AZB & Partners
One of the foremost names in Indian restructuring and insolvency law, AZB & Partners‘s bench enjoys an esteemed reputation for handling large-scale proceedings for international stakeholders, from creditors and funds to distressed companies.
Helmed by Bahram Vakil, the practice is actively engaged on various market firsts. Notably, Vakil, Nilang Desai and Suharsh Sinha currently represent RBI as administrator on Dewan Housing Finance Corporation’s multibillion-dollar restructuring; a market first in the financial services sector under the IBC.
The group also advises on high-profile resolution and restructuring plans in the aviation sector and out-of-court resolutions for distressed NBFCs, with assistance provided by associates Saloni Thakkar and Komal Khare.
Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas‘ restructuring and insolvency bench acts on high-profile proceedings across sectors as lead advisors to dominant banks and financial institutions operating in India. Practice chair L. Viswanathan led the team (which included Abhijeet Das, Richa Roy and a slew of associates) advising the committee of creditors in Dewan Housing Finance Corporation’s multibillion-dollar insolvency, a market first in the financial services sector.
Dhananjay Kumar is a notable partner, having been a key advisor to SBI and other stakeholders in relation to the resolution of Yes Bank, and to various creditors’ committees and resolution professionals in other major proceedings across the steel, industrial and aviation sectors.
J Sagar Associates
J Sagar Associates‘ restructuring and insolvency practice advises domestic and international stakeholders on high-value resolutions. Co-heads Aashit Shah and Varghese Thomas combine their respective banking and finance and dispute resolution expertise to navigate out-of-court restructurings and corporate insolvencies under the IBC on behalf of multinational creditors’ committees and resolution professionals.
Of note is the team’s involvement in large-scale proceedings in the power, manufacturing, engineering and financial services sectors. The practice also negotiates on behalf of distressed companies.
Khaitan & Co
Acting for a client roster comprising prestigious international financial institutions, Khaitan & Co LLP‘s restructuring and insolvency practice advises on large-scale resolution plans across the breadth of industries.
Kumar Saurabh Singh , Rajeev Vidhani , Ashwin Bishnoi and Siddharth Srivastava are noteworthy names for all debt restructuring projects.
Mehul Shah’s reputation extends to group insolvency processes under IBC guidelines, notably with regard to the acquisition of 13 companies comprising the Videocon Group on behalf of resolution applicant Twin Star Technologies. The group also advises lenders on distressed investments into India; Nikhil Narayanan is a key contact for such mandates.
Luthra and Luthra Law Offices India
L&L Partners Law Offices represents stakeholders before the NCLAT and other major forums in complex insolvency and restructuring proceedings.
A key contact is Bikash Jhawar, who advises clients on proceedings under IBC guidelines and the group represented the committee of creditors led by SBI in the sale of a large pharmaceuticals company under a multimillion-dollar insolvency plans. Former team head Sudhir Sharma left the practice to join DSK Legal.
Representing a portfolio of resolution professionals, creditors and distressed companies, Trilegal advises on and assists with out-of-court restructurings, financial recapitalisations, distressed acquisitions and company reorganisations. Key partners include Aniruddha Sen and co-heads Harsh Pais and Yogesh Singh.
The team is acting for the successful bidder in Dewan Housing Finance Corporation’s headline IBC process. A recent join from Shardul Amarchand Mangaldas & Co, Nitesh Jain brings further insolvency expertise from a dispute resolution perspective; a particular strength is representing creditors in insolvency petitions before the NCLT.
Dhir & Dhir Associates
On behalf of distressed companies across all major sectors including telecoms, infrastructure, energy and real estate, Dhir & Dhir Associates‘ restructuring and insolvency team advises on debt restructuring and refinancing negotiations with lenders and other stakeholders under IBC guidelines.
Co-heads Alok Dhir (also a chartered accountant) and Sachin Gupta field expertise in corporate rehabilitation as well as higher stakes insolvency proceedings, thus can provide full-scope strategic advice across the breadth of distressed situations.
Taking advantage of DSK Legal‘s equally strong advisory and litigation offerings, resolution professionals, creditors, liquidators and other stakeholders instruct the firm on out-of-court resolutions, restructurings under the IBC and formal proceedings before the NCLAT.
Ongoing work displays significant activity in the chemicals, telecoms, real estate, steel and infrastructure sectors. Key partners include joint practice heads Ajay Shaw , Nirav Shah and Niraj Kumar and Ashish Pahariya. The team has been greatly boosted with the arrival of Sudhir Sharma from L&L Partners Law Offices.
Economic Laws Practice
Comprising seasoned litigators and banking and finance experts, Economic Laws Practice‘s restructuring and insolvency offering takes on out-of-court resolutions and corporate insolvency proceedings under IBC rules.
Clients of joint heads Sujjain Talwar , Naresh Thacker and Babu Sivaprakasam include financial investors, resolution applicants and creditors. Funds clients instruct the team on shareholder disputes arising from restructuring schemes.
IndusLaw represents resolution professionals, institutional creditors (including banking consortiums) and debtors in restructuring and insolvency proceedings under IBC guidelines.
The bench — which includes Lomesh Kiran Nidumuri, Amit Jajoo and Sushmita Gandhi — regularly advises on cross-border, out-out-court strategies and actions through the NCLT.
Krishnamurthy and Co
Clients of Krishnamurthy and Co’s practice include creditors’ committees, resolution professionals and liquidators. Jointly headed by Ayush Agarwala, Aditi Mittal and Rukmini Roychowdhury, the team handles restructuring processes and also represents clients before the NCLT.
The team is currently assisting Prius’ committee of creditors with implementing a high-value resolution plan.
Link Legal‘s restructuring and insolvency practice advises corporate lenders, resolution professionals and investors on formal IBC proceedings and out-of-court resolutions. Sector strengths are diverse; recent highlights occurred in the high-end fashion, infrastructure, shipping and manufacturing sectors.
Featuring Anand Srivastava and Nidhi Pathania, the team is adept at representing clients before the NCLT on high-stakes matters.
Phoenix Legal assists with corporate restructurings and reorganisations for creditors and distressed companies alike. Regarding the latter, Saket Shukla recently assisted clients in infrastructure sector on complex schemes sanctioned through the NCLT while Abhishek Saxena advised on global restructuring options for fashion and retail companies.
The team advises investors on restructurings and carve out of target companies.