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Showing posts from June, 2021

PE investments in H1'21 rise 33% to $27 Billion

Press Release Private Equity-Venture Capital (PE-VC) investments in India rose 33% during the first 6 months of 2021 to $27.1 Billion (across 442 deals) compared to $20.4 Billion (across 433 deals) during the same period last year, shows data from  Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. PE-VC investments during Q2'21, at $14.3 Billion across 215 deals, registered a 12% Q-o-Q increase (compared to the $12.8 Billion across 227 deals in Q1'21). The Q2'21 investment value also surpassed (by 2.4%) the Reliance Jio dominated Q2'20 (which saw $13.9 Billion being invested across 190 deals - of which, $9.8 Billion or 71% went into just Jio). Q2'21 witnessed 33 mega deals ($100M+ rounds) worth $11.5 Billion, compared to 12 such investments (topped by Jio) in the same period last year. The first half of 2021 saw the creation of 16 Unicorns (VC-funded startups valued at $1 Billion or more), 11 of whi

Legal Capsule by Veyrah Law

CONSIDERING LITIGATION IN INDIA | PART VII – ALWAYS KEEP YOUR OPTIONS OPEN! A recurring point that we have emphasized in each discussion around commercial litigation is to always keep the end commercial objective in mind. Litigation should always be a means to achieve the desired end objective. In an Indian context, the end objective for most commercial disputes should be to achieve a favorable settlement. In this final article to the ‘ considering litigation in India ’ series, we will touch upon the general approach that litigants should have for any material commercial litigation. A litigant who intends to approach a court, has multiple options to achieve the desired result. Having the luxury of choice is one thing but choosing wisely from the available options is another. A litigant’s options could be generally categorized as litigious and non-litigious. In this context, choosing one over the other or simultaneously exploring both options is a matter of strategy and should be tactfu

Legal Capsule by LexCounsel

In the Matter of:  Action Committee Unaided Recognized Private Schools  v/s.  Directorate of Education [W.P.(C) 7526/2020]   Forum:  High Court of Delhi   Order Delivered on:  May 31, 2021   Factual Background:  The writ petition was filed by the Action Committee Unaided Recognized Private Schools, an association of approximately 450 private unaided schools in Delhi seeking a writ of certiorari to quash the orders dated April 18, 2020 and August 28, 2020, passed by the respondent, Directorate of Education. The said orders  inter alia  regulated and restricted the collection of fees by private unaided schools in Delhi on account of the COVID-19 pandemic.   Initially, the respondent exercising its rights under section 17 of the Delhi School Education Act, 1973 ( DSE Act ) read with rule 43 of the Delhi School Education Rules, 1973 ( DSE Rules ) had passed an order on April 18, 2020, directing the private unaided recognized schools in Delhi as below:   “i.         No fee, except Tuition f