ALMT Legal

Full-service law firm, ALMT Legal has a wide range of practices including banking and finance, capital markets, corporate and M&A, dispute resolution, labour and employment and private equity. The firm’s founder and senior partner Sameer Tapia has expertise in corporate and commercial, dispute resolution, aviation and real estate.

Banking and finance

Work highlights

Advised Central Bank of India on the financing to a borrower for the construction of a residential building in Mumbai. Besides vetting the borrower’s development rights, the firm also drafted the financing documents, security documents, including guarantees, hypothecation and mortgage.

Key clients

State Bank of India, Mashreq Bank

Capital markets

Work highlights

Provided legal counsel to the underwriters in relation to the proposed further public offering of ITI, a state-owned telecommunications equipment manufacturer.

Key clients

Penver Products

Competition/antitrust

Work highlights

Advising a healthcare and pharmaceutical company on the applicability of the Competition Act 2002 and whether filing an application before the Competition Commission is necessary. The client purchased a portfolio business of patient recovery from another healthcare company.

Corporate and M&A

Work highlights

Advised Canara Bank on its proposed divestment of controlling stake in Can Fin Homes, an Indian housing finance company, including matters related to documentation and regulatory approvals from Securities and Exchange Board of India, Reserve Bank of India and Competition Commission.

Key clients

Comity Designs, KEF Infrastructure, Khan Global Engineering Services, R3 Crop Care, Virtusa Corporation, Virtusa Consulting Services

Dispute resolution

Work highlights

Represented an Australian pharmaceutical company in a summary suit filed by an Indian company for the recovery of $694,000 against its agency fees for facilitating the sale of the client’s Australian pharmaceutical business as agreed upon under the alliance search agreement. 

Intellectual property 

Work highlights

Acted for a manufacturer and retailer of ready-made garments in Mumbai in a dispute concerning trademark infringement and the sale of garments with the trademark at a much lower price before the Bombay High Court. The firm successfully settled the case with the return of the infringing products and a monetary settlement for the client.

Labour and employment

Work highlights

Advising a UK radiation therapy technology developer on alternate ways of hiring employees, visa application, tax implications, and other relevant labour laws and requirements in India.

Private equity

Work highlights

Advised a venture capital on the Re330 million acquisition of a majority stake in Ant Creditex Technologies, an intermediary between lenders and borrowers.

Advised SIDBI Venture Capital on its Re15 million follow-on investment in Shree Sauparnika Exports, a woven fabric garments manufacturer. The firm also drafted and finalised the supplementary subscription cum shareholders’ agreement for the transaction.

Key clients

August Jewellery, Clix Capital, Techmed Healthcare & Diagnostics