Deal Release: Cyril Amarchand Mangaldas advised on the largest ever Series A round capital fundraise by an Indian start up, CredAvenue Private Limited (CredAvenue). CAM advised CredAvenue and its founders – Gaurav Kumar and Vineet Sukumar – on raising funds from Sequoia, Lightspeed, Lightrock, TVS Capital Funds and Dreamplug Technlogies (CRED) in Series A round of funding.
6th October 2021 | Cyril Amarchand Mangaldas Read More
Companies such as Zomato, Swiggy that deliver food and ride services such as Uber and Ola are likely among those covered by the decision. Finance ministry officials said, in a briefing after the council meeting, that the move is an effort to curb GST evasion by a primary supplier such as a restaurant. (Photo Credit: BloombergQuint)
19th September 2021 | Bloomberg Quint Read More
The insightful discourse will revolve around BSFI banking, Neo banking, and the need to undertake continuous innovation in every sector, coupled with continued economic uncertainty. With the financial ecosystem shifting towards even more focus on customer experience and satisfaction, there has been an even bigger gap between what conventional banks offer and what the customers expect. The neobanks are attempting to bridge this gap. (Photo Credit: LiveMint)
6th September 2021 | Live Mint Read More
Financial creditors who relied on balance sheets as proof of debt to initiate insolvency proceedings may now face a new hurdle following a ruling by the National Company Law Appellate Tribunal. (Photo Credit: Bloomberg Quint)
28th December 2020 | Bloomberg QuintRead More
Parties seeking merger clearance can sigh with relief, as India has done away with the disclosure requirements governing non-compete clauses. In November, the Competition Commission of India (CCI) announced that parties to a combination (merger/ acquisition) are no longer required to give separate details regarding non-compete clauses. This ensures flexibility for both the competition authority and merging parties. It is a win-win situation, as the merger review process will not be held up by these clauses, giving the industry the flexibility to operate commercially.
28th December 2020 | India Business Law JournalRead More
Cyril Amarchand Mangaldas (CAM) has announced a permanent working policy that allows its teams to work onsite and offsite, including work from home. The firm has been working on a remote-only model since the start of the pandemic and will continue the current work-from-home arrangement until 31 March 2021. The new long-term work- ing policy will come into effect after the pandemic wanes.
28th December 2020 | India Business Law JournalRead More
