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Business Meeting

SC&A Legal

With the advent of Insolvency and Bankruptcy Code 2016 (“IBC”), Goods and Services Tax Act 2017 (“GST”), Commercial Courts Acts 2018, the introduction of amendments in the Arbitration and Conciliation Act 1996 in the year 2015 and 2019, the dispute resolution and the alternative dispute resolution practice have undergone a sea change.
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SC&A with its expert counsel provides a strategic and research-oriented approach in initiating and defending litigation. As we have learned from our experience and the increasing rate of success, the run-up to filing or defending litigation is as much a deciding factor as the litigation itself.
 
We at SC&A keenly focus at guiding our clients in a strategic and step by step advising approach not only for solving the issue through the best possible dispute resolution mechanisms or alternative dispute resolution mechanisms but also in the negotiation stage, in a mandate bound manner with no hidden costs.
SC&A has key specific expertise and experience in the areas of corporate insolvency, shareholders’ disputes, distress acquisition and contractual disputes. SC&A also provides litigation and strategical support on both direct and indirect tax issues for several reputed tax consultants, with emphasis on corporate taxation, GST and export-import policies & issues arising therefrom under the Foreign Trade (Development and Regulation) Act, 1992 (“FTDR”).
 
By virtue of its rich experience in shareholders’ disputes (including both oppression and mismanagement proceedings before the National Company Law Tribunal (“NCLT”) and National Company Law Appellate Tribunal (“NCLAT”)  and derivative actions before the civil courts, as the case may be) and arbitrations arising in relation to or in connection with Shareholders’ Agreement (“SHA”), Share Purchase Agreements (“SPA”), SC&A is uniquely placed to provide key strategic insight into crafting a bespoke SHA/ SPA specifically looking at the commercial requirement of the client, particularly , the legality and efficacy of exit strategies and safeguarding minority shareholder’ rights.
As an adjunct of its IBC practice, SC&A also has significant experience in handholding clients through the distress acquisition process in the corporate insolvency resolution process (“CIRP”) and financing process and counts key proceedings in the area within its past experience.
 
SC&A also has a significant footprint in New Delhi with a full-fledged dedicated office and this provides SC&A’s clientele with the unique advantage of continuity and seamless progression to appeals before National Company Law Appellate Tribunal and the Hon’ble Supreme Court of India from decisions of NCLT and the Hon’ble High Court respectively minimizing the scope of gaps in knowledge of proceedings, communications, and duplication of costs.
 
Clients Represented:
  • Steel Authority of India Limited
  • Kolkata Metropolitan Development Authority
  • Burdwan Development Authority
  • West Bengal Tourism Development Corporation Limited
  • West Bengal Small Industries Development Corporation Limited
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