Argus Partners
Asia-Pacific Guide 2024
About
Firm Details:
Managing Partner: Krishnava Dutt
Number of partners: 22
Number of lawyers: 150
Firm Overview:
Argus Partners is a leading Indian law firm with offices in Mumbai, Delhi, Bengaluru and Kolkata.
Innovative thought leadership and ability to build lasting relationships with all stakeholders are the key drivers of the Firm. The professionals of the firm are business lawyers who understand business and financial issues that help in identifying real risks and provide practical legal solutions to drive the growth of the clients’ business.
Each of the lawyers are trained to have a multi-disciplinary and holistic approach while addressing any issue and to offer the most efficacious legal solutions to the clients’ business needs. The Firm’s approach is to treat each client as the only client. The Firm strives to understand their business, aspirations, concerns and constraints in order to structure transactions in a manner that enables clients to efficiently overcome business challenges and effectively achieve their goals.
The Firm has built a formidable reputation for its consistent high performance. The Firm, the partners and associates have a rich domestic and international experience and have been recognised and awarded by several publications. Presence across India gives the Firm a distinct advantage in serving its clientele that includes industry and business leaders in all segments of the market.
Practice Areas:
- Corporate and M&A
- Banking & Finance
- Restructuring & Insolvency
- Private Equity & Venture Capital
- Technology & Data Privacy
- Sports & Gaming
- Fintech
- Disputes & ADR
- Energy & Infrastructure
- Real Estate & Real Estate Financing
- Labour & Employment
- Competition
- Indirect Tax
- Estate Succession & Planning
Key Work Highlights:
- Argus Partners has successfully represented the erstwhile Housing Development Finance Corporation Limited (since merged with HDFC Bank) ("HDFC") before the Supreme Court, against Infrastructure Leasing and Financial Services Limited ("IL&FS").
- Advised Tata Steel Limited on its investment in one of the biggest industrial RTC power projects in India under Group Captive Regime.
- Advised BCCI on the media rights auction for International and Domestic Matches of the Indian Cricket Team.
- Advised HDFC Limited in its proposed merger with HDFC Bank to create India`s second largest bank. This deal marks India’s largest ever public M&A transaction valued at USD 60 billion.
- Advised the Board of Control for Cricket in India (BCCI) on the media rights auction for the 2023-2027 cycle of the Indian Premier League (IPL) for more than USD 6 billion.
- Advised BCCI on the Women`s Premier League (WPL) media rights and teams auction.
- Advising Tata Steel in the proposed mega-merger involving Tata Steel and seven of its subsidiary/ associate entities into Tata Steel.
- Advised GRUH Finance (a subsidiary of HDFC Limited) on its merger with Bandhan Bank. This deal pertained to a merger of a listed bank with a listed housing finance company. This deal was one of the largest in the financial services sector with a combined market cap of USD 12 billion.
- Advised HDFC Limited on its acquisition of a stake in Yes Bank made pursuant to a scheme of reconstruction of Yes Bank notified by the Central Government owing to the deteriorating financial health of Yes Bank.
- Advised Tata Steel on its acquisition of Usha Martin (Steel Division) in one of the largest deals in the steel sector outside the framework of the Insolvency and Bankruptcy Code.
- Advised the Resolution Professional (who was assisted by Grant Thornton) on the acquisition of Monnet Ispat by the consortium of JSW Steel and AION Capital.
- Advised Mukand Limited on its joint venture with Sumitomo Corporation, Japan for setting up of a special steel plant
- Advised the committee of creditors of Binani Cement Limited on the acquisition of Binani Cement Limited by UltraTech Cement Limited.
- Advised fintech unicorn, CRED (Dreamplug Technologies Private Limited), on raising USD 140 million in its Series F funding round with a post money valuation of USD 6.4 billion.
- Advising and representing the Volkswagen Group in India which handles premium brands like Audi, Lamborghini, Porsche, Skoda Auto Volkswagen India Private Limited and also, Mercedes Benz in various fora including the Supreme Court, High Court, Competition Commission and Consumer Forum from time to time.
- Advising and representing the Ex. Partners of Price Waterhouse in the Satyam Scam before various fora like SEBI, SAT, High Courts, Supreme Court, ICAI, etc.
