Hall Of Fame

Next Generation Partners

Rising Stars

Firms To Watch: Restructuring and insolvency

Dua Associates represents a range of stakeholders in corporate insolvency resolution proceedings before the High Courts and the National Company Law Tribunal (NCLAT); key members of the team include Chitranshul Sinha and Angad Varma.

Restructuring and insolvency in India

AZB & Partners

In a rapidly evolving legislative climate, AZB & Partners‘ practice maintains its stellar reputation and continues to handle large, first-of-their-kind mandates for a broad range of stakeholders. Bahram Vakil heads the practice and is a member of the Insolvency Law Amendment Committee. Suharsh Sinha specialises in advising asset reconstruction companies and international hedge funds on debt restructuring. Nilang Desai regularly provides advice to banks, resolution professionals, bidders and international corporations, with a practice focused on complex cross-border restructuring transactions. Senior associate Saloni Thakkar directs her focus towards advising creditors and resolution applicants in large corporate insolvencies; and Avinash Subramanian, who joined the team in June 2021, advises public and private-sector banks, financial institutions and resolution professionals on restructuring existing debt.

Practice head(s):

Bahram Vakil

Other key lawyers:

Nilang Desai; Suharsh Sinha; Saloni Thakkar; Avinash Subramanian

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas’ market-leading practice maintains its position at the forefront of the restructuring market, regularly assisting insolvency professionals and financial institutions. L Viswanathan leads the team, advising banks, private credit providers and corporates on strategic debt restructuring, loan recovery and insolvency proceedings under the Insolvency and Bankruptcy Code. The team has continued to develop, gaining sector-specific expertise in the telecoms, power and construction sectors, in which major insolvencies have taken place. Madhav V. Kanoria advises some of the largest lending institutions in India, representing them in the first group insolvency case in India. Kanoria also assists resolution applicants with acquisitions of corporate debtors, and creditors with the implementation of resolution plans. Dhananjay Kumar is another key member of the team; stressed asset funds, asset reconstruction companies and creditors frequently turn to him for his wealth of experience in security enforcement and debt restructuring.

Practice head(s):

L. Viswanathan; Cyril Shroff

Other key lawyers:

Madhav V. Kanoria; Dhananjay Kumar

Key clients

Bank of Baroda

Adani Power Limited

Nithia Capital Resources Advisors LLP

Consortium of 11 lenders led by State Bank of India

Consortium of banks and financial institutions led by the State Bank of India

Committee of Creditors of Dewan Housing Finance Corporation Limited

Ad hoc Committee of Note Holders of senior notes due 2022 issued by Jain International Trading B.V.

Committee of Creditors of the consolidated Videocon group companies

Committee of Creditors of Aircel Entities

Committee of Creditors of Jaypee Infratech Limited

Committee of Creditors of Jyoti Structures Limited

Committee of Creditors of GB Global Limited

Board of directors of Infrastructure Leasing & Financial Services Limited

Work highlights

  • Acted as the legal counsel to the committee of creditors of DHFL on DHFL’s corporate insolvency resolution process.
  • Acted as legal counsel to a committee of creditors of the consolidated Videocon group companies.
  • Advising the committee of creditors in respect of the corporate insolvency resolution processes of the three Aircel entities.

Shardul Amarchand Mangaldas & Co

The highly experienced team at Shardul Amarchand Mangaldas & Co handles the gamut of bankruptcy, insolvency and restructuring matters, from restructuring to mitigate distress in large companies, to liquidation and resolution processes. The team regularly handles cross-border contentious and non-contentious restructurings, out-of-court settlements and insolvencies. Shardul Shroff heads the practice, which includes Saurav Panda, who has a combination of in-house experience from ICICI Bank and experience within the firm, and regularly represents strategic and financial investors, resolution professionals and banks on resolution processes. Misha uses her 15 years of experience in dispute resolution, bankruptcy and insolvency law to represent clients before the Supreme Court, High Court and the NCLAT.

