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Led by Alok Dhir and Nilesh Sharma, the team at Dhir & Dhir Associates includes senior associates Bhuvan Arora and Raghav Soni, and advises on complex and high-value restructuring and insolvency matters. The practice advises Shree Bankey Behari Exports on the restructuring proposal to its lenders and assists Gupta Corporation with seeking a resolution to its financial distress under the provisions of the Insolvency and Bankruptcy Code.

Luthra & Luthra Law Offices acts as counsel to lenders and distressed companies during various restructuring and insolvency matters, and has advised IDFC, ICICI Bank and KMC Constructions among others. Rajiv Luthra and Mohit Saraf are the key names.

The team at Trilegal has a core focus on representing lenders and investors in high-value and complex corporate and debt restructuring transactions, and counts Standard Chartered Bank, ICICI Bank and Asmitha Microfin among its clients. Notable highlights include advising a group of 33 banks and financial institutions on restructuring the debt exposure of Arch-Pharmalabs and assisting Deutsche Bank, acting as a trustee for FCCB holders, with the restructuring of Videocon Industries. Karan Singh, Nishant Parikh, and Aniruddha Sen are all recommended.

Majmudar & Partners’ practice head Akil Hirani advised WH Acquisitions on the Indian foreign exchange regulatory and company and tax law aspects of its proposed cross-border inter-group restructuring. The team is also acting for Sabic UK Petrochemicals in the winding-up petition it filed against Punj Lloyd in the Delhi High Court.

The team at Phoenix Legal acts for corporate lenders and distressed companies, and has considerable experience in insolvency proceedings and advising under the new Insolvency and Bankruptcy Code. Clients include The Bank of New York Mellon, Edelweiss Asset Reconstruction Company and Arshiya. Jyoti Singh and Abhishek Saxena are key names. Debarshi Dutta was promoted to partner and Shadaan Mohammed Saipillai joined from Kochhar & Co.

Led by Babu Sivaprakasam, the team at Economic Laws Practice counts HDFC, Aditya Birla Finance and IDFC Bank among its clients. Sivaprakasam and Deep Roy advised BLA Power on the restructuring of facilities under the S4A scheme, and assisted the Industrial and Commercial Bank of China with the renewal and restructuring of credit facilities it provided to Alok Industries.

Jafa & Javali assisted Himachal Safety Systems with the winding-up of its Indian subsidiary, and represented Arora Aluminium and Allied Works in the liquidation petition filed by other members and shareholders in the Allahabad High Court and in the appeal to the Supreme Court of India.

Shardul Shroff heads the practice at Shardul Amarchand Mangaldas & Co, which draws from the firm’s expertise in banking and finance, tax and litigation, and is recommended for its focus on the new Insolvency and Bankruptcy Code. The team acted for the State Bank of India and the Committee of Creditors in the context of Bhushan Steel’s insolvency resolution case before the National Company Law Tribunal, and provides ongoing advice to a number of insolvency resolution professionals.

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