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19 Jun '21

Khaitan & Co expands its regional presence in Chennai - brings Assentio Legal within its fold

Khaitan & Co, in keeping with its philosophy of offering its clients top-drawer legal advisory services and support at their doorsteps, boosts its regional presence in Chennai by bringing in Assentio Legal, a boutique law firm based in South India within its fold effective 1 July 2021.

Assentio Legal is a South Indian law firm, founded by partners Thriyambak Kannan, Rohan Cherian and Renu Gopalakrishnan. They join us together with their team of associates and support staff at our Chennai and Bengaluru offices, respectively.

Thriyambak specialises in corporate, commercial and civil litigation, advising on issues arising under the Insolvency and Bankruptcy Code and has also acted as a sole arbitrator in court appointed mandates. Rohan’s expertise lies in general corporate and commercial advisory, mergers & acquisitions, private equity and venture capital, and transactional support across sectors. Renu’s experience ranges from representing business houses on their inbound and outbound acquisition strategies, mining, trading and trade financing.

Haigreve Khaitan, Senior Partner, Khaitan & Co, while welcoming the Assentio Legal team said, "We are delighted to welcome the Assentio Legal team into our firm. They bring in the right set of talent and values which makes them an ideal match for our presence in South India. We are certain that with their deep experience and understanding of the South Indian market, their excellent track record and skillset will enable us to significantly contribute to our clients with enhanced expertise and execution capabilities.”

Amar Sinhji, Executive Director – Human Resources said, “The team’s expertise, excellent track record and know-how of the Chennai and Bengaluru markets, will help us further expand our presence in these cities and strengthen the Firm’s capabilities, especially in the Dispute Resolution and Corporate practices. We warmly welcome Thriyambak, Rohan, Renu and all the members of their team to our Khaitan & Co family.”

Echoing Amar, Thriyambak J. Kannan,  said, “We are thrilled to have integrated our practice with Khaitan & Co and are immensely grateful to our clients for the opportunities and faith they have reposed in us so far. As we adorn our new roles as Partners and lawyers at Khaitan & Co, we look forward to continuing our long-standing relationship with our clients and working with the Khaitan & Co team.”

The focus of the Chennai office will be on advising clients on general corporate and commercial advisory, M&A, Private Equity and Venture Capital, Solvent and Insolvent Restructuring, Private and Public Investments, Real Estate and Dispute Resolution matters including mediation, domestic and international arbitrations.

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iconErgo Update

31 Aug '20

Supreme Court reiterates suit to commence De Novo after return of plaint under order VII Rule 10 and 10a of the Code of Civil Procedure, 1908

By decision dated 5 August 2020 in M/s EXL Careers & Anr. vs. Frankfinn Aviation Services (P) Ltd. (CA No. 2904 of 2020), a three judge bench of the Hon’ble Supreme Court resolved conflicting views in two of its earlier division bench judgments - ONGC vs. Modern Construction & Company(2014)1SCC648 (‘ONGC’) and Joginder Tuli vs. S. L. Bhatia (1997) 1 SCC 502 (‘Joginder Tuli’). It approved ONGC and held that a suit filed in a court having jurisdiction after the return of plaint under Order VII Rule 10, Civil Procedure Code, 1908 (‘CPC’) is to be treated as a fresh filing and Oriental Insurance Company Ltd. vs. Tejparas Associates and Exports Pvt. Ltd. (2019) 9 SCC 435 (‘Oriental Insurance’) was overruled.

Vivek Jhunjhunwala

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25 Mar '20

COVID 19 MCA continues to reduce compliance burden for Companies and LLPs

With the increase in COVID 19 cases in India, the Indian Government announced a complete nationwide lockdown for 21 days starting from 00:00 hours of 25 March 2020. Knowing that this unprecedented lockdown will further disrupt the business continuity of all sectors, the Hon’ble Finance Minister, Ms. Nirmala Sitharaman (FM) on the afternoon of 24 March 2020 announced a slew of fiscal and monetary stimulus measures giving companies a huge sigh of relief in these trying times. Continuing the theme of FM, the Ministry of Corporate Affairs (MCA) in the evening of 24 March 2020 granted further relaxations from few statutory compliances under the Companies Act, 2013 (CA 2013) to companies and limited liability partnerships (LLP) vide a circular bearing no. 11/2020. These new relaxations are in addition to earlier relaxations granted by MCA on 19 March 2020 – elaborated in our earlier Ergos dated 21 March 2020 and 24 March 2020.

Sharad Abhyankar, Manisha Shroff

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