Practice head(s):

Shardul Shroff

Other key lawyers:

Misha; Saurav Panda

Key clients

Resolution Professional of SEL Manufacturing Company Limited

Altico Capital India Limited

Assets Care & Reconstruction Enterprise Limited

Bank of Maharashtra

Work highlights

  • Advised a resolution professional and the monitoring committee of SEL Manufacturing Company Limited in CIRP.
  • Advised the resolution applicant in the CIRP of JSL.
  • Advised Assets Care & Reconstruction Enterprise and security receipt holders in a debt restructuring undertaken pursuant to the provisions of Section 9 of the SARFAESI Act.


The restructuring and insolvency team at JSA Law provides advice on resolution plans and proceedings across multiple sectors, including manufacturing, engineering and power. Aashit Shah and Varghese Thomas jointly lead the practice, using their respective expertise in dispute resolution, and banking and finance to act for resolution professionals, banks and creditors in matters concerning corporate insolvencies and out-of-court restructurings.

Practice head(s):

Aashit Shah; Varghese Thomas

Key clients

Standard Chartered Bank

Deutsche Bank

State Bank of India

Ares SSG Capital



Altico Capital India Pvt Ltd

Piramal Finance

Bank of Baroda

CDC Group Plc

Panyam Cements and Mineral Industries Limited

Indostar Capital Finance Limited

Khaitan & Co LLP

Khaitan & Co LLP ‘stands out for the quality of its service‘, fielding a team with impressive bench strength. The department regularly assists clients with restructuring schemes and provides comprehensive regulatory guidance for a varied client base, which includes corporations, financial institutions, banks and non-banking financial companies. Kumar Saurabh Singh focuses on debt restructuring and advises lenders, borrowers and equity investors on restructuring issues. Rajeev Vidhani frequently advises a full range of stakeholders in insolvency processes, including operational creditors, promoters and private equity investors. With his ‘stellar reputation‘ in the insolvency sphere, Siddharth Srivastava uses his ‘prolific knowledge‘ to assist investors and bidders looking to put together resolution plans to take over distressed companies. Other key practitioners include Ashwin Bishnoi and Mehul Shah, who handles the international side of the practice, and is equipped to advise domestic and foreign clients on a variety of restructuring matters. Nikhil Narayanan has a particular interest in distressed investments, often assisting international investment banks and distressed funds in complex transactions.

Practice head(s):

Kumar Saurabh Singh; Ashwin Bishnoi; Siddharth Srivastava; Rajeev Vidhani; Mehul Shah; Nikhil Narayanan


‘KCO is a huge set up with premium quality partners.’

‘Siddharth Srivastava has prolific knowledge of the subject, offers best advice which protects his client’s interest. He is approachable, responsive and is extremely calm in difficult situations. He is my SOS for critical insolvency matters.’

‘KCO stands out for the quality of its service. Very professional and attentive.’

‘We work a lot with Siddharth, he definitely stands out for his knowledge in insolvency and restructuring space. Very sharp, updated and offers sensible advice in difficult situations. He has a stellar reputation in the market and is also known to give strategic advice in tricky insolvency litigation matters as well.’

‘Khaitan has an impressive track record, experience, bench strength and partners who are market leaders.’

‘As someone who has known Khaitan for many years and have seen them operate in R&I space, I would say that they come with very professional set of partners and resources, and always put client first. Very happy with their approach and work. They have done some of the marquee deals in the restructuring and insolvency space.’

Key clients

VOVL Limited

Reliance Industries Limited

Asset Care & Reconstruction Enterprises Limited

Jayaswal Neco Industries Limited

State Bank of India

Axis Bank

Bank of Baroda

Resolution Professional of Essar Power MP Limited

Resurgent Power Ventures Limited

Bharat Forge Limited

Centrum Capital Limited

IndusInd Bank Limited

Bank of Baroda

Piramal Capital and Housing Finance Limited

Luthra and Luthra Law Offices India

The team at Luthra and Luthra Law Offices India advises a full range of stakeholders on insolvency and liquidation processes, with a particular focus on disputes and contentious matters. The team’s varied client base includes bondholders, financial institutions, distressed funds and resolution professionals. The ‘sharp, erudite and practicalPiyush Mishra heads the practice, bringing his expertise in stressed assets, and acts for resolution professionals and committees of creditors, often assisting clients to achieve pre-IBC resolutions and liquidations. Sanjeev Kumar handles the dispute resolution side of the practice, frequently appearing before the Debt Recovery Tribunal and the National Company Law Tribunal, and is also accomplished in debt recovery matters. Nishant Singh has ample experience in structured debt funding and insolvency, handling large debt restructurings and distressed debt investments. Bikash Jhawar left the firm.