- Representing Sardar Syedna Taher Saifuddin before the Supreme Court of India in the matter relating to rights of the Dawoodi Bohra community regarding ex-communication of its members.
Offices:
Mumbai
11, 1st Floor,
Free Press House
215, Nariman Point
Mumbai – 400021
T: +91 22 67362222
Delhi (ITO)
Express Building,
9 – 10 Bahadur Shah Zafar Marg
Delhi – 110002
T: +91 11 23701284/5/7
Delhi (Okhla)
155, ESC House, 2nd floor,
Okhla Industrial Estate, Phase 3,
New Delhi – 110020.
T: +91 11 45062522
Bengaluru
68, Nandidurga Road,
Jayamahal Extension,
Bengaluru – 560046.
T: +91 80 46462300
Kolkata
Binoy Bhavan,
3rd Floor, 27B Camac Street,
Kolkata – 700016.
T: +91 33 40650155/56
Other Contact Details:
Email: [email protected]
Website: www.argus-p.com
Ranked Offices
Provided by Argus Partners
- Mumbai11, 1st Floor, Free Press House, 215, Nariman Point, Mumbai, Maharashtra, India, 400021
- Web: www.argus-p.com
- Tel: +91 22 67362222
- View ranked office
Argus Partners rankings
Articles, highlights and press releases
41 items provided by Argus Partners
Advised His Holiness Dr Syedna Mufaddal Saifuddin in the landmark Dawoodi Bohra Community judgement
Argus Partners has successfully represented His Holiness Dr Syedna Mufaddal Saifuddin before the Bombay High Court in a case concerning the Dawoodi Bohra Community.
Advised Zeno Health on its acquisition of Tablt Pharmacy
Advised Zeno Health (Workcell Solutions Private Limited), a health-tech startup and omnichannel pharmacy platform for generic and branded medicines, on its acquisition of certain assets and liabilities, on a slump sale basis, from a Kolkata-based startup, Tablt Pharmacy.
Advised SWAMIH Investment Fund I on its investment in the Hubtown Group project 'Rising City'
Argus Partners has advised SWAMIH Investment Fund I on its investment in the residential project ‘Rising City’ being developed by the Hubtown Group in Ghatkopar, Mumbai.
Advised Dalmia Polypro Industries on securing a USD 30 million external commercial borrowing.
Argus Partners advises Dalmia Polypro Industries on raising USD 30 million external commercial borrowing from DFC for establishing a greenfield recycling facility in Maharashtra.
Argus Partners advises pharmacy start-up, Zeno Health on its $25 million Series C funding round
We are pleased to share that Argus Partners has advised Zeno Health, a health-tech startup and omnichannel pharmacy platform for generic and branded medicines, on raising $25 Million in its Series C funding round.
Argus Partners advises electric vehicle charging infrastructure startup, Exponent Energy
Argus Partners advises electric vehicle charging infrastructure startup, Exponent Energy on raising $26.4 million in a Series B round led by Eight Roads Ventures
Green Hydrogen (Series 2) - A Practical Insight Into Green Hydrogen Project Development
The green hydrogen sector has seen rampant development in recent years with the international community showing significant interest in reducing the reliance on fossil fuels and preventing harmful climate change.
Angel Tax And The (Un)Ease Of Doing Business In India
The provisions relating to angel tax in the Income Tax Act, 1961 (“IT Act”) were primarily introduced to regulate funding received by unlisted companies from angel investors and specifically, to curb money laundering and funnelling of black money into the start-up ecosystem.
The Exclusive Jurisdiction Of Courts Regarding Wills
A probate, as per the Indian Succession Act, 1925 (“Succession Act”), means a copy of a will certified under the seal of a court of competent jurisdiction with a grant of administration to the estate of the testator.
Green Hydrogen (Series 1) Framework and Developments in India
In this first part of the Green Hydrogen series, we delve into the initiatives implemented by both the central and state governments.
It is undeniable that over the last two decades or so, technology has taken a huge leap forward. This is even more true in the case of personal technology, or gadgets, that we use in our daily life for everything, from work to social interactions, consuming news, shopping, and everything in between.
Navigating Crossroads Of Ibc And Rera: Are We There Yet With Addressing Homebuyers’ Woes?
Earlier this year, the Ministry of Corporate Affairs (MCA) proposed some sweeping changes in the insolvency regime for real estate projects.
