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Avimukt is one of the Founding Partners of INDUSLAW
and advises on a range of corporate, commercial and foreign investment laws. He
represents domestic and international companies and private equity investors in
strategic and financial investment transactions across a range of sectors.
Avimukt also represents clients in commercial and
corporate disputes including competition law issues and has extensive
experience in negotiating exit and restructuring strategies for investors and
joint venture partners.
Avimukt is a “Spotlight†lawyer in the Chambers and
Partners FinTech Rankings 2022, 2021 & 2020.
Avimukt has been named in India Business Law
Journal’s A-List of top 100 lawyers in India in 2021 & 2020.
Avimukt has been recognized as a “Distinguished
Practitioner†by Asialaw Profiles since 2020 for private equity. Avimukt has also been
consistently recognized as “one of the leading lawyers of India†for
corporate/M&A, investment funds and dispute resolution by Asialaw Profiles.
The Legal 500 Asia Pacific lists Avimukt as a
recommended lawyer for investment funds and he has been recommended every year
by the same publication over the last decade for corporate and M&A
transactions.
Avimukt was endorsed as one of the “most trustedâ€
lawyers in India in Indian Corporate Counsel Association’s latest publication
The Vanguards.
Avimukt is a regular speaker at the UIA-ABA
International Seminars on cross-border M&A since 2007. Avimukt is a guest faculty at the Indian Institute of Management (Lucknow) where he teaches legal aspects of Mergers & Acquisitions. He has authored articles and conducted several seminars on Data Sovereignty and legal aspects of Financial Technology.
publications
Mergers & Acquisitions
INSIDER TRADING: A CONFUSED WATCHDOG?
Historically, regulating insider trading has been the exclusive domain of the Securities Exchange Board of India ("SEBI"). This is in line with the regulatory approach...
Hospitality
MEASURING PERFORMANCE IN A HOTEL MANAGEMENT AGREEMENT-OWNER'S...
A hotel management agreement defines the relationship between the owner and the operator of a hotel. The relationship between these two parties is driven primarily...
Corporate & Commercial
COMPANIES ACT 2013: A NEW SAIL IN...
The Companies Act 2013 has shaken the way business was conducted in India. The governance ecosystem of the Companies Act, 1956 ("Old Act"), with its...
Technology, Media & TelecommunicationsFinancial Services & Banking & Finance
FROM BUCKS TO BITCOINS – ENFORCEMENT OF...
It was circa 1955 when computer was used for the very first time in India and it was circa 1995 that internet services were first...
Competition Law
RISE OF FLIPKART, AMAZON, OLA, UBER, MAKEMYTRIP...
As India’s Internet businesses mature, a time may come when the anti-trust regulator will have to take a closer look at companies that are changing...
International Practice Group
INDUSLAW HOSTS IFCCI EVENT WITH SHRI. AMITABH...
On Tuesday, January 24th 2017, IndusLaw in collaboration with the Indo-French Chamber of Commerce and Industry (IFCCI) Delhi hosted an interactive session with Shri. Amitabh...
Competition Law & Real Estate
THE IMPACT OF CCI’S ORDER ON INDIAN...
The recent judgment of the Competition Commission of India (“CCIâ€Â) in Belaire Owner’s Association vs DLF Limited has created ripples in the real estate sector....
Private Equity, Venture Capital and Fund Investment
BUY-BACK UNDER THE COMPANIES ACT, 2013 –...
The provisions relating to buy-back of securities under the Companies Act, 2013 ("Act of 2013") are an attempt to build upon the experience of the...
Competition Law
COMPETITION LAW UPDATE
The Competition Commission of India (“CCIâ€Â) has notified The Competition Commission of India (Procedure in regard to the transaction of business relating to the combinations)...
Corporate & Commercial
THE START-UP PUSH
The Government of India has launched “Startup India†– an initiative to build a strong eco-system for nurturing innovation and start-ups in the country that...
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment
AMENDMENT TO THE FOREIGN EXCHANGE MANAGEMENT (TRANSFER...
The Reserve Bank of India (the “RBIâ€Â) notified an amendment to the FEMA 2000 on April 28 2016 by issuing the Foreign Exchange Management (Transfer...
Private Equity, Venture Capital and Fund Investment
HUBTOWN CASE – REALISTIC INTERPRETATION OF 'ASSURED...
The Supreme Court, in its judgment in IDBI Trusteeship Ltd. V. Hubtown Ltd.[1] on November 15, 2016, has set aside the Bombay High Court’s judgment...
FINANCE BILL MERGES QUASI JUDICIAL BODIES
The Lok Sabha on March 22, 2017, passed the Finance Bill, 2017 (the "Finance Bill"), introducing several key amendments to different laws relating to issues...
