HSA Advocates

We are delighted to share an article published in The Economic Times discussing the recently introduced PAN 2.0. The Ministry of Finance, through PAN 2.0, aims to use technology to transition from prevailing processes to a fully paperless framework. Rahul Jain, Associate Counsel at HSA Advocates, provides his expert insights in this analysis. This article is part of our ongoing knowledge series, which focuses on analyzing emerging legal and commercial issues. Read the article here: https://lnkd.in/gXtbC-z8 #PAN #MinistryOfFinance #IncomeTax #HSAAdvocates Devam Singh Sharan Shetty

We are pleased to share that HSA Advocates were legal advisers to the concessioning authority Vizhinjam International Seaport Limited (VISL) in a significant transaction involving the negotiation and execution of a supplementary concession agreement with Adani Vizhinjam Port Private Limited. HSA Advocates have been the legal advisers to VISL and to the project since its inception. HSA was involved in the drafting of the bidding documents and concession agreements and has thereafter, since the successful award of the concession to the private developer, been providing project implementation support to VISL. HSA's engagement and continued involvement with the project for over a decade, is a testimony to HSA's market leading infrastructure and PPP practice. The HSA team was led by Hemant Sahai (Founding Partner) and Soumya De Mallik (Partner), with assistance from Prithviraj Chauhan (Principal Associate) and Meghana R (Associate). Read More: https://lnkd.in/gqZzTQmX

The December edition of our Corporate & Commercial Monthly Newsletter has been published on Mondaq. Our team – Armin Pardiwala (Partner), Soumya De Mallik (Partner), Prithviraj Chauhan (Principal Associate), Satyam Shrivas (Senior Associate), Debraj Ghosh (Associate) – discusses the following key developments: -- Revised Framework on Domestic Money Transfer Background Significance of the Revised Framework Conclusion -- Strengthening the overseas investment framework for mutual funds: A critical analysis of SEBI circular Introduction The Circular: A new investment era for international investments Conclusion Read more here: https://lnkd.in/ga8-JwhQ #Corporate #commercial #monthlynewsletter #HSA #Law #lawstudents #lawyers #lawfirmmarketing #lawyerlife #lawyering #lawsuits #india #inhousecounsel #legalprofession #legal #law #lawyers #lawfirms #lawdotasia

HSA Advocates advised Vizhinjam International Seaport Limited (VISL) on the supplementary concession agreement executed by and between the Government of Kerala (GoK) and Adani Vizhinjam Port Private Limited (AVPPL), a subsidiary of Adani Ports and SEZ Limited, for the development of Vizhinjam International Deepwater Multipurpose Seaport (Port), amending the concession agreement dated August 17, 2015.   VISL is the GoK agency authorised and entrusted to act as the implementing agency for the project and to exercise the rights granted to the GoK under the concession agreement.   The Port in Vizhinjam is a global transshipment hub with an intended capacity of 30 Lakh Twenty-foot Equivalent Units (TEUs). The project was delayed due to various force majeure events, including the Covid-19 pandemic, which led to certain disputes between GoK and AVPPL. GoK and AVPPL agreed to settle such disputes and mutually withdraw their claims/ counterclaims. In furtherance of this, the parties agreed to the completion of the first phase of the project by December 2024 and achieving capacity augmentation/ expansion by 2028, and a five-year extension of the concession period.   The supplementary concession agreement was prepared and executed to capture the understanding and agreement reached between the parties. Through the supplementary concession agreement, AVPPL has now agreed to achieve capacity expansion by 2028, committing/unlocking an investment of approximately Rupees ten thousand crore over the next four years. As agreed under the supplementary concession agreement, GoK will now receive a share of the Port’s revenue from 2034, as opposed to the earlier timeline of 2039. The Port commenced commercial operations from December 3, 2024.   HSA Advocates advised and assisted VISL in drafting, structuring, negotiating and finalizing the supplementary concession agreement, including provisions and understanding thereunder in relation to the revenue sharing model, further financing, railway connectivity and capacity augmentation.   HSA Advocates have been the legal advisers to VISL and to the project since its inception. HSA was involved in the drafting of the bidding documents and concession agreements and has thereafter, since the successful award of the concession to the private developer, been providing project implementation support to VISL. HSA's engagement and continued involvement with the project for over a decade, is a testimony to HSA's market leading infrastructure and PPP practice.   The HSA team was led by Hemant Sahai (Founding Partner) and Soumya De Mallik (Partner), with assistance from Prithviraj Chauhan (Principal Associate) and Meghana R (Associate). #HSAAdvocates #Infrastructure #Law

