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Prahastha is a Principal Associate in the Dispute Resolution practice. He has substantial experience representing domestic and international clients across various industries in corporate and commercial disputes, including shareholder disputes, insolvency and bankruptcy proceedings, employment disputes, construction disputes, technology-related disputes, and a wide range of contractual and regulatory disputes. He has also acted in cases involving white-collar crimes.
He has appeared for clients in proceedings before the Supreme Court, several High Courts, benches of the National Company Law Tribunal and National Company Law Appellate Tribunal, Commercial Courts, Civil and Criminal Courts, Electricity Regulatory Commissions and various statutory authorities and appellate forums.
He has also assisted multinational companies with investigations and provided advice on litigation-related risk assessment for complex cross-border transactions.
Education
B.A. LLB (Hons.),Gujarat National Law University, (2010-15).
Expertise
Awards
Work Highlights
- Acted for an infrastructure development company (minority shareholder) in an oppression and mismanagement action based on the majority shareholder’s (a successful resolution applicant under the Insolvency and Bankruptcy Code, 2016) attempt to alienate an undertaking of the company and its other assets without obtaining valuation of the asset or seeking the finance committee’s approval for the transaction.
- Represented an Indian multinational telecommunications company in a challenge to an arbitration award under Section 34 and seeking a stay under Section 36 of the Arbitration and Conciliation Act, 1996, defending against a post-award action brought by the award holder for interim measures under Section 9 to secure the awarded sums.
- Appeared for a Chinese manufacturing company’s Indian subsidiary in proceedings challenging the Indian Bureau of Mines’ revocation of a mining plan approval under the new proviso to Section 10A (2) (b) of the Mines and Minerals (Development and Regulation) Act, 1957.
- Advised a large multinational global data services provider in connection with the construction of its data centre in a layout regulated by the Telangana State Infrastructure Industrial Corporation (TSIIC), including advising on anti-bribery issues, local government approvals, and disputes with a developer in a neighbouring land parcel.
- Represented a Dutch multi-national company engaged in trading agricultural commodities in proceedings challenging the levy of tax on ocean freight in a CIF contract under the Central Goods and Services Tax Act, 2017.
- Acted for a listed power utility company (the former majority shareholder of the corporate debtor) in the resolution professional’s proceedings seeking the reversal of alleged preferential transactions under Section 45 of the Insolvency and Bankruptcy Code, 2016.
- Assisted a large multinational social media company in its investigation into possible misuse of confidential data of users by the employees of a vendor (a multinational information technology consulting company) acting under a global services agreement.
- Acted for the former global COO of a multi-national pharmaceutical company, in an action in India against the former employer to enforce a decree (awarding employment dues) granted by the District Court of New Jersey, USA.
- Represented a Singapore-based media streaming platform in a copyright infringement dispute in relation to the script for a celebrity reality show.