Competition Law
COMBINATIONS UNDER COMPETITION LAW: DE-MINIMIS EXEMPTIONS
The Ministry of Corporate Affairs (the "MCA") has clarified the scope of the de-minimis exemptions, which exempt certain enterprises from the applicability of section 5...
Competition Law
ABUSE OF DOMINANT POSITION: INQUIRY ORDERED AGAINST...
The Competition Commission of India (the "CCI"), in the matter of Biocon Limited ("Biocon"), Mylan Pharmaceuticals ("Mylan"), F. Hoffman La-Roche AG, Genetech Inc and Roche...
Competition Law
SUPREME COURT WEIGHS IN ON 'RELEVANT TURNOVER'...
The Supreme Court of India (the "Supreme Court") on May 8, 2017 held that the 'relevant turnover' and not the total turnover should be the...
Competition Law
CCI PENALIZES HYUNDAI FOR CURBING DEALER DISCOUNTS
The Competition Commission of India (the 'CCI'), through its order dated June 14, 2017, has imposed a penalty of INR 870 million (Indian Rupees Eighty-Seven...
Competition Law
COMPETITION COMMISSION'S PERSPECTIVE ON LIFTING THE CORPORATE...
In a recent order dated October 5, 2017 (the 'Order'), the Competition Commission of India (the 'CCI') found Grasim Industries Limited ('GIL'), Aditya Birla Chemicals...
Competition Law
THE BUSINESS OF SPORTS REGULATION: CCI GOES...
In an order dated November 29, 2017 (the 'Order'), the Competition Commission of India (the 'Commission') found the Board of Control for Cricket (the 'BCCI')...
Competition Law
MERGER CONTROL REGIME & M&A IN INDIA
M&A in India may trigger merger control and Competition Law issues. Avimukt Dar recently spoke about combinations, thresholds and some of the notification triggers that...
Competition Law
WALMART'S ACQUISITION OF FLIPKART: THE ELEPHANT IN...
The Competition Commission of India (the 'Commission') finally announced its much-awaited verdict earlier this week, approving Walmart's USD 16 billion acquisition of Indian e-commerce major,...
Competition Law
Ultratech: Cementing Its Way To The Top
On August 21, 2018, the Competition Commission of India (the "Commission") approved the acquisition of Century Textiles and Industries Limited ("Century") by UltraTech Cement Limited...
Competition Law
NCLAT SETS ASIDE COMPETITION COMMISSION'S FINE FOR...
The National Company Law Appellate Tribunal recently set aside the Competition Commission of India's earlier order which had held Hyundai Motor India Limited liable for...
Competition Law
Price parallelism in an oligopsony does not...
The Supreme Court of India, in its recent order, has set aside the orders passed by the Competition Commission of India and the former Competition...
Competition Law
THE COMPETITION COMMISSION WEIGHS IN ON ALGORITHMS...
The Competition Commission of India recently rejected allegations of antitrust law violations against the cab aggregators, Ola and Uber, relating to price fixing, resale price...
Competition Law
CENTRAL VIGILANCE COMMISSION: THE COMPETITION COMMISSION'S NEW...
The Competition Commission of India recently looked into an alleged cartelization by sister concerns in a tender floated by a state owned enterprise, after receiving...
Government & Regulatory
COMMENTS ON THE DRAFT NATIONAL E-COMMERCE POLICY
In March 2019, the Draft National e-Commerce Policy was introduced, which delved into e-commerce issues relating to encompassing data, infrastructure development, e-commerce marketplaces, regulatory issues,...
Government & Regulatory
FINTECH NEWSLETTER - MARKET UPDATES AND RECENT...
The fin-tech sector has rapidly expanded out of the back-end technology used by large financial
institutions, to cover all emerging technological innovations having a bearing...
Private Equity, Venture Capital and Fund InvestmentGovernment & RegulatoryCapital Markets & International Offerings & Corporate & Commercial
NEW FOREIGN INVESTMENT RULES AND REGULATIONS: THE...
The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the 'Rules'), the Foreign Exchange Management (Debt Instrument) Regulations, 2019 (the 'Debt Regulations'), and the Foreign Exchange...
Intellectual Property
Infolex Fintech Newsletter - June 1 2019...
The fin-tech sector has rapidly expanded out of the back-end technology used by large financial institutions, to cover all emerging technological innovations having a bearing...
Private Equity, Venture Capital and Fund InvestmentGovernment & RegulatoryCapital Markets & International Offerings & Corporate & Commercial
NON-DEBT INSTRUMENTS RULES, 2019: RATIONALIZED?
In furtherance of ease of doing business in India and in order to capture the changes which had been introduced by Press Note 4 of...
