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1. Trilegal, CAM act on ARCIL’s INR 732.9 crore IPO

Trilegal, CAM act on ARCIL’s INR 732.9 crore IPO - Industry - 1 min read Trilegal, CAM act on ARCIL’s INR 732.9 crore IPO The transaction also marked the world’s first listing of a pure-play private-s

Trilegal, CAM act on ARCIL’s INR 732.9 crore IPO

Trilegal, CAM act on ARCIL’s INR 732.9 crore IPO - Industry - 1 min read Trilegal, CAM act on ARCIL’s INR 732.9 crore IPO The transaction also marked the world’s first listing of a pure-play private-sector asset reconstruction company. Trilegal has advised Asset Reconstruction Company (India) Limited (ARCIL) on its initial public offering (IPO), through which the company raised INR 732.9 crore. Cyril Amarchand Mangaldas (CAM) acted as legal counsel to the book-running lead managers (BRLMs). Trilegal also advised SBI, one of the selling shareholders, in connection with the IPO. The IPO comprised an offer for sale of equity shares by institutional investors, including Avenue India, Federal Bank, Lathe Investment and State Bank of India (SBI). The offer marked the first-ever IPO and listing of an asset reconstruction company in India. ARCIL is engaged in the business of acquiring stressed assets from banks and financial institutions and implementing resolution strategies, including through restructuring, enforcement of rights over underlying securities and settlements, with a focus on maximising recoveries. Trilegal’s team advising ARCIL was led by partners Bhakta Patnaik and Albin Thomas, with support from senior associate Somya Jena and associates Akanksha Goel, Tushar Chitlangia and Adhish Mohanty.

2. Tata Sons row: Legal experts weigh Chandrasekaran reappointment dispute

Tata Sons row: Legal experts weigh Chandrasekaran reappointment dispute - Industry - 8 min read Tata Sons row: Legal experts weigh Chandrasekaran reappointment dispute The legal dispute over N Chandra

Tata Sons row: Legal experts weigh Chandrasekaran reappointment dispute

Tata Sons row: Legal experts weigh Chandrasekaran reappointment dispute - Industry - 8 min read Tata Sons row: Legal experts weigh Chandrasekaran reappointment dispute The legal dispute over N Chandrasekaran’s reappointment as chairman of Tata Sons is centred on a few provisions in the company’s Articles of Association (AoA), particularly Articles 118 and 121. While the Tata Trusts have said the September 17 board resolution is illegal, the board has clearly proceeded on a different interpretation of the Articles. The issue gained significance after Tata Trusts nominee director Noel Tata voted against Chandrasekaran’s reappointment, while the board proceeded with the resolution after relying on a casting-vote mechanism. The first issue is whether the board’s majority vote was sufficient to approve Chandrasekaran’s reappointment despite the dissent of one of the two Tata Trusts nominee directors. The dispute turns on whether the affirmative vote requirement applicable to the Trust nominees operates as an additional threshold over and above the overall board majority. “Both sides are relying on legal opinions. Strictly speaking, it’s difficult to say whether the reappointment will be considered valid or invalid,” she added. “The validity of the reappointment turns principally on the construction of Articles 118 and 121 of Tata Sons’ Articles of Association. Article 121 requires the affirmative vote of a majority of the directors appointed under Article 104B for matters requiring a majority decision of the Board, while also providing for a casting vote in case of an equality of votes. Therefore, the fact that the Board resolution was approved by a majority does not, by itself, resolve whether the specific voting requirements under the Articles were satisfied,” said Ketan Mukhija, partner and co-head of PE & VC at Kochhar & Co. “A board…

3. Karnataka High Court upholds ED seizure of Genpact’s Gurugram office

Karnataka High Court upholds ED seizure of Genpact’s Gurugram office - Litigation - 2 min read Karnataka High Court upholds ED seizure of Genpact’s Gurugram office Justice Suraj Govindaraj issued the