Practice head(s):

Piyush Mishra

Other key lawyers:

Rajiv K Luthra; Sanjeev Kumar; Sudipta Routh; Nishant Singh; Nakul Sachdeva; Jay Parikh


‘Excellent set of lawyers, ably led by Piyush Mishra, who is a very commercially savvy and practical lawyer.’

‘Piyush Mishra is a sharp, erudite and practical lawyer, with an excellent grasp on both legal updates and commercial understanding.’

Key clients

ArcelorMittal India Private Limited

Bank of Baroda

UTI Capital Limited

State Bank of India

Yes Bank Limited

Axis Bank Limited

Emaar India Limited

ICICI Bank Limited

Silver Point Capital, L.P.

Dentons Link Legal

Dentons Link Legal guides clients through resolution processes both in and out of court. Anand Srivastava, Nidhi Pathania and Abhishek Sharma jointly lead the practice, combining their experience in dispute resolution. Pathania has over 14 years’ experience in advising resolution professionals, foreign and multilateral banks, and financial institutions across a multitude of sectors; the team has great strength across the thermal and renewable energy, roads and ports sectors in particular. Namita Das frequently provides advice to transactional advisers and resolution applicants regarding the corporate insolvency resolution processes of large companies in the power, aviation and infrastructure sectors.

Practice head(s):

Anand Srivastava; Nidhi Pathania; Abhishek Sharma

Other key lawyers:

Namita Das; Y Sriniwas Arun


‘Great level of partner involvement and time.’

‘Link Legal has a very good blend of senior experienced partners and junior partners and associates, who work like a team.’

Key clients

Gitanjali Gems Limited

Era Infra Engineering Ltd.

ABG Shipyard Limited


Ind-Barath Power

ACIL Limited

Nakshatra Brands Limited

BCIL Group Companies

Grant Thornton

Power Finance Corporation Ltd.

ACIL Limited (RBSA)

Jyoti Structures Limited

Nakshatra World Limited

Transparent Energy Systems Limited

Topworth Pipes and Tubes Limited

Duff & Phelps India Private Limited

State Bank of India


GT Restructuring Services LLP

Jindal Steel and Power Limited

SBI Capital Markets Limited

John Cockerill India Limited

China Datang Technologies and Engineering Co. Ltd

Datang Technologies & Engineering India Pvt Ltd

Hinduja National Power Corporation Limited

BSR Diagnostics

Saraf and Partners

The vastly experienced Mohit Saraf heads the team at Saraf and Partners. The practice acts for bidders, lenders and insolvency resolution professionals in relation to insolvency resolution processes, debt restructuring of financing transactions as well as corporate restructuring transactions. In addition to corporate insolvency, Bikash Jhawar has broad expertise advising on domestic lending structures and off-shore India linked borrowing and lending matters and is sought out in relation to structuring investments into India. On the contentious side, Abhishek Swaroop handles litigation in the Supreme Court, High Courts and the National Company Law Tribunal.

Practice head(s):

Mohit Saraf

Other key lawyers:

Bikash Jhawar; Abhishek Swaroop


JSW Steel Limited: Bhushan Power and Steel

HDFC AMC Limited

Deloitte Touche Tohmatsu Limited

L&T Infra Debt Fund

India Infradebt Limited

IDBI Bank Limited

Bank Limited

IFCI Limited

Key clients

JSW Steel Limited: Bhushan Power and Steel

HDFC AMC Limited

Deloitte Touche Tohmatsu Limited

L&T Infra Debt Fund

India Infradebt Limited

IDBI Bank Limited

Yes Bank Limited

IFCI Limited

India Infrastructure Finance Company Limited


The team at Trilegal displays a ‘high level of technical legal expertise‘ when advising distressed companies, creditors, lenders and investors on complex restructurings and liquidation processes, both in and out of court. Yogesh Singh leads the practice from Gurgaon and is often involved in first-of-their-kind restructurings and distressed asset transactions. Aniruddha Sen is ‘reliable, affable and conscientious‘ in his approach when providing advice to investment banks and international funds on debt restructurings. The team also directs its focus towards advising strategic investors looking to acquire businesses in distress under the Insolvency and Bankruptcy Code. Nishant Parikh is a key contact and frequently assists with the submission of resolution plans. Kannan Rahul has substantial experience in assisting resolution professionals and financial institutions in insolvency processes, in addition to handling debt restructurings for clients in the public and private sectors. Former practice head Harsh Pais left the firm.