We are pleased to share an insightful article published by The Economic Times on GST reduction on Life and Health Insurance. This piece explores the implications of lowering GST rates on insurance products from 18% to 5%, without providing input tax credit. Faranaaz Karbhari, Counsel at HSA Advocates, has shared her expert perspective in this analysis. This article is part of our ongoing knowledge series, where we analyze emerging legal and commercial issues. Read the article here: https://lnkd.in/gsypSMQ5 #GST #Insurance #Tax #Health #HSAAdvocates

In the December edition of our Corporate & Commercial Monthly Newsletter, the team – Armin Pardiwala (Partner), Soumya De Mallik (Partner), Prithviraj Chauhan (Principal Associate), Satyam Shrivas (Senior Associate), Debraj Ghosh (Associate) – discusses the following key developments:   -- Revised Framework on Domestic Money Transfer Background Significance of the Revised Framework Conclusion -- Strengthening the overseas investment framework for mutual funds: A critical analysis of SEBI circular Introduction The Circular: A new investment era for international investments Conclusion   Click here to read more: https://lnkd.in/gbD3hQSc #Corporate #commercial #monthlynewsletter #HSA #Law #lawstudents #lawyers #lawfirmmarketing #lawyerlife #lawyering #lawsuits  #india #inhousecounsel #legalprofession #legal #law #lawyers #lawfirms #lawdotasia

We are pleased to share that an article by our team, analyzing the jurisprudence surrounding the grant of Post-Award Interest under the Arbitration and Conciliation Act 1996, was published on Mondaq. The article, authored by Faranaaz Karbhari (Counsel), Devam Singh (Associate) and Sharan Shetty (Associate), provides a comprehensive analysis of the key legal principles of the Supreme Court's judgment in R.P. Garg v. The Chief General Manager, Telecom Department and Ors. (2024). This article is part of our Knowledge Series initiative, here we provide legal and commercial analyses on emerging issues. Read More: https://lnkd.in/gtTvFW7e #HSAAdvocates #FirmBuiltAroundPeople #Arbitration #SupremeCourt

The November edition of our monthly ‘Restructuring & Insolvency Newsletter’ discusses several topical judgments by NCLT, NCLAT and the courts. The team (Abhirup Dasgupta, Ishaan Duggal, and Ruchi Goyal) has also analyzed some of the Resolution Plans approved by the NCLT recently, and provided details on the companies admitted to insolvency or directed to be liquidated in October Statutory Updates --- 1. Insolvency and Bankruptcy Board of India – Discussion Paper on issues related to Real Estate dated November 07, 2024 2. Insolvency and Bankruptcy Board of India – Discussion Paper on Mediation by Operational Creditors before approaching the AA under Section 9 of the IBC dated November 04, 2024  Recent judgments --- 1. GLAS Trust Company LLC v BYJU Raveendran & Ors. – Supreme Court of India 2. State Bank of India & Ors. v The consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr. – Supreme Court of India 3. Noida Special Economic Zone Authority v Manish Agarwal and Ors. – Supreme Court of India 4. Narottamka Trade & Vyapaar Pvt Ltd v SPP Insolvency Professionals LLP Liquidator Kamachi Industries Ltd and Anr. – NCLAT Chennai  Recent deals --- 1. Resolution of Dolphin Offshore Shipping Ltd 2. Resolution of Superways Enterprises Pvt Ltd 3. Resolution of Nagai Power Pvt Ltd Companies admitted to insolvency in October   Click here to read more: https://lnkd.in/gatPRhbE #restructuring #insolvencyandbankruptcy #statutory #update #judgements #orders #deals #liquidation #insolvency #resolutionprocess #nclat

We are pleased to share an article published by The Economic Times on the newly introduced PAN 2.0. This article features valuable insights from Faranaaz Karbhari, Counsel at HSA Advocates. This initiative forms a key part of our knowledge series, delivering relevant and timely insights into evolving legal and commercial issues. Read the article here: https://lnkd.in/grR3Ns3K #LegalInsights #RegulatoryDevelopments #HSAAdvocates

We are pleased to share an in-depth article published by BW Businessworld on the Pre-Packaged Insolvency Resolution Process (PPIRP), a crucial mechanism aimed at addressing the challenges faced by MSMEs in financial distress. The article features valuable insights from Abhirup Dasgupta, Partner at HSA Advocates, who has dissected the regulatory aspects of this issue and how PPIRP can be made more accessible. The HSA Advocates team plays a pivotal role in analyzing these challenges and providing critical input that can help shape both industry practices and legal policy. By continuously evaluating real-world implications and engaging with policymakers, our team works to bridge the gap between legal frameworks and practical business solutions. Read the article here: https://lnkd.in/gRK4ZzVF #Insolvency #MSMEs #PPIRP #IBC #HSAAdvocates #DebtResolution #LegalPolicy