Khaitan & Co advised The Indian Hotels Company Ltd (IHCL) on sale of its entire shareholding in TajGVK Hotels and Resorts Ltd, being 25.52% of the paid up share capital of TajGVK Hotels and Resorts Ltd, to Mrs. Shalini Bhupal (a member of the promoter group of TajGVK).
Madhav is a Partner in the Dispute Resolution practice group. His practice focuses on civil, commercial and regulatory disputes, with a particular emphasis on clients in the technology industry.
Khaitan & Co advised the committee of creditors (“COC”) of Bhadreshwar Vidyut Pvt Ltd (“BVPL” or “Company”), during the corporate insolvency resolution process (“CIRP”) of the Company which commenced on 27 January 2020 pursuant to the order passed by the Hon’ble National Company Law Tribunal, Chennai Bench (“Adjudicating Authority”).
Khaitan & Co successfully advised and represented KEC International Ltd in a Writ Petition before the Hon’ble Gauhati High Court, Itanagar Bench, seeking a refund of tax assessments for the assessment periods of 2015-16 to 2017-18 and interest on the delayed payment of refund for the AY 2013-14 and 2014-15, as per the provisions of the Arunachal Pradesh Goods Tax Act, 2005 (‘Act’).
On 20 December 2025, The Repealing and Amending Act, 2025 (Act) received assent of the President and was enacted into law.
Khaitan & Co represented the Book Running Lead Managers before the Bombay High Court in writ proceedings seeking a stay on the IPO of WeWork, alleging inadequate DRHP disclosures. The Division Bench dismissed the writ petition, affirming full regulatory compliance and diligent disclosures.
Khaitan & Co represented Noida Power Company Ltd before the Appellate Tribunal for Electricity in its tariff appeals for FY 2018–19 (truing-up) and 2020–21 (ARR), securing a favourable impact of INR 300 – 400 crores.
The Tribunal set aside findings of the UPERC tariff order and provided clarifications on various tariff principles and components, including, O&M costs, GST, financing cost of delayed payment surcharge, treasury income and non-tariff income.
In a landmark decision in Confederation of Real Estate Developers of India (CREDAI) v Vanshakti & Another (2025 INSC 1326), the Supreme Court by a majority judgment has recalled its judgment dated 16 May 2025, Vanshakti v Union of India (2025 SCC OnLine SC 1399) by which the Court had restrained the Central Government from granting ex-post facto Environmental Clearance (EC).
Khaitan & Co advised Trinity Life Sciences on Indian law aspects of its strategic multi-jurisdictional acquisition of EVERSANA’s advisory services operation in Asia-Pacific and the Middle East, and specifically on the India acquisition which by way of slump sale on a going concern basis. In conjunction with the acquisition, Trinity and EVERSANA have also entered into a strategic collaboration to benefit shared life sciences clients in the region.
