SNG & Partners

India

Review

Dispute resolution

SNG & Partners is well known for its strength in the banking and finance arena. Its dispute resolution offering complements this with a wide-ranging arbitration and litigation offering that covers banking and finance, competition, criminal, foreign exchange, human resources, employment and industrial laws. The firm also represents clients in economic offences, conciliation and arbitration work. It also routinely handles matters relating to the Economic Offences Wing and the Enforcement Directorate.

Six senior lawyers helm the disputes group, including senior partner Sanjay Gupta and partners Varsha Kripalani, Navneet Gupta, Ajay Monga, Ateev Mathur and Rajnish Gaur. Their practices focus on a wide range of areas such as arbitration, banking disputes, insolvency battles, labour disputes and criminal litigation.

The team acted for a large private bank with an Indian presence before the Supreme Court of India in a matter contesting the issue of ‘tenant at sufferance’ in the light of the regime of the Securitisation Act. This is a significant judgement from the banking perspective in as much as various persons claim the protection of their being a tenant in the property which is secured as a mortgage by the banks, and attempt to defeat the claim of the bank when the bank initiates action under the Securitisation Act and takes possession of such property for the purposes of recovering the dues.

In another highlight, the firm successfully defended a private client in an interim injunction on the release of a commercial film on Netflix in a suit instituted before the Delhi High Court. It was also instructed by an asset reconstruction company in India to obtain a stay of an order passed by a statutory authority under the Prevention of Money Laundering Act, by which the assets secured by the client as mortgage for a financial facility extended to a borrower, were attached to the detriment of the clients.

The firm bid adieu to partner B Gopalkrishnan, who left to found his own firm, BGK Law Associates