Competition Newsletter
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Looking into What’s Inside and Beyond the New Online Gaming Rules
Luthra and Luthra Law Offices India’s Partner, Harish Kumar along with Managing Associate, Itee Singhal sheds light on the recently notified online gaming rules, the gaps, and the challenges which the rapidly growing gaming industry is likely to face, in an intriguing article titled – “𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐈𝐧𝐭𝐨 𝐖𝐡𝐚𝐭’𝐬 𝐈𝐧𝐬𝐢𝐝𝐞 𝐀𝐧𝐝 𝐁𝐞𝐲𝐨𝐧𝐝 𝐓𝐡𝐞 𝐍𝐞𝐰 𝐎𝐧𝐥𝐢𝐧𝐞 𝐆𝐚𝐦𝐢𝐧𝐠 𝐑𝐮𝐥𝐞𝐬”. Hitherto, there has been a legislative
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Appeal against CCI fines only after depositing 25%
In a recent development, businesses now need to make a deposit of 25% of the imposed fine to file an appeal against CCI fines. This new regulation aims to streamline the process and ensure a fair playing field for all. Luthra and Luthra Law Offices India’s Partner, G R Bhatia shared his insights with the Financial Express (India) regarding
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Fractional Ownership Platforms Make Commercial Reality Accessible
Partner, Harish Kumar provides valuable perspectives to Business Standard regarding the regulation of fractional ownership. In an informative discussion, he highlights the resemblance between fractional ownership and MSM (micro, small, medium) REITs, which are subject to the regulations set by Sebi (Real Estate Investment Trusts). He further explains that those who can invest Rs 10-25 lakh, but may not
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IBC Conclave 2023
Luthra and Luthra Law Offices India, Partner Piyush Mishra will be an esteemed speaker at the IBC Conclave 2023 organised by The Institute of Chartered Accountants of India on the topic ‘Jurisprudence on claims under CIRP and Liquidation’ at Hotel Hindustan International in Kolkata today.
Advised Indian Renewable Energy Development Agency Limited in connection with financial assistance availed
Luthra and Luthra Law Offices India advised Indian Renewable Energy Development Agency Limited in connection with financial assistance availed by 5 SPVs of the ACME Group from Lender aggregating up to INR 12940.39 million for the purpose of refinancing of 5 solar renewable energy power projects having an aggregate capacity of 173 MW in the State of Andhra Pradesh. The transaction team consisted of Senior
The Largest-Ever EV Asset Financing Deal in India
Deal advisory Luthra and Luthra Law Offices India advised and acted for Power Finance Corporation Ltd. (PFC) in connection with financial assistance aggregating up to INR 6330 Million sanctioned to Gensol Engineering Limited for financing acquisition of 5000 passenger EVs (electric four-wheeler cars) and 1000 cargo EVs (electric three-wheeler vehicles). The passenger EVs will be operated by BluSmart Mobility on its ride
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Represented and advised Cotonificio Honegger S.P.A. in divesting its entire stake in ‘Raymond Luxury Cottons Limited’
Luthra and Luthra Law Offices India represented and advised Cotonificio Honegger S.p.A., Italy (“Cotonificio”), in divesting its entire stake in ‘Raymond Luxury Cottons Limited’, a joint venture with Raymond Limited. The joint venture is in the business of high-value cotton shirting and has manufacturing facilities in Kolhapur and Amravati in Maharashtra. The transaction was jointly led by Sanjay Kumar (Litigation
New Sebi code a wet blanket for broker calls, TV appearances.
Partner, Harish Kumar, shared his thoughts with LiveMint in a story titled – New Sebi code a wet blanket for broker calls, TV appearances On 1st May 2023, a fresh code by the Securities And Exchange Board Of India (SEBI) took effect for Registered Investment Advisors (RIAs) and Research Analysts (RAs). This code outlines that advertisements encompass any type of
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Advised Atozlearn Edutech Private Limited in its INR 11 crore Pre-Series A Fundraise
Luthra and Luthra Law Offices India advised Atozlearn Edutech Private Limited (ixamBee.com) in its INR 11 crore Pre-Series A fundraise led by S Chand And Company Limited (S Chand) and Mukesh Sharma Family Trust, including an infusion from existing investor Inflection Point Ventures. The funding round also consisted of a secondary transaction of INR 3 crore. The transaction team was
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