Perfios Software Solutions Private Limited - 100% acquisition of IHX Private Limited
Khaitan & Co advised Perfios Software Solutions Pvt Ltd on 100% acquisition of IHX Pvt Ltd.
Employment, Labour and Benefits
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Blackstone’s acquisition of South City Projects (Kolkata) Limited for INR 3,250 Crores
Khaitan & Co advised the Blackstone Group in its acquisition of South City Projects (Kolkata) Ltd (“SCPKL”) from its existing shareholders, comprising of Merlin Group, Sureka Group, Emami Group, JB Group, Shrachi Group and Rameswara Group. SCPKL houses the iconic “South City Mall” in Kolkata, West Bengal.
Deserve Labs Private Limited - Transfer of India business as part of the global transaction
Khaitan & Co advised Deserve India on its India-level restructuring and the transfer of assets, from Deserve India to Intuit India. This transaction was part of a larger global acquisition where Intuit Inc., an American multinational fintech company, acquired key technology from Deserve, Inc., a mobile-first credit card platform.
A leading global IT/ITeS company before the Central Government Industrial Tribunal-I
Khaitan & Co successfully represented a leading global IT/ITeS and business process outsourcing company before the Central Government Industrial Tribunal-I (CGIT-I), Mumbai, in a statutory appeal under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act). The Firm secured an interim order dated 22 May 2025, staying the impugned order passed under Section 7A of the EPF Act, which had assessed a liability of INR 26.08 crores, subject to a deposit of only 10% of the assessed amount.
E-Forms, key extracts, elaborate disclosures on Prevention of Sexual Harassment, and disclosure on Maternity Compliance and Employee Demographics: MCA’s amendments to Accounts Rules
Through a notification in the Official Gazette on 30 May 2025, the Ministry of Corporate Affairs, Government of India (MCA), has brought about the Companies (Accounts) Second Amendment Rules, 2025 (Amendment Rules).
Gig Worker rights go legal in Karnataka – Big implications for platforms
Gig workers in India have historically operated in a largely unregulated environment, with minimal legal protections afforded to them. While a few states have issued draft bills in order to improve safeguards for this class of workers, meaningful implementation has been limited. Similarly, although the Code on Social Security, 2020 envisages protections for gig workers, the same is yet to be brought into force.
ELB e-Bulletin | Volume VII - Issue IV - [April 2025]
Welcome to the fourth edition of the e-Bulletin (Volume VII) brought to you by the Employment, Labour and Benefits practice group of Khaitan & Co. This e-Bulletin covers regulatory developments (including those relating to the upcoming labour codes), case law updates and insights into industry practices that impact businesses from a sector agnostic standpoint.