Is Online Rummy Chancier Than An Offline Round?
States are running out of options in their efforts to ban online rummy. Jurisprudence has consistently held that rummy is a game of skill, and games of skill are legitimate business activities protected by the Constitution.
The Digital Personal Data Protection Bill 2022 - An Analysis
The draft Digital Personal Data Protection Bill, 2022 (“DPDPB”) was released on November 18, 2022 by the Ministry of Electronics and Information Technology (“MeitY”) for public consultation, pursuant to its withdrawal of the draft Personal Data Protection Bill 2019 (“PDPB 2019”) in August 2022.
RERA Regime - The Exemption Conundrum
Over the years, since the enactment of the Real Estate (Regulation and Development) Act, 2016 (“RERA”), the authorities constituted under RERA (“Authority(ies)”) have adjudicated on various complex issues stemming therefrom.
Changes to the Merger Control Regime in India
Recently the Indian Parliament approved the Competition (Amendment) Bill, 2022 (“Bill”) which introduces significant changes to the Competition Act, 2002 (“Act”). The Bill, inter alia, introduces changes to the merger control regime, seeks to broaden the scope of anti-competitive agreement.
Banks and other financial institutions have always been at the forefront of technology usage for their business purposes. This is usually driven by the need to cut costs, make more profits for shareholders and provide better customer service. The first Automatic Teller Machine was set up in Mumbai.
Roadblock For Input Tax Credit Of Expenditure Incurred On Corporate Social Responsibility
Budget 2023 has set forth a proposal of myriad of amendments, including those having a major implication in the hands of assessees at large. Amongst others, one of the amendments pertain to restriction of input tax credit (ITC) on goods or services used or intended to be used.
SEBI's Proposal For Providing Exits From AIFs - A Critique
On February 3, 2023, the Securities and Exchange Board of India (“SEBI”) issued a consultation paper (“Consultation Paper”) which sought the views of the general public on proposals floated by SEBI for providing options to Alternative Investment Funds (“AIFs”) and their investors.
Recently, a Single Bench of the High Court of Calcutta has delivered a judgment, McLeod Russel India Limited v. Aditya Birla Finance Limited (“McLeod Russel”) in an application under Section 14 of the Arbitration and Conciliation Act, 1996[2] (“Act”).
Open Network for Digital Commerce (ONDC)
Digital commerce, over decades, has grown exponentially and reshaped the global business environment and the manner in which buyers and sellers across the globe transact with each other, leading to a fairer marketplace for all businesses, including small businesses, across the globe.
Winding Up an AIF set up in the Form of Trust
This paper seeks to outline the grounds for, and compliances involved in winding up of an “alternative investment fund” set up as a trust and discusses a few lacunae in the law in this regard and some common practical issues faced by the fund upon winding up.
Advised the BCCI for the Women’s Indian Premier League (WIPL) media rights auction for the 2023-2027
Argus Partners advises the Board of Control for Cricket in India (BCCI) for the Women’s Indian Premier League (WIPL) media rights auction for the 2023-2027 cycle
Argus Partners advises the Board of Control for Cricket in India in the Women’s Premier League
Argus Partners has advised the Board of Control for Cricket in India (BCCI) in the historic Women’s Premier League (“WPL”) teams auction.
Argus Partners advises Whiteboard Capital Fund in ApnaKlub’s Series A fundraise of $16 million
Advised Whiteboard Capital Fund in ApnaKlub’s Series A fundraise of $16 million eries A funding round of Octopolis Technologies Private Limited, which operates a B2B platform for FMCG products under the brand ‘ApnaKlub’.
Argus Partners advises commercial EV distribution and financing platform, ‘Turno’
Advised commercial EV distribution and financing platform, ‘Turno’ in raising $13.8 million.
Dawoodi Bohra Dai dispute: Bombay High Court reserves verdict in suit to decide leadership
A Single Bench of the Bombay High Court has recently reserved its verdict in a 9 (nine) year old suit, Taher Fakhruddin Saheb v. Mufaddal Burhanuddin Saifuddin, initiated for declaration of title of leadership over the Dawoodi Bohra community across the world.
