Keystone Partners



Dispute resolution

Dispute resolution boutique Keystone Partners is formed by a group of first-generation lawyers who specialise in commercial litigation, international arbitration, construction disputes and contentious regulatory matters. Each partner has a particular focus on different sectors, allowing the team to cover a varied suite of disputes practice areas, and one partner is an Advocate-on-Record of the Supreme Court. The firm also routinely handles contentious energy, technology and trade sector matters. In the past year, its instructions grew in the technology, media and telecommunications law arenaand it boasts multiple panel appointments representing the state of Karnataka in the Central Sales Tax Appellate Authority at New Delhi, the Central Electricity Regulatory Commission, the Delhi Electricity Regulatory Commission and the Competition Commission of India. Keystone has offices in Bengaluru, Mumbai and New Delhi.

Senior partner Pradeep Nayak helms a seven-partner strong disputes group that includes notable names such as Sita Kapadia, Pritha Srikumar Iyer, Arun Sri Kumar, Anupama Hebbar and Vikas Mahendra.

One high-profile highlight for the firm is defending high-net-worth individuals from regulatory, criminal and civil challenges by the Securities and Exchange Board of India (SEBI) to the validity of a financing transaction and related corporate structuring.The case involves analysing voluminous data and performing a detailed study of the financials and day-to-day affairs of various companies to be able to meet the contentions raised by SEBI.

In another notable matter, the team is acting for AION Investments III Private, a Mauritius-based investment entity in a proceeding concerning the Future-Reliance merger before the National Company Law Tribunal in Mumbai. The firm additionally continues to represent three aviation leasing companies in an execution petition before the High Court of Delhi against a major Indian airline for the enforcement of a foreign decree.

Another marquee case for the firm is acting in a historic proceeding before a five-judge constitutional bench with great geopolitical sensitivities relating to the state of Jammu and Kashmir.The international arbitration team is representing the promoters of a renewable energy company against its investors in an arbitration under the London Court of International ArbitrationIndia Rules before three London-based arbitrators.