Argus Partners

Our Partner, Arka Majumdar, shared his insights with Mint on the Jaiprakash Associates insolvency case, which may redefine the contours of the "commercial wisdom" doctrine under India's insolvency framework.

He highlighted that any shift in processes and rules would likely be incremental, with lenders potentially being required to demonstrate greater transparency in their bid evaluation and document their reasoning when opting for a lower-value plan over a higher offer.

Arka noted, "Any change in the processes and rules would be gradual. Lenders may need to be more transparent about how they assess bids and record reasons when rejecting higher offers.

Read more at: https://www.livemint.com/companies/vedanta-vs-adani-jaiprakash-case-may-test-limits-commercial-wisdom-jal-insolvency-11776672242787.html

Argus Partners is pleased to announce that it has advised health and wellness platform, cult fit (Curefit Healthcare Private Limited), on its Series G fundraise of approximately INR 440 crore from Temasek, through its investment arm, MacRitchie. This transaction is significant as a late-stage investment in one of India’s leading integrated health and fitness platforms, reflecting continued institutional investor confidence in the consumer wellness and fitness sector.

The team at Argus Partners advising Cult.fit consisted of Ashwin Krishnan (Partner) and Shivali Srivastava (Associate). Anindya Ghosh (Partner) provided strategic inputs on the transaction.

Read more at: https://www.barandbench.com/dealstreet/argus-partners-acts-on-cultfit-440-crore-series-g-fundraise

Argus Partners is pleased to announce that it has acted as legal advisor to Moving Tech Innovations Private Limited (“Moving Tech”), the Bengaluru-based mobility technology company behind some of India's most widely used ride-hailing and public transport platforms (such as Namma Yatri, Yatri Sathi, Odisha Yatri, Chennai One and Bharat Taxi) in connection with its acquisition of Automicle Holding BV, a company incorporated and headquartered in the Netherlands.

This transaction represents a significant milestone in Moving Tech's growth trajectory, marking the company's first international acquisition and its strategic entry into the European urban mobility landscape. Through this acquisition, Moving Tech aims to extend its distinctive zero-commission, community-led mobility model, one that has fundamentally reimagined the relationship between drivers, riders, and technology platforms across Indian cities, to European markets.

Moving Tech's platforms have been widely recognised for prioritising driver welfare and operational transparency by eliminating the commission-based structures that characterise conventional ride-hailing services. The company now seeks to bring this philosophy to bear in European cities through Automicle Holding BV.

The team at Argus Partners advising Moving Tech consisted of Anantha Krishnan (Partner) and Shubham Tiwary (Associate).

Read more at: https://www.barandbench.com/dealstreet/argus-partners-advises-moving-tech-on-acquisition-of-netherlands-automicle-holding