Insolvency

We advise a broad spectrum of constituents of the insolvency and restructuring market. Whether it’s providing pre-admission advice or counsel to resolution professionals, we have represented diverse stakeholders across the insolvency and restructuring spectrum. Our experience spans advising operational creditors, financial creditors, and third parties on avoidance and fraudulent transactions. We have also guided creditors through the complexities of navigating the Committee of Creditors.

We collaborate with forensic accountancy teams to address challenges in the insolvency and bankruptcy process.

Our services include

Operational Creditors
Financial Creditors
Secured Creditors
Resolution Professionals
Resolution Applicants/Bidders
Personal Guarantors and Borrowers

Indicative Matters

Represented a wholly owned subsidiary of a leading compressed bio gas developer in India, in relation to disputes arising from its purchase of one of the subsidiaries of ILF&FS entities, under the IL&FS resolution, before the NCLT, Mumbai.
Advised and represented asset purchasers with respect to auction, purchase and post purchase litigation with respect to assets arising out of liquidation under the Insolvency and Bankruptcy Code, 2016.
Represented a leading infrastructure contractor in relation to disputes for non-payment of dues by a leading township developer, before the NCLT, Mumbai.
Represented an integrated plastic packaging company in relation to disputes for non-payment of dues by a listed signage and digital media related products company.
Represented a group entity of a leading real estate developer in relation to PUFE transaction under the Insolvency and Bankruptcy Code, 2016.
Represented a mid-market hospitality company in relation to insolvency application filed by a leading asset reconstruction company.
Represented leading luggage manufactures of India, in relation to disputes for non -payment of dues by group entities belonging to Future group.

Work With Us

Our collegial culture welcomes people with a wide range of skills and backgrounds committed towards a shared vision of providing good counsel endorsed by a deep sense of integrity and ethical boundaries.

Articles on Practice Area

Case Boat

Bombay High Court’s Ruling Regarding The Imposition Of An Additional Charge Under The Code Of Criminal Procedure, 1973 Following An Application By The Prosecution

The Bombay High Court in the case of Nikhil Patt and Ors. vs. Central Bureau of Investigation and Anr. has held that even if an application for alteration of charge is filed by the prosecution,

Case Boat

Are Legal Heirs Of A Deceased Sole Proprietor Liable To Discharge Personal Obligations Of The Deceased Under A Contract?

The Hon’ble Supreme Court in the case of Vinayak Purushottam Dube (deceased) through LRs. v/s Jayashree Padamkar Bhatt & Ors. has held that the legal representatives of a deceased are not liable to discharge contractual obligations

Case Boat

Forming An Opinion On Preferential, Undervalued And Defrauding Transactions: Is It Mandatory?

The NCLT, Ahmedabad in the case of Shalabh Kumar Daga Liquidator of Silver Proteins Pvt Ltd vs. Himanshu J Domadia has held that as per Regulation 35A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Case Boat

A Power Of Attorney Holder Cannot Depose About Facts Which Are Not Within His Personal Knowledge Or Are Within The Personal Knowledge Of The Person Who He Represents

The Hon’ble Supreme Court in the matter of Manisha Mahendra Gala & Ors vs Shalini Bhagwan Avatramani & Ors stands as a testament to the nuanced considerations entailed in resolving disputes pertaining to property rights

Case Boat

Are You An Arbitral Award Holder Against A Central Government Body? You Can Claim 75% Without Enforcement Of Award Amount

Recently, Department of Expenditure, Ministry of Finance, Government of India has released an Office Memorandum (“ Office Memorandum ”) mandating insertion of Rule 227A in the General Financial Rules, 2017 (“ GFR Rules 2017 ”).