Projects, Infrastructure and Energy
Mergers and Acquisitions
Private Equity
Economic Laws Practice, Mumbai
DSK Legal, Mumbai
For a list of select transactions, please contact the individual lawyer
Government Law College, Mumbai (LL.B.,2007)
Bombay Incorporated Law Society (Solicitor,2009)
India, 2007
Branded Residences: An Overview of the Legal Framework in India
The rise of mixed-use development platforms has prompted hospitality brands to diversify their offerings, expanding into residential spaces such as resort villas and luxury apartments to cater to a broader audience. This note provides an overview of the concept of Branded Residences and explores how the Indian market is adapting and evolving with this trend. As the hospitality sector in India is still relatively new to Branded Residences, this note highlights key features, incentives, and regulatory considerations, serving as a guide for both the hospitality and real estate sectors to make informed decisions.
M&A in the Ports Sector in India: Key Regulatory and Contractual Considerations
The Indian ports sector is witnessing increased private sector participation, particularly by way of Public-Private Partnerships (“PPP”). The government has facilitated private sector participation by adopting investor friendly PPP models and streamlining tender processes and concession agreements for major ports. Due to multiple regulatory authorities and differing practices of port authorities, mergers and acquisitions in the ports sector in India are associated with unique considerations that potential acquirers should bear in mind. This note discusses the key regulatory and contractual considerations relevant to mergers and acquisitions in the ports sector in India.
Clean Energy: Issue 3 of 2024
Issue 3 of 2024 of our Quarterly Roundup Series on Clean Energy covers the period between July and September 2024 and tracks key regulatory developments at both central and state levels in solar and wind generation, green hydrogen/ ammonia production, EVs, tariffs, connectivity and other miscellaneous updates.
Stamp Duty on Concession Agreements
A recent decision by the Supreme Court has clarified the chargeability of stamp duty on concession agreements in India. Concession in Rewa Tollway P. Limited v. the State of Madhya Pradesh, the Supreme Court has decisively laid down that a concession agreement permitting tolling in favor of the concessionaire should be stamped as if it were a lease. This would have significant cost implications for infrastructure project delivery in India through the public private partnership mode.
This note analyzes the law regarding stamp duty payable on concession agreements in India including the aforementioned decisions and the impact this decision could have on past and present concessions.