Luthra & Luthra Advised The US Govt On Transfer Of ‘The American Center’ To House Of Abhinandan Lodha
Luthra & Luthra Advised The U.S. Government On Transfer Of ‘The American Center’ To House Of Abhinandan Lodha
Luthra and Luthra Law Offices India advised the Government of the United States of America on the transfer of its property- the ‘American Center’, to the House of Abhinandan Lodha group; one of the premier real estate developers in India.
The Luthra team advised the US Government (represented by the US Consulate in Mumbai), on all aspects entailing the vendor’s due diligence, tax advisory, bidding process for the sale and drafting-cum-negotiations on the bidding memorandum, sale documents and registration process in Mumbai.
This transaction was led by Partner, Vaibhav Suri and Managing Associate, Manjul Mantri.
Counsel who advised on other aspects of the transaction included Partner Sanjeev Sachdeva and Senior Associate Nikhil Kapoor on the applicability of GST on the transfer and exemption available to the U. S. Government. Partner Rubal Bansal Maini on the income tax aspects. Partner Harish Kumar along with Partner Itee Singhal and Managing Associate Aman Nijhawan on the Ministry of External Affairs’ approval.
Source: Luthra & Luthra Law Office’s LinkedIn Page
