Indian Boiler Regulations, 2026: A Long-Awaited Overhaul with Unfinished Business
The Indian Boiler Regulations, 2026 (IBR 2026) represent the biggest overhaul of boiler law in India in more than 75 years.
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Stonepeak Partners LLC - Proposed acquisition of Castrol Group Holdings Limited from BP plc.
Khaitan & Co advised Stonepeak Partners LLC on the proposed acquisition of Castrol Group Holdings Ltd from BP plc. (Seller), in a transaction valuing the Castrol business at an enterprise value of ~USD 10 billion. The Seller will retain a 35% non-controlling interest as part of the transaction.
Wolters Kluwer Group | Divestment of Financial Risk and Reporting (FRR) Business by Wolters Kluwer Group to Regnology
Khaitan & Co assisted the Wolters Kluwer Group, a global leader in professional information, software, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors, on the divestment of their India Financial Risk and Regulatory Reporting (FRR) Business to Regnology Group GmbH.
JSW Ispat Steel Limited - JSW–JFE Joint Venture and Transfer of BPSL Steel Business
Khaitan & Co advised JSW Ispat Steel Ltd in relation to the transfer of the steel business of Bhushan Power and Steel Ltd by way of a slump sale for a cash consideration of INR 24,483 crores and investment of a total of INR 15,750 crores by JFE in two tranches; and (c) Joint venture between JSW Steel Limited and JFE in the business.
Supreme Court rules against Ex-Post Facto Environment Clearance
On 16 May 2025, the Supreme Court in Vanashakti v Union of India 2025 SCC OnLine SC 1139 struck down the notification dated 14 March 2017 and Office Memorandum dated 7 July 2021 issued by the Ministry of Environment, Forest and Climate Change (MoEFCC), holding that ex-post facto Environmental Clearances (ECs) violate the constitutional right to a pollution-free environment under Article 21.
Amit Agashe
Amit Agashe is a Partner in the Dispute Resolution and Real Estate practice groups. Prior to joining the Firm, Amit practiced law in an independent setup serving a diverse set of corporate and individual clients.
Annual ESG Newsletter | Second Edition | February 2024
We are pleased to present to you the 2nd edition of the Environmental, Social and Governance (“ESG”) Newsletter highlighting the key developments in the Indian ESG landscape, that caught our attention in 2023.