Practice head(s):

Yogesh Singh

Other key lawyers:

Aniruddha Sen; Nishant Parikh; Kannan Rahul; Ramakant Rai


‘The Trilegal Restructuring team is my go-to, they are responsive, knowledgeable and a pleasure to work with. They are reliable, and think about the big picture as well as the details. They regularly demonstrate a high level of technical legal expertise balanced with commercial and market insights, which help their clients navigate Indian restructuring and insolvency situations.’

‘Aniruddha Sen is a standout amongst Indian restructuring and insolvency lawyers. In addition to being across the legal technicalities, commercial and practical realities, and market trends, he is simply an easy person to work with; he is reliable, affable, and conscientious. He is always the first person I call with any restructuring or insolvency situations in India.’

Key clients

Värde Partners


India Resurgence Asset Management Business Private Limited (IndiaRF)

Piramal Group

Zee Entertainment Enterprise Limited (ZEEL)

Pertamina Hulu Energi Nunukan Company, Indonesia (PHE)

ICICI Bank Limited

Vistra ITCL Limited

Etihad Aviation Group

Ocean Deity Investment Holdings Limited

Asset Reconstruction Co. Ltd

Cooperative Rabobank U.A

Power Finance Corporation Limited

Committee of Creditors of South East U.P. Power Transmission Company Limited

ING Bank

Vedanta Limited

Asset Care and Reconstruction Enterprise

KKR India Financial Services Limited

Work highlights

  • Advised a client on all aspects of the acquisition of Dewan Housing Finance Corporation.
  • Represented Vistra and other lenders before the RBI.

Dhir & Dhir Associates

The team at Dhir & Dhir Associates assists clients with a full spectrum of restructuring and insolvency matters across multiple sectors, including power, infrastructure and telecoms. Alok Dhir has a wealth of experience as an insolvency professional, and specialises in both corporate and financial restructuring, while Varsha Banerjee often represents large lender groups, institutional creditors and shareholders in matters relating to debt restructurings and insolvency. Sachin Gupta heads the corporate litigation and dispute resolution practice and has extensive experience in assisting distressed entities and handling debt recovery matters.

Practice head(s):

Alok Dhir; Maneesha Dhir; Sachin Gupta; Varsha Banerjee; Karan Batura; Ashish Pyasi


‘They have a strong understanding of the client’s situation, provide timely responses, and give legally tenable advice.’

Key clients

Jindal India Thermal Power Ltd

Jaypee Group

Telecom Regulatory Authority of India (TRAI)

Alchemist Township Ltd.

First Step Ventures PTE Ltd

Gati Infrastructure Ltd.

DSK Legal

The team at DSK Legal engages with a variety of stakeholders, including debtors, promoters and creditors, providing strategic advice on each step of the insolvency process. Ajay Shaw advises on matters concerning distressed assets and loans for domestic and overseas corporates, and public and private sector banks, while Nirav Shah handles the contentious side of the practice, often appearing before the National Company Law Appellate Tribunal, High Courts and Supreme Court. The team directs its focus towards restructuring of corporate debtors by way of the courts and through contractual frameworks, in addition to liquidation processes and security recovery and enforcement. Other key contacts at the firm include Niraj Kumar, who focuses on assisting resolution professionals and committees of creditors on resolution processes and how to initiate them; and Ashish Pahariya, who frequently advises asset reconstruction companies on the drafting and structuring of resolution plans and due diligence matters.

Practice head(s):

Ajay Shaw; Nirav Shah; Niraj Kumar; Ashish Pahariya

Other key lawyers:

Sudhir Sharma

Key clients

Canara Bank, London Branch

Bank of Baroda, New York Branch

Kotak Investment Advisors Limited


Steel Strips Wheels Limited

UPL Limited

Prestige Estates Projects Limited

MTC Business Private Limited

State Bank of India

Bank of India

ICICI Prudential Real Estate AIF

Work highlights

  • Advised Kotak Investment Advisors Limited on the submission of a resolution plan in the CIRP of Prius Commercial Projects by a consortium.
  • Advised the resolution professional of Dighi Port.
  • Advising a resolution professional.


