Darshan Upadhyay, Gaurav Nair, Nidhish Mehrotra
Compared to some years ago when the Indian legal market was dominated by big names, we are now seeing the emergence of cutting-edge boutique law firms that are rivalling the former expertise and client service. Leaders from three such firms speak to ALB about their firms’ strategies, the impact of the pandemic and their future plans.
ALB: Can you tell us about your firm? When was it founded, and how has the journey been so far?
DARSHAN UPADHYAY: Stratage Law Partners is an acutely specialised, solution-oriented, and value-driven law firm. Our areas of practice are private equity, M&A, litigation (shareholders, governance-related and regulatory disputes), insolvency and real estate. We also do niche and select advisory work with family offices on their succession planning and wealth management.
Will JSW Steel close BPSL deal sans SC nod?
December 23, 2020
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Nothing can stop the firm from offering a bit more if all lenders agree: Legal expert
Lenders continue to financially support Bhushan Power and Steel (BPSL) even as its NCLT-approved sale to JSW Steel and the EBITDA of over ₹3,000 crore accumulated during the insolvency period remain contentious issues.
Bankers have been pushing JSW Steel to seal the over 3.5-year-old insolvency case, since the Supreme Court has not stayed the IBC process even while agreeing to hear the petitions filed by the Enforcement Directorate and the BPSL promoter Sanjay Singal.
The Supreme Court had directed the lenders to refund the money to JSW Steel if the verdict goes against the deal.