Technology, Media & Telecommunications & Government & Regulatory
FinTech Newsletter: October 15, 2019 – January...
The fin-tech sector in India has been witnessing increased attention and growth on account of digital inclusion, technological innovations, and interest from second-time entrepreneurs like...
Technology, Media & Telecommunications & Government & Regulatory
COMMENTS ON THE DRAFT FRAMEWORK FOR AUTHORISATION...
In its financial stability report dated December 27, 2019, the Reserve Bank of India (the 'RBI') proposed the New Umbrella Entity (the 'NUE') for retail...
Technology, Media & Telecommunications & Government & Regulatory
RBI GUIDELINES ON REGULATION OF PAYMENT AGGREGATORS...
The RBI has decided to comprehensively regulate the activities of payment aggregators and provide baseline technology-related recommendations to payment gateways. The substantive Guidelines come into...
Private Equity, Venture Capital and Fund Investment
InfoAlert | SIDBI'S COVID-19 Assistance Scheme: A...
In a robust response to industry calls for urgent assistance to start-ups impacted by the COVID-19 pandemic, the Small Industries Development Bank of India has...
Mergers & AcquisitionsCapital Markets & International Offerings & Private Equity, Venture Capital and Fund Investment
InfoAlert | Press Note 3 of 2020...
The world is witnessing unprecedented times in light of the COVID-19 outbreak, which has led to countries across the globe adopting legal, political and economic...
Technology, Media & Telecommunications & Government & Regulatory
Fintech Newsletter – January 16, 2020 to...
Despite the economic slowdown due to the COVID-19 pandemic, the Indian fin-tech sector has done exceedingly well this past quarter, with uninterrupted innovation and investments...
Corporate & Commercial
THE DOJ'S FCPA CORPORATE COMPLIANCE GUIDANCE: IMPLICATIONS...
In April of 2019, the Department of Justice of the United States of America released a Guidance Document aimed at highlighting certain key factors for...
Banking & Finance
InfoAlert | Loans Sourced by Banks and...
The Reserve Bank of India recently issued a notification to reiterate and ensure compliance of the Fair Practices Code and outsourcing guidelines for financial services,...
Technology, Media & Telecommunications
Taming the Dragon: Cautious Moves by India...
In the wake of growing tensions between India & China, India amended its FDI Policy to restrict investments from neighboring countries. Recently, it also released...
Private Equity, Venture Capital and Fund Investment
InfoAlert - RBI Accelerates Start-ups into Priority...
The RBI has decided to include start-ups for Priority Sector Lending (PSL). This is a strong initiative for ease of capital access and will impact...
Technology, Media & Telecommunications & Government & Regulatory
InfoAlert Article - Marketplace E-commerce : Impact...
Legislative protections and immunities granted to e-commerce marketplaces over the years have significantly contributed to the continued growth and development of digital platforms for communication,...
Technology, Media & Telecommunications
Fintech Newsletter – May 1, 2020 to...
The economic disruptions owing to the current pandemic, have impacted funding globally, with venture-backed investments in India falling drastically between March and June 2020, as...
Technology, Media & Telecommunications & Government & Regulatory
Infolex NewsAlert | RBI Framework for Authorization...
The Reserve Bank of India issued a Press Release on August 18, 2020, placing on its website a 'framework for authorization of pan-India umbrella entity...
Technology, Media & Telecommunications & Government & Regulatory
Fintech Newsletter – August 01, 2020-October 15,...
Despite the recent economic slowdown in India with the extended lock-down, the fintech industry has continued to attract investments, with Covid-19 having fast-tracked adoption of...
Competition Law
Infolex NewsAlert - CCI Studying Private Equity...
The equity investor landscape has changed significantly in India over the last few decades. Even with the COVID-19 pandemic, investors such as the Blackstone Group,...
Corporate & Commercial & Government & Regulatory
Infolex Article | Brexit: Impact on the...
In the backdrop of Britain’s departure from the European Union effective January 2021, INDUSLAW’s Avimukt Dar and Shantanu Mukul discuss the major issues...
Technology, Media & Telecommunications
Fintech Newsletter | Oct 16, 2020 to...
The Indian fintech market has continued to grow and evolve, with the Covid-19 pandemic accelerating digitization amongst consumers, micro, small and medium enterprises (“MSMEsâ€), banks,...
Technology, Media & Telecommunications & Government & Regulatory
China Newsletters (October 2020 - December 2020)
INDUSLAW brings you key regulatory and legal developments in various sectors in India on a quarterly basis. INDUSLAW is a multi-specialty...
Competition Law
InfoLex | Year in Review - Competition...
In India, the competition law regulator showed nimbleness in its working and in its application of the law in a year which provoked unprecedented economic...