The ‘dynamic, enthusiastic, and solution-oriented‘ team at IndusLaw, known for its prowess in commercial litigation, represents a broad range of stakeholders within the insolvency space, including creditors, guarantors, directors and liquidators. Sushmita Gandhi presides over the practice alongside Amit Jajoo; Jajoo leads the litigation practice at the firm, while Gandhi, a seasoned dispute resolution expert herself, often handles contentious matters for sizeable debt defaulters in India, as well as providing advice to insolvency professionals and lenders. Associate Anamika Singh and senior associate Bhargac Kosuru represent clients in contentious matters before the National Company Law Tribunal and High Courts, in addition to various other dispute resolution forums. Lomesh Kiran Nidumuri left the practice.

Practice head(s):

Amit Jajoo; Sushmita Gandhi

Other key lawyers:

Shabbeer Ahmed; Bhargav Kosuru; Anamika Singh


‘The firm and their partners in restructuring & insolvency have the necessary skill, knowledge, manpower, infrastructure and all other attributes to make them unique and ‘go to’ lawyers for us. They understand client’s needs.’

‘Sushmita Gandhi has been our go to lawyer for litigation-related matters on many occasions. Her knowledge and expertise coupled with her experience in working for various banks and financial instructions, helps her provide better legal advice and support in managing litigation matters.’

‘The team at Indus are prompt and easily accesible, always eager to help. They are dynamic, enthusiastic, and solution oriented.’

‘I have worked closely with Sushmita Gandhi and Bhargav Kosuru. They are very energetic, and have excellent understanding of the sector. Very satisfied to have them represent our case.’

Key clients

YES Bank Limited



State Bank of India

Asset Reconstruction Company (India) Limited

Axis Bank

JM Financial Asset Reconstruction Company Limited

International Asset Reconstruction Company Private Limited

UCO Bank

Canara Bank

Punjab National Bank

Edelweiss Asset Reconstruction Company Limited

VBC Industries Limited

L&T Finance Limited

SVSS Commercial Private Limited

Phoenix ARC Ltd.

ARC Research and Development Centre Limited

Work highlights

  • Representing YES Bank in several insolvency petitions against various Radius Group companies.
  • Representing YES Bank in initiating insolvency proceedings against seven Essel group companies.
  • Representing the committee of creditors of Viceroy Hotels.

Krishnamurthy and Co

The team at Krishnamurthy and Co assist a varied client base comprised of resolution professionals and liquidators, financial creditors and resolution applicants. Ayush Agarwala and Rukmini Roychowdhury lead the practice from Mumbai, Agarwala focuses on the contentious side of the practice, with his experience spanning a myriad of sectors, including hospitality, telecoms and information technology; Roychowdhury handles the corporate side of the practice, frequently representing household name companies. Associate partner Aditya Narayan Mahajan specialises in dispute resolution and often engages in insolvency-related arbitration and disputes.

Practice head(s):

Ayush Agarwala; Rukmini Roychowdhury

Other key lawyers:

Aditya Narayan Mahajan

Key clients

Committee of creditors including Axis Bank Limited, Phoenix ARC, and others

Axis Bank

Xander Finance

The liquidator in the liquidation process of Biotor Industries Ltd.

Committee of creditors of Sharan Hospitality Private Limited

Committee of creditors of Lanco Mandakini Hydro Energy Pvt. Ltd.

Majority Committee of Creditors of Unimark Remedies Limited

State Bank of India

The resolution professional in the CIRP of Birla Cotsyn (India) Limited

SBI Funds Management Private Limited

Work highlights

  • Advising the committee of creditors of Prius Commercial Projects.
  • Represented Axis Bank and nine other members of a consortium in the restructuring and settlement of the outstanding debt of Kesoram Industries.
  • Successfully represented Xander Finance, where personal guarantor insolvency provisions were upheld by the Supreme Court.

