The Firm has extensive experience dealing with matters on Insolvency and Bankruptcy Code, 2016 (IBC). We have expertise in both pursuing and defending insolvency and bankruptcy proceedings. We follow a systematic and strategic evaluation of cases, thereby providing advisory services to multi-national corporations on insolvency issues.

Our Insolvency and Bankruptcy team is equipped with in-depth knowledge and qualifications, making them adept at handling high stakes matters, which have been landmark cases in IBC. We have been assisting our domestic and international clients by continuously deep diving into providing diverse solutions with the best possible outcomes to cases.

We take pride in being the trusted advisors to business leaders who consult us on complex issues under the IBC. Our lawyers had played a key role in several successful high-value acquisitions right from the time when IBC was enacted. We actively represent before the National Company Law Tribunal, the National Company Law Appellate Tribunal, and the Supreme Court of India.

Key highlights

• In the first successful corporate acquisition under the IBC, the Firm represented TATA Steel Ltd. in the corporate insolvency resolution process initiated against Bhushan Steel Ltd., enabling TATA Steel Ltd. to successfully acquire Bhushan Steel Ltd.

• In a highly publicized litigation, the Firm successfully advised and appeared for, Arcelor Mittal India Private Limited in the highly valuable corporate insolvency resolution process of Essar Steel India Limited. This acquisition was a crucial strategic step for Arcelor Mittal to build a meaningful production presence in India.

• The Firm represented Kalpraj Dharamshri and Rekha Jhunjhunwala, who led the consortium which successfully acquired Ricoh India Limited by way of the corporate insolvency resolution process under the Code.

• The Firm has advised, and appeared for and on behalf of, ArcelorMittal India Private Limited in a heavily contested corporate insolvency resolution process of Odisha Slurry Pipelines Infrastructure Limited (OSPIL) under the Code. The Committee of Creditors unanimously approved the Resolution Plan submitted by Arcelor Mittal and later, the said decision was upheld by the Adjudicating Authority, Cuttack and the National Company Law Appellate Tribunal, New Delhi.