The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Dhir & Dhir Associates

D-55, DEFENCE COLONY, NEW DELHI 110 024, INDIA
Tel:
Work +91 11 4241 0000
Fax:
Fax +91 11 4241 0091
Email:
Web:
www.dhirassociates.com
Aichi-Ken, Hyperbad, Mumbai, New Delhi

India

Banking and finance
Banking and finance - ranked: tier 2

Dhir & Dhir Associates

Dhir & Dhir Associates has been active in the real estate and infrastructure financing space; for example, the team is assisting the Indian Railway Finance Corporation with an external commercial borrowing of $250m from a consortium of Japanese banks. In another matter, the group advised DMI Finance Private on an INR500m loan facility to construction company KW Group for the development of two commercial projects. Girish Rawat is the name to note.

[back to top]

Capital markets
Capital markets - ranked: tier 2

Dhir & Dhir Associates

Dhir & Dhir Associates' cornerstone area of expertise lies in debt capital markets and the buyback of securities, and the team has reported an uptick in mandates involving the buyback of equity shares and issuance of non-convertible debentures. The practice is well known for assisting clients with public offerings, takeovers, private placements and other SEBI-related matters. The group recently assisted SJVN, a joint venture between the governments of India and Himachal Pradesh, with its high-value buyback of equity shares, and also acted for Mahagun Real Estate, a real estate developer, on its private placement of INR2000m non-convertible debentures. In another matter, the group is advising the Indian Railway Finance Corporation on the issue of $300m of masala bonds. Girish Rawat is the key practitioner.

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 3

Dhir & Dhir Associates

Managing partners Alok Dhir and Maneesha Dhir jointly lead the practice Dhir & Dhir Associates, which advises clients from a wide range of sectors, including infrastructure, telecoms, real estate, energy and finance, on entry strategy, foreign direct investment, and joint ventures, among other areas. Highlights include advising INR Energy Ventures on acquiring the entire shareholding of Greeno Projects and Greenolite Solar for acquiring and implementing a solar power project.

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 2

Dhir & Dhir Associates

At Dhir & Dhir Associates, recent work includes representing the Save Avali Trust in an objection against the construction of an abattoir in Faridabad, on the grounds that the information provided for the construction was misrepresented. Simbhaoli Sugars is another recent client. Managing partners Alok Dhir and Maneesha Dhir are notable disputes practitioners, and Sachin Gupta heads the practice.

[back to top]

Projects and energy
Projects and energy - ranked: tier 3

Dhir & Dhir Associates

Girish Rawat is the key name at Dhir & Dhir Associates, where the team has been notably active in the renewable energy sector, with a key focus on solar power projects. In this context, the group recently acted as lender’s counsel to a government agency concerning financial assistance to Vento Power for the construction of a 40MW solar power project in the state of Odisha, and assisted a jewellery firm with acquiring land in the state of Karnataka for the development of a 20MW solar power project. Hyderabad-based Siva Gopinatham is also noted.

[back to top]

Real estate and construction
Real estate and construction - ranked: tier 3

Dhir & Dhir Associates

Jointly led by New Delhi-based Girish Rawat and Siva Gopinatham, who heads up the Hyderabad practice, the real estate department at Dhir & Dhir Associates has particular experience handling project finance transactions. The department was instructed by Panchsheel Buildtech on its issue of a non-convertible debenture. It also advised the National Aluminium Company on its acquisition of several parcels of land in Tamil Nadu. The group also counts LIC Housing Finance and Mumbai Metro Rail Corporation among its clients.

[back to top]

Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Dhir & Dhir Associates

The corporate restructuring and insolvency practice at Dhir & Dhir Associates is frequently instructed in restructuring and insolvency code proceedings, with particular experience advising creditors. In a matter jointly led by managing partner Alok Dhir and associate partner Carsha Banerjee – both based in New Delhi – a team was instructed both initially by Punjab National Bank and later by the Industrial Development Bank of India in relation to MBL Infrastructures insolvency process. A team led by Nilesh Sharma is also advising a committee of creditors in the corporate insolvency resolution process of Athena Domwe Power.  In another highlight, the team is advising the suspended board of Essar Steel on legal issues arising from the company's insolvency.

[back to top]

TMT
TMT - ranked: tier 3

Dhir & Dhir Associates

Dhir & Dhir Associates is recognised for handling regulatory disputes in the media and telecoms sector. Practice head Maneesha Dhir is instructed by the Telecom Regulatory Of India in challenges brought by broadcasters, including Sony Pictures Network. The group also frequently represents Bharat Sanchar Nigam in contentious matters.