Phoenix Legal

The team at Phoenix Legal regularly assists operational creditors and corporate debtors with voluntary liquidation processes, company dissolutions, and proceedings under the Insolvency and Bankruptcy Code. Gautam Bhatikar and Abhishek Saxena can often be found advising resolution professionals on navigating corporate insolvency resolution processes before the National Company Law Tribunal. The team takes a multi-sectoral approach, combining its lawyers' expertise across the mining and natural resources, oil and gas, telecoms and hospitality sectors.

Practice head(s):

Sawant Singh; Abhishek Saxena; Saket Shukla; Manjula Chawla; Vasanth Rajasekaran; Sriram Ramachandran; Gautam Bhatikar; Pranav Srivastava

Key clients

Vardex Tooling Pvt. Ltd.

Deutsche CIB Centre Private Limited

Deutsche India Private Limited

Chandhiok & Mahajan, Advocates and Solicitors

Chandhiok & Mahajan, Advocates and Solicitors displays ‘exceptional strength‘ when representing domestic and overseas clients before the National Company Law Tribunal, High Courts and the Supreme Court, and when advising on debt structuring, liquidations and resolutions. The ‘outstandingPooja Mahajan represents creditors, debtors, liquidators and resolution professionals in insolvency proceedings, with the support of senior associate Nishant Sogani. Managing associate Mahima Singh is a restructuring and insolvency specialist and directs her focus towards advising and representing resolution professionals before the High Courts and the Supreme Court.

Practice head(s):

Pooja Mahajan

Other key lawyers:

Mahima Singh; Nishant Sogani


‘The team has exceptional strength at its core and the ability of turning things around in a manner which is unparalleled. Their ability to have people available on the same day for the same case both virtually and physically makes them unique for the services they offer clients.’

‘Pooja Mahajan is absolutely outstanding. Her depth of knowledge surpasses many others, especially when it comes to appreciating the comparative aspects of cross-border insolvency.’

‘I have worked closely with Pooja Mahajan. Her broad set of experiences outside insolvency law enable her to be a stronger insolvency lawyer. She is able to look beyond the case and appreciate its larger implications. A forceful and compelling Advocate in court. Her team is extremely competent and takes great pride in each work product they send out.’

Key clients

Meghmani Organics Limited

GR Infraprojects Limited

Chowgule Group

Work highlights

  • Advised and represented the resolution applicants for Jet Airways in proceedings before NCLT Mumbai for approval of their resolution plan and in proceedings relating to its implementation.
  • Advised and represented the resolution professional of Patna Highway Projects during the company’s insolvency resolution process.
  • Represented Meghmani Organics in its successful acquisition of Kilburn Chemicals under the IBC.

Economic Laws Practice

The insolvency and restructuring team at Economic Laws Practice uses its multidisciplinary expertise to advise banks, operational creditors and insolvency practitioners on capital and debt restructuring and distressed transactions. Dinesh Pednekar heads the practice, often representing successful resolution applicants throughout long-running processes before the National Company Law Tribunal and the Supreme Court, with the support of Shailesh Poria. The team is adept in both contentious and non-contentious matters in the restructuring space. Babu Sivaprakasam and Dhrupad Vaghani left the practice.

Practice head(s):

Dinesh Pednekar; Shailesh Poria

Key clients

Reliance Commercial Finance Ltd.

Avil Menezes & Co

Work highlights

  • Represented Reliance Commercial Finance before the NCLT against Bamboo Hotels and Global Centre regarding a debt and default.
  • Advised Avil Menezes & Co, Liquidator Parekh Aluminex on the insolvency and resolution process of the company.

Majmudar & Partners

Taking a multidisciplinary approach, the team at Majmudar & Partners utilises its practitioners' combined expertise in corporate law, disputes and restructuring. Neerav Merchant and Rukshad Davar head the practice, often advising international companies with subsidiaries in India on liquidations and restructurings.

Practice head(s):

Neerav Merchant; Rukshad Davar

Other key lawyers:

Ravishankar Raghavan

Key clients

Essence Group Holding Corporation

Roto-Die Company, Inc.