Technology, Media & Telecommunications
InfoLex | Rules for Intermediary and Digital...
In response to the mass dissemination of fake news and offensive/ unregulated content online, the Indian Government has issued a Digital Media Ethics Code for...
Technology, Media & Telecommunications & Government & Regulatory
Infolex Article: Clarification on the Guidelines on...
The RBI has made public certain clarifications with respect to the Guidelines on Regulation of Payment Aggregators and Payment Gateways. INDUSLAW’s Avimukt Dar,...
Technology, Media & Telecommunications & Government & Regulatory
Fintech Newsletter | January 01, 2021 to...
The Fintech sector in India has continued to grow despite the Covid-19 pandemic challenges and is now one of the largest fintech markets worldwide.
Competition Law
COMPETITION COMMISSION OF INDIA AND GOOGLE: REGULATORY...
India’s competition regulator continues to put Google under its scanner and has now directed an investigation into allegations of abuse of dominance by Google in...
Technology, Media & Telecommunications & Government & Regulatory
Fintech Newsletter – April 01, 2021 to...
The Indian fintech space remains one of the fastest growing sectors, with companies evolving new business models to digitise more aspects of banking and financial...
Competition Law
CCI PENALISES MARUTI SUZUKI FOR INDULGING IN...
The Competition Commission of India has recently penalised Maruti Suzuki for imposing resale price maintenance restrictions on its dealers. INDUSLAW's Avimukt Dar, Unnati...
Competition Law
ANTITRUST SCRUTINY OF DIGITAL MARKET M&A: FACEBOOK...
Competition authorities around the globe are increasingly examining whether transactions in the digital markets have adversely impacted the competitive landscape. INDUSLAW's Avimukt Dar,...
Competition Law
Infolex Newsalert | CCI Penalises Beer Manufacturers...
The CCI has recently penalised a beer cartel based on data provided by some of the cartel members in their leniency applications. Induslaw's Avimukt Dar,...
Technology, Media & Telecommunications & Government & Regulatory
FINTECH NEWSLETTER: RECENT LEGAL DEVELOPMENTS AND MARKET...
The Indian fintech sector has continued to grow and attract investments. In line with the policy objective of consumer protection and to make digital payment...
Anti-Bribery & Anti-Corruption
RECENT SHIFTS IN INDIA'S ANTI-BRIBERY AND ANTI-CORRUPTION...
Our colleagues Avik Biswas, Avimukt Dar, and Arunima Kumar discuss recent shifts in India's anti-bribery and anti-corruption strategy, including the amendments made to the Foreign...
Competition Law
CCI Releases its findings of the market...
The Competition Commission of India initiated a market study on the pharmaceutical sector in India in October, 2020. Induslaw's Avimukt Dar, Unnati Agrawal and Parth...
Corporate & Commercial & Government & Regulatory
REGULATION OF DIRECT SELLING IN INDIA |...
The Ministry of Consumer Affairs, Food and Public Distribution, through the Department of Consumer Affairs, has notified the Consumer Protection (Direct Selling) Rules, 2021 on...
Competition Law
Infolex Newsalert | Investcorp Penalty Order by...
The Competition Commission of India imposed a penalty of INR 20 lakh on Investcorp by invoking its look back power over incorrect computation of filing...
Technology, Media & Telecommunications & Government & Regulatory
Fintech Newsletter | October 1, 2021 to...
The Indian fintech sector provides an optimistic outlook for the upcoming year of 2022. INDUSLAW’s Avimukt Dar, Suneeth Katarki, Namita Viswanath, Shreya Suri,...
Competition Law
SUPREME COURT CLARIFIES CCI’S JURISDICTION OVER RES...
The Supreme Court clarified that the provisions of the Competition Act, 2002 are wide enough to enable the Competition Commission of India to conduct an...
Competition Law
CCI PENALISES ADANI GREEN ENERGY AND TATA...
After almost 2 years of a pandemic induced hiatus, the CCI has recently taken cognizance of gun-jumping and imposed penalties of INR 5 lakhs (approximately...
Competition Law
COMPETITION COMMISSION OF INDIA DIRECTS INVESTIGATION INTO...
In line with the trend of heightened scrutiny of prominent players in the digital sector, the CCI has directed an investigation against BookMyShow for its...
Competition Law
THE COMPETITION ACT, 2002 TO GET A...
The Central Government recently introduced the Competition (Amendment) Bill, 2022 (“Billâ€) amending the provisions of the Competition Act, 2002 (“Competition Actâ€) in the lower house...
Competition Law
COMPETITION COMMISSION OF INDIA DISMISSES ‘REFUSAL TO...
By way of its recent orders, the CCI has dismissed separate allegations of refusal to deal against Britannia and Parle and explicitly recognised selective distribution...
