, Bengaluru, and Kolkata. Krishnava Dutt, the firm’s managing partner, specialises in banking and finance, corporate and M&A and restructuring and insolvency. The firm welcomed corporate and finance partners Rachika Agrawal and Prashanth Sabeshan from HSA Advocates and AZB & Partners, respectively.

Dispute resolution

Work highlights 

Representing Sociedade de Fomento Industrial Private against a shareholder, who filed a petition before the National Company Law Tribunal (NCLT) claiming oppression and mismanagement.

Advocating a claim of specific performance of business transfer agreement by Super-Max Personal Care Private before an arbitral tribunal.

Advising Skoda Auto Volkswagen India on a special leave petition pending in the Supreme Court of India challenging the decision of the Delhi High Court. The client had challenged the constitutionality of certain provisions of the Competition Act, including the composition of the Commission and the manner of conducting proceedings before the Delhi High Court.

Representing Mcnally Bharat Engineering Company in an arbitration against Singareni Collieries Company.

Key clients

Mercedes Benz India, Mcnally Bharat Engineering Company, Patel Engineering, Tatva Global Environment, Thermax, Western Concessions Private

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.

Acting for Padma Chowgule in the recent restructuring of the Chowgule Group.

Corporate and M&A

Work highlights 

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

Acted for OAKS Asset Management, an existing shareholder of Incred Financial Services, on the merger of its non-banking lending business with KKR India Financial Services.

Represented India Resurgence Fund, promoted by Piramal Enterprises and Bain Capital Credit, in their investment in Gujarat-based Setco Group.

Key clients

Polygenta Technologies, Plutus Wealth Management, Tata Steel, V’Ocean Investments

Banking and finance

Work highlights 

Advised HDFC on various credit facilities provided by them under the Emergency Credit Line Guarantee Scheme formulated by the Department of Financial Services.

Acted for HDFC on the issuance of credit facilities to JTPM Metal Traders Private.

Represented Union Bank of India on its loan to a renewable energy company in India for a solar park power project in Maharashtra.