Axis Bank Limited

Work highlights

  • Assisting Essence Group Holding on the winding-up of its Indian group company, Lumeris India, including assistance on disposal of assets, closure of the balance sheet and the repatriation of liquidation proceeds.
  • Assisting Roto-Die Company on the restructuring of its existing Indian subsidiary, Rotometrics India with Electro Optic (Asia).
  • Representing Axis Bank in execution proceedings filed before the High Court of Bombay against the owner of premises, seeking enforcement of the decree for refund of a security deposit.

Samvad Partners

Samvad Partners utilises its ‘rich experience‘ to advise a full range of stakeholders, including stressed asset funds, insolvency professionals and corporate debtors, on liquidation proceedings, out-of-court restructurings, and the implementation of resolution plans. Vineetha MG leads on the restructuring side of the practice, using her ‘great analytical skills‘ and knowledge of debt restructurings under joint lender forums, negotiated settlements and bankruptcy proceedings. Aparna Ravi leads on the insolvency and bankruptcy side, routinely representing debtors from the UK and US in bankruptcy cases, in addition to resolution professionals and applicants under the Insolvency and Bankruptcy Code. Arjun Krishnan advises asset reconstruction companies and banks on contentious matters before the National Company Law Appellate Tribunal and the Supreme Court.

Practice head(s):

Vineetha MG; Aparna Ravi

Other key lawyers:

Arjun Krishnan


‘The team has rich experience with clear and crisp views.’

‘Vineetha has great analytical skills, good industry and subject knowledge, solution oriented approach.’

Key clients

Aditya Birla ARC Limited

Axis Bank Limited

HDFC Bank Limited

IL&FS Engineering and Construction Company Limited

L.G Balakrishnan & Bros. Limited

Samena Capital

Yes Bank Limited

Work highlights

  • Advised KKR India Asset Finance on insolvency proceedings initiated against Mantri Developers, which culminated in a one-time settlement and withdrawal of insolvency proceedings.
  • Advised the consortium of lenders in the restructuring of loans extended to Sintex BAPL.
  • Advised KKR India Financial Services and other consortium lenders in connection with enforcement actions and restructuring of loans and debentures granted to group companies of Resonance Eduventures.

PSL Advocates and Solicitors

The practitioners at PSL Advocates and Solicitors use their ‘excellent commercial legal acumen’ when representing various stakeholders in a full spectrum of contentious insolvency and restructuring matters. Sandeep Bajaj and Sameer Jain lead the team. Jain often represents secured and unsecured creditors in enforcement matters, as well as before the National Company Law Tribunals and the High Courts, while Bajaj frequently advises resolution professionals, liquidators and major corporate houses. Aakansha Nehra utilises her vast expertise in corporate and commercial law to act for clients in recovery and corporate debt restructuring matters.

Practice head(s):

Sandeep Bajaj; Sameer Jain

Other key lawyers:

Soayib Qureshi; Aakanksha Nehra; Suvigya Awasthy


‘Extremely well versed in all aspects of the law, good grasp of the case, innovative and out of the box thinking. They get on with the case without prolonging matters. Direct and to the point – no beating around the bush.’

‘Excellent commercial legal acumen makes them our preferred choice for insolvency matters.’

‘Highly qualified, proactive individuals with excellent commercial legal acumen in insolvency matters.’

Key clients

HCL Technologies

Petron Engineering Construction Limited

KSS Petron (through its Liquidator)

Krrish & Brahma Buyers Association (Regd.)

Kerilee Investments Limited

Siemens Limited

Affordable Infrastructure and Housing Projects Pvt. Ltd

Shree Metals Private Limited

Hind Ins and Hotels Ltd

Prime Interglobe Private Limited

Siemens Limited

Jubliant Malls Private Limited

BKP Enterprises

Vipul Limited

Kerliee Investment (KI) Limited

Innovative Facilities Solutions Pvt. Ltd

M/s Shambhu Agencies Pvt. Ltd.

Siddhaye Structures Private Limited

Work highlights

  • Representing the ex-promotor of Bhushan Power and Steel in a Civil Appeal pending before the Honourable Supreme Court of India.
  • Represented HCL Technologies and an individual before the NCLAT in an appeal concerning a CIRP commencement against HCL.
  • Representing the promoter of Corporate Power against the initiation of the CIRP in a billion-dollar insolvency proceeding on the grounds of the application being time-barred before the NCLAT.