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Partner and Head of the Mergers and Acquisitions practice at the Delhi office of Cyril Amarchand Mangaldas. Akila has over 19 years of experience in matters pertaining to mergers & acquisitions, joint ventures, corporate restructuring, general corporate and employment law. She has extensively handled acquisitions, disposals, takeover offers, delisting offers, commercial contracts and SEBI related matters. Akila has considerable national and international experience having served several significant clients across a broad range of industries and sectors.

Chambers Global and Chambers Asia Pacific, has consistently ranked her for Corporate and M&A practice for several years. IFLR and AsiaLaw leading lawyers features Akila amongst the top rated lawyers in India for Corporate M&A. She has also been recognized in Legal 500 and Who’s Who Legal; and recommended by RSG Consulting for excellence in M&A. She can be reached at akila.agrawal@cyrilshroff.com

Taxing Times Ahead for Slump Sale Transactions

Slump sale transactions are a preferred method of transferring a business as a going concern. They are often used for internal restructuring purposes and for sale of a whole or part of a business undertaking to a third party. Several global transactions also comprise of a slump sale element to execute the transfer of the Indian business to the buyer’s affiliate in India. In a slump sale, a business undertaking is transferred by one party to another as a going concern for a lumpsum consideration, without attributing specific values to assets and liabilities.
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