[back to top]


Further information on Dhir & Dhir Associates

Please choose from this list to view details of what we say about Dhir & Dhir Associates in other jurisdictions.

India

Offices in Hyperbad, Mumbai, and New Delhi

Legal Developments in India

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • WHHPL v NHAI

    New Delhi, 31st August 2019: West Haryana Highways Projects Private Limited (a Special Purpose Vehicle of Era Infra Engineering) was awarded a Concession Agreement by NHAI on DBFOT Toll basis for widening of existing two lane highway and also constructions of two new bypasses. Although WHHPPL substantially completed the work and Toll was stared in 2014, NHAI was not declaring the completion. Also WHHPPL suffered huge losses due to Project overrun including threat from Banks/Financial Institution w.r.t Insolvency Proceedings (needless to reiterate one such proceedings under I&B Code filed by Bank of Baroda (erstwhile Dena bank) was recently rejected by Principal Bench, New Delhi). It was the case of WHHPPL that NHAI failed to adhere to the terms of CA in fulfilling its obligation of handing over of land. The Arbitral Tribunal passed an Award in favor of WHHPPL inter alia agreeing with the contentions of WHHPPL and also held that NHAI was in breach of the CA. The Tribunal passed an award (including interest) of Rs.750 Crores in favor of WHHPPL .
  • Singh & Associates' (S&A) Founding Partner, Manoj K Singh, awarded with ‘Special Recognition...

    Singh & Associates' (S&A) Founding Partner, Manoj K Singh, awarded with ‘Special Recognition for Service to the Legal Profession’ at Achiever’s Awards 2019
  • GSTing till 2019 and ahead!!

    With the implementation of GST two years back, India has seen one of the biggest tax reforms for the growth and revival of its economy. Post the journey of peaks & troughs, the GST regime is finally settling in to the needs of business cycle. The Government, with the theme of promoting ‘ Ease of Doing Business ’, is trying hard to make this reform simpler, business friendly and transparent in its functioning. Such measures can also be seen during this year’s budget speech of our Hon’ble Finance Minister, wherein announcements were made towards the simplification of GST.
  • Ld’ Adjudicating Authority dismisses the Application under Section 7 by ICICI Bank against Hyderab

    Ld’ Adjudicating Authority dismisses the Application under Section 7 by ICICI Bank against Hyderabad Ring Road Projects Private Limited a Special Purpose Vehicle related to Era Infra Engineering Limited.
  • Singh & Associates' (S&A) Founding Partner, Manoj K Singh, wins “Dispute Resolution Lawyer...

    Singh & Associates' (S&A) Founding Partner, Manoj K Singh, wins “Dispute Resolution Lawyer of the Year” Award at Indian Legal Awards 2018-19, Legal Era
  • Sulphur Cap Ahead - Regulatory

    Sulphur Cap Ahead - Regulatory
  • GTDT Shipping - India

    Mr Shardul Thacker heads the shipping, oil and gas and banking practice group at Mulla & Mulla & Craigie Blunt & Caroe. Lloyd’s List ranked him third in their top 10 lawyers stating: “Highly regarded for his work in the liquefied natural gas sector, particularly for interesting and highly geared finance deals in relation to infrastructure projects, energy, ports and ships.” india_-_gtdt_shipping_
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • Transport Finance Review - India

    The transportation industry – aviation, shipping and rail – has been predominantly owned by government entities since India’s independence in 1947. Air India and Indian Airlines, both government-owned, rules the skies; the Shipping Corporation of India (SCI), established in 1961 and owned by the government, owns and operates around one-third of the Indian tonnage. All railway property is government owned.
  • International Arbitration Review - India

    The Arbitration and Conciliation Act, 1996 (Act) provides the framework for arbitration and conciliation in India. Drafted on the basis of the UNCITRAL Model Law, it is divided into four parts. Each part governs a different aspect of the arbitration and conciliation process: a Part 1 governs commercial arbitration; b Part 2 governs the enforcement of certain foreign awards; c Part 3 governs conciliation; and d Part 4 contains supplementary provisions (regarding the power of the court to make rulings, etc.). The Act 2 was recently amended in 2016 with an aim to make it more robust by plugging the lacunae that existed in the original legislation.