Argus Partners advises Whiteboard Capital Fund in ONWO’s Seed Funding Round
Advised Whiteboard Capital Fund in relation to its participation in USD 1.6 million seed funding round of Onwo Trade India Private Limited (which operates a B2B cross-border marketplace to transact and fulfil orders of processed food products from Indian manufacturers under the brand name “ONWO”).
Argus Partners advises Tega Industries Limited
Argus Partners advises Tega Industries Limited on its resolution plan for acquisition of McNally Sayaji Engineering Limited
Advised Conscient Group on its purchase of industrial building and land from Benetton India
Argus Partners has advised an entity forming part of the Conscient Group pertaining to the purchase of industrial building and land measuring 6.6 acres in Gurugram from Benetton India.
Advised His Holiness Dr Syedna Mufaddal Saifuddin in the landmark Dawoodi Bohra Community judgement
Argus Partners has successfully represented His Holiness Dr Syedna Mufaddal Saifuddin before the Bombay High Court in a case concerning the Dawoodi Bohra Community.
Advised Zeno Health on its acquisition of Tablt Pharmacy
Advised Zeno Health (Workcell Solutions Private Limited), a health-tech startup and omnichannel pharmacy platform for generic and branded medicines, on its acquisition of certain assets and liabilities, on a slump sale basis, from a Kolkata-based startup, Tablt Pharmacy.
Advised SWAMIH Investment Fund I on its investment in the Hubtown Group project 'Rising City'
Argus Partners has advised SWAMIH Investment Fund I on its investment in the residential project ‘Rising City’ being developed by the Hubtown Group in Ghatkopar, Mumbai.
Advised Dalmia Polypro Industries on securing a USD 30 million external commercial borrowing.
Argus Partners advises Dalmia Polypro Industries on raising USD 30 million external commercial borrowing from DFC for establishing a greenfield recycling facility in Maharashtra.
Argus Partners advises pharmacy start-up, Zeno Health on its $25 million Series C funding round
We are pleased to share that Argus Partners has advised Zeno Health, a health-tech startup and omnichannel pharmacy platform for generic and branded medicines, on raising $25 Million in its Series C funding round.
Argus Partners advises electric vehicle charging infrastructure startup, Exponent Energy
Argus Partners advises electric vehicle charging infrastructure startup, Exponent Energy on raising $26.4 million in a Series B round led by Eight Roads Ventures
Green Hydrogen (Series 2) - A Practical Insight Into Green Hydrogen Project Development
The green hydrogen sector has seen rampant development in recent years with the international community showing significant interest in reducing the reliance on fossil fuels and preventing harmful climate change.
Angel Tax And The (Un)Ease Of Doing Business In India
The provisions relating to angel tax in the Income Tax Act, 1961 (“IT Act”) were primarily introduced to regulate funding received by unlisted companies from angel investors and specifically, to curb money laundering and funnelling of black money into the start-up ecosystem.
The Exclusive Jurisdiction Of Courts Regarding Wills
A probate, as per the Indian Succession Act, 1925 (“Succession Act”), means a copy of a will certified under the seal of a court of competent jurisdiction with a grant of administration to the estate of the testator.
Green Hydrogen (Series 1) Framework and Developments in India
In this first part of the Green Hydrogen series, we delve into the initiatives implemented by both the central and state governments.
It is undeniable that over the last two decades or so, technology has taken a huge leap forward. This is even more true in the case of personal technology, or gadgets, that we use in our daily life for everything, from work to social interactions, consuming news, shopping, and everything in between.
Navigating Crossroads Of Ibc And Rera: Are We There Yet With Addressing Homebuyers’ Woes?
Earlier this year, the Ministry of Corporate Affairs (MCA) proposed some sweeping changes in the insolvency regime for real estate projects.
Is Online Rummy Chancier Than An Offline Round?
States are running out of options in their efforts to ban online rummy. Jurisprudence has consistently held that rummy is a game of skill, and games of skill are legitimate business activities protected by the Constitution.
The Digital Personal Data Protection Bill 2022 - An Analysis
The draft Digital Personal Data Protection Bill, 2022 (“DPDPB”) was released on November 18, 2022 by the Ministry of Electronics and Information Technology (“MeitY”) for public consultation, pursuant to its withdrawal of the draft Personal Data Protection Bill 2019 (“PDPB 2019”) in August 2022.
