IndusLaw

IndusLaw is highly ranked in corporate and M&A and private equity practices as well as banking and financial services, energy and media and entertainment sectors. Senior partner Srinivas Katta and partner Anindya Ghosh are the frequent leaders of the corporate and M&A and private equity deals. During the research period, the firm welcomed Sudipta Routh from Samvad Partners, boosting its business in corporate and M&A and private equity. Amit Jajoo, Palecanda Chinnappa and the other three dispute resolution partners also joined the firm, while Nikhilesh Rao left the firm for Khaitan & Co in December 2018.

Banking and finance

Work highlights

Acted for Avendus in relation to offering debt financing to Securens Systems, which consists of providing a facility from its non-banking financial company and the issue of non-convertible debentures to the AIF of Avendus for refinancing Securens’ loans and capital expenditure.

Key clients

AMP Solar India, BlackSoil Capital, Elara Technologies, IndusInd Bank, Evergreen Mahuva Windfarms

Competition/antitrust

Work highlights

Represented Builders Association of India, an association of infrastructure companies in India, in filing a complaint about the cartelisation among a number of cement companies before the Competition Commission of India.

Key clients

Betul Oils, Excel Crop Care, Hindustan Rubbers (Silvasa), Forech, Schott

Construction

Work highlights

Advised ReNew Power in relation to the development of a 300MW wind power project in Ghadsisa, Gujurat with General Electric as the original equipment manufacturer and engineering, procurement and construction contractor. The firm advised the client on both the transaction structure and the engineering, procurement and construction contract. 

Key clients

Canadian Solar, Enel Green Power, Evergreen Power

Corporate and M&A

Work highlights

Represented Wipro, a global IT, consulting and business services company in India, in the $405 million divestment of its data centre business to Ensono, a hybrid IT solutions provider, which involves the transfer of around eight data centres and 900 employees.

Represented Agritrade Resources, a listed company on the HKSE, on the acquisition of SKS Power Generation (Chhattisgarh) through a one-time settlement of approximately $185 million for its outstanding debt owed to State Bank of India, L&T Infrastructure Finance Company and PTC (India) Financial Services.  

Key clients

Alight Solutions, Cleartrip, Ebix, NobleTek, NobleTek PLM Solutions, Reverie Language Technologies, Tangible Play

Dispute resolution

Work highlights

Represented SAIF Partners in a petition seeking injunctive reliefs against IVision Media India, its group company Associated Broadcasting Company and other group companies before the Hyderabad bench of National Company Law Tribunal, including an order to restrain the defendants from alienating its shares and direct the investment made by the client back to IVision Media.

Key clients

ETA Engineering, ISKCON Bangalore

Intellectual property

Work highlights

Advised Times Internet on its curation of the content library for its OTT/video streaming platform, drafting, negotiating and closing various contracts related to content licensing, distribution and production of original content on ‘MX Player’.  

Key clients

First Walkin, Music Broadcast

Labour and employment

Work highlights

Advised Rajiv Bansal, the former CFO of Infosys, in arbitration proceedings against his former employer over the recovery of the remaining payments based on the non-compete obligations in the letter agreement both parties had after his resignation.

Private equity

Work highlights

Advised Accel India and Helion Venture Partners on the $110 million sale of Qwikcilver Solutions, a gift card service provider to Pine Labs. Both clients were the largest existing investors of the target company.

Key clients

Brainbees Solutions, CureFit Healthcare, Kaizen Private Equity, LGT Capital, Livspace, Oravel Stays

Regulatory

Work highlights

Advised Google Cloud team of Google India on business legal requirements, data localisation requirements in India and its impact on Google Cloud products and related contracts, competition laws, consumer protection act, and the other relevant telecom and technology regulations in the country.

Key clients

Anand Diagnostic Laboratory, Arvind, British Petroleum Singapore, Nielsen (India)

Restructuring and insolvency

Work highlights

Representing Essar Steel Industries in the corporate insolvency resolution process, including advising the client on the evolving cross-border trade financing and raw-material supply structures, preventing the erosion of value and maintaining production throughout the process.

Key clients

HDFC Bank, Jord Engineers India, ICICI Bank, MSTC, Yes Bank

Client feedback

“They are very focused on a practical approach.” – Competition/antitrust

“The firm has a committed group of lawyers who are able to adjust to clients’ requirements and maintain schedules in general.” – Corporate and M&A

“The lawyers know how to mitigate legal and business risk for clients, and they are professional, well-read, diligent and innovative.” – Corporate and M&A

“Very good at energy practice, litigation and employment laws.” – Energy

“They provide cutting-edge advice, and they have promptness and attitude to solve problems with tangible solutions.” – Energy

“Very satisfied with the product and results. Staff changes have been frequent at times, so more stability in the responsible attorney is preferred. Very responsive to inquiries on any aspect of a pending matter, sensitive to pricing issues and open to discuss alternatives with commercial perspectives.” – Dispute resolution

“The firm has brilliant litigators and knowledgeable lawyers, which means it has what's best for the client.” – Dispute resolution

“Detail-oriented.” – Labour and employment

“We have been extremely satisfied with the quality and timeliness of IndusLaw's efforts. Their availability is a big plus. They are also thorough in everything they do.” – Technology and telecommunications

Avik Biswas

“He is very hardworking and adopts a customer-focused approach. He is to the point, firm in his advice and has very good subject knowledge.”

Rahul Goel

“Rahul Goel is an outstanding counsel on telecom related matters. I have been dealing with him for many years.”

M Arun Kumar

“Analytical and resourceful.”

Saurav Kumar

“His style of work is transparent, and he is extremely empathetic and polite, He is able to find solutions, come up with innovative ideas and Mitigate legal risk.”

Avirup Nag

“Avirup is a very practical and solution-oriented lawyer who always meets the deadline and is very knowledgeable in this industry.”

Lomesh Kiran Nidumuri

“A brilliant litigator.”

Namita Viswanath

“Namita's guidance for all our requirements has been invaluable. She is knowledgeable, prompt and courteous. It's a privilege to have access to a lawyer of her calibre.”