Link Legal India Law Services has a broad disputes practice covering a wide range of sectors including aviation, banking and financial services, construction and energy. The team has been very active the past year, and its arbitration work is on the upswing.
Co-managing partners Atul Sharma and Nusrat Hassan lead a team of 12 partners that run the dispute resolution group. Other partners include Milanka Chaudhury, Anand Srivastava, Abhishek Sharma, Dinesh Pardasani, Prasad Dhande, Ravi Varma, Sidhartha Srivastava and Sanjay Gupta.
In a recent landmark supreme court judgement, the firm featured by representing members of the Independent Power Producers Association of India (IPPAI) in a writ petition challenging the Banking Regulation Act and a circular issued by the Reserve Bank of India. The main challenge by IPPAI was that its members were not wilful defaulters and the reasons for stressed assets in the power sector were beyond the control of the client. The Supreme Court quashed the circular as being ultra vires, bringing far-reaching impact across all sectors of the country as the circular directed all banking companies to mandatorily initiate insolvency proceedings against stressed assets if compliances under the circular were not completed within 180 days.
During the research period, the firm acted for SpiceJet and Ajay Singh in a petition of an arbitral award before the Delhi High Court. An arbitration claim was filed by KAL Airways Kalanithi Maran with respect to various share sale and purchase agreement disputes. The dispute was unique in that the claimants, amongst other reliefs, also sought for restitution. The tribunal ultimately pronounced its final award, concluding that no breach of the agreement could be attributed to the firm’s clients.
Partner Sanjay Gupta was hired from Bhasin & Co. Departures included partner Saloni Gupta who left to go in-house at Apple and partner Nikhil Rodrigues who also took up an in-house post elsewhere.
Key clients of the firm include Alstom Systems India, Delhi Airport Metro Express Private, Drake & Scull Water and Energy India, Ramky Infrastructure and Soma Enterprise.
“The service is of a very high quality.” – Commercial arbitration
Dinesh Pardasani *moved to DSK Legal
“He is good in the preparation of pleadings and legal submissions, and also effective in arguments.”