RERA Regime - The Exemption Conundrum
Over the years, since the enactment of the Real Estate (Regulation and Development) Act, 2016 (“RERA”), the authorities constituted under RERA (“Authority(ies)”) have adjudicated on various complex issues stemming therefrom.
Changes to the Merger Control Regime in India
Recently the Indian Parliament approved the Competition (Amendment) Bill, 2022 (“Bill”) which introduces significant changes to the Competition Act, 2002 (“Act”). The Bill, inter alia, introduces changes to the merger control regime, seeks to broaden the scope of anti-competitive agreement.
Banks and other financial institutions have always been at the forefront of technology usage for their business purposes. This is usually driven by the need to cut costs, make more profits for shareholders and provide better customer service. The first Automatic Teller Machine was set up in Mumbai.
Roadblock For Input Tax Credit Of Expenditure Incurred On Corporate Social Responsibility
Budget 2023 has set forth a proposal of myriad of amendments, including those having a major implication in the hands of assessees at large. Amongst others, one of the amendments pertain to restriction of input tax credit (ITC) on goods or services used or intended to be used.
SEBI's Proposal For Providing Exits From AIFs - A Critique
On February 3, 2023, the Securities and Exchange Board of India (“SEBI”) issued a consultation paper (“Consultation Paper”) which sought the views of the general public on proposals floated by SEBI for providing options to Alternative Investment Funds (“AIFs”) and their investors.
Recently, a Single Bench of the High Court of Calcutta has delivered a judgment, McLeod Russel India Limited v. Aditya Birla Finance Limited (“McLeod Russel”) in an application under Section 14 of the Arbitration and Conciliation Act, 1996[2] (“Act”).
Open Network for Digital Commerce (ONDC)
Digital commerce, over decades, has grown exponentially and reshaped the global business environment and the manner in which buyers and sellers across the globe transact with each other, leading to a fairer marketplace for all businesses, including small businesses, across the globe.
Winding Up an AIF set up in the Form of Trust
This paper seeks to outline the grounds for, and compliances involved in winding up of an “alternative investment fund” set up as a trust and discusses a few lacunae in the law in this regard and some common practical issues faced by the fund upon winding up.
Advised the BCCI for the Women’s Indian Premier League (WIPL) media rights auction for the 2023-2027
Argus Partners advises the Board of Control for Cricket in India (BCCI) for the Women’s Indian Premier League (WIPL) media rights auction for the 2023-2027 cycle
Argus Partners advises the Board of Control for Cricket in India in the Women’s Premier League
Argus Partners has advised the Board of Control for Cricket in India (BCCI) in the historic Women’s Premier League (“WPL”) teams auction.
Argus Partners advises Whiteboard Capital Fund in ApnaKlub’s Series A fundraise of $16 million
Advised Whiteboard Capital Fund in ApnaKlub’s Series A fundraise of $16 million eries A funding round of Octopolis Technologies Private Limited, which operates a B2B platform for FMCG products under the brand ‘ApnaKlub’.
Argus Partners advises commercial EV distribution and financing platform, ‘Turno’
Advised commercial EV distribution and financing platform, ‘Turno’ in raising $13.8 million.
Dawoodi Bohra Dai dispute: Bombay High Court reserves verdict in suit to decide leadership
A Single Bench of the Bombay High Court has recently reserved its verdict in a 9 (nine) year old suit, Taher Fakhruddin Saheb v. Mufaddal Burhanuddin Saifuddin, initiated for declaration of title of leadership over the Dawoodi Bohra community across the world.
Argus Partners advises Whiteboard Capital Fund in ONWO’s Seed Funding Round
Advised Whiteboard Capital Fund in relation to its participation in USD 1.6 million seed funding round of Onwo Trade India Private Limited (which operates a B2B cross-border marketplace to transact and fulfil orders of processed food products from Indian manufacturers under the brand name “ONWO”).
Argus Partners advises Tega Industries Limited
Argus Partners advises Tega Industries Limited on its resolution plan for acquisition of McNally Sayaji Engineering Limited
Advised Conscient Group on its purchase of industrial building and land from Benetton India
Argus Partners has advised an entity forming part of the Conscient Group pertaining to the purchase of industrial building and land measuring 6.6 acres in Gurugram from Benetton India.