Karnataka High Court upholds ED seizure of Genpact’s Gurugram office

Karnataka High Court upholds ED seizure of Genpact’s Gurugram office - Litigation - 2 min read Karnataka High Court upholds ED seizure of Genpact’s Gurugram office Justice Suraj Govindaraj issued the order on Sept 16 based on two petitions filed by Genpact India. Bengaluru: Karnataka High Court upheld Enforcement Directorate’s (ED) seizure of Genpact India’s head office in Gurugram. But it cancelled ED’s refusal to let Genpact invest $100 million in its GIFT City company because ED gave no reasons for saying no. ED must now decide again and explain its decision. Justice Suraj Govindaraj issued the order on Sept 16 based on two petitions filed by Genpact India. ED seized the Gurugram property on Feb 3 under Section 37A of Foreign Exchange Management Act (FEMA). The action is linked to a 2015 deal in which Genpact group companies borrowed about $737.5 million abroad and brought the money into India through debentures, a type of loan. ED says the money was quickly sent back out, leaving the Indian company with the debt.

4. Centre notifies appointment of 14 judicial officers as judges in four High Courts

Central government notifies appointment of 7 judicial officers as Delhi High Court judges The Central government on Saturday notified the appointment of seven judicial officers as judges of the Delhi

Centre notifies appointment of 14 judicial officers as judges in four High Courts

Central government notifies appointment of 7 judicial officers as Delhi High Court judges The Central government on Saturday notified the appointment of seven judicial officers as judges of the Delhi High Court. Nivedita Anil Sharma and Nisha Sahay Saxena have been appointed permanent judges. Sanjay Sharma, Bharat Parashar, Aditi Choudhary, Dinesh Bhatt and Arun Bhardwaj have been appointed as additional judges. Arun Bhardwaj is the incumbent Registrar General of Delhi High Court. Notably, the Supreme Court Collegium had on September 10 recommended the names of eight judicial officers for appointment as Delhi High Court judges. Of these, only seven names have been cleared by the Central government. Gurvinder Pal Singh is not among the names cleared for judgeship by the Centre today. The Delhi High Court, which has a sanctioned strength of 60 judges, is currently functioning with 44 judges, with a vacancy position of 16. --- Centre notifies appointment of 14 judicial officers as judges in four High Courts - Web Stories - 2 min read Centre notifies appointment of 14 judicial officers as judges in four High Courts Acting on the recommendations of the Supreme Court Collegium, the Centre has notified the appointment of 14 judicial officers as judges and additional judges in four High Courts, including Delhi, Jharkhand, Karnataka, and Jammu & Kashmir and Ladakh.

5. Delhi HC to get seven new judges on Monday, bumping total strength to 50

Delhi HC to get seven new judges on Monday, bumping total strength to 50 - Web Stories - 1 min read Delhi HC to get seven new judges on Monday, bumping total strength to 50 Seven judicial officers wil

Delhi HC to get seven new judges on Monday, bumping total strength to 50

Delhi HC to get seven new judges on Monday, bumping total strength to 50 - Web Stories - 1 min read Delhi HC to get seven new judges on Monday, bumping total strength to 50 Seven judicial officers will take their oath of office for the Delhi High Court on Monday. Chief Justice D K Upadhyaya will administer the oath to the seven new appointees. - Updated On Sep 21, 2026 at 02:02 AM IST New Delhi: Seven judicial officers of the trial court will take the oath of office for the Delhi High Court on Monday, taking its strength to 50. Chief Justice D K Upadhyaya will administer the oath to Nivedita Anil Sharma, Nisha Sahay Saxena, Sanjay Sharma, Bharat Parashar, Aditi Choudhary, Dinesh Bhatt and Arun Bhardwaj, who were serving as judicial officers in the district judiciary here. The swearing-in ceremony will be held in the high court premises at 10 am. The central government notified the seven new appointments on September 19 after the Supreme Court collegium made a recommendation in favour of these judicial officers. Advt - Published On Sep 21, 2026 at 02:02 AM IST All Comments By commenting, you agree to the Prohibited Content Policy PostBy commenting, you agree to the Prohibited Content Policy PostFind this Comment Offensive? Choose your reason below and click on the submit button. This will alert our moderators to take actionsREASONS FOR REPORTING Join the community of 2M+ industry professionals.

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