ZBA > Mumbai, India > Firm Profile

412 Raheja Chambers
213 Nariman Point
Mumbai 400 021

India > Shipping Tier 1

With strong experience in litigation and international commercial dispute resolution, Zarir Bharucha spearheads the shipping department at ZBA, headquartered in Mumbai. With an active practice in shipping, commodities and offshore energy and a renowned international arbitration practice, the team has a track record in international arbitration in the maritime trade, investment, insurance, construction and energy sectors. On the non-contentious front, the firm offers assistance on a range of contracts, corporate issues, risk management, ship financing and trade financing to its domestic and international clients. Key support is provided by associates Chandrasekhar Haridh, Rohaan Pajnigar and Bimal Rajasekhar.

Practice head(s):


‘Zarir Bharucha is a talented shipping litigator.’

‘I think this is the best shipping firm in India.’

Key clients

Apollo Export Warehouse Ltd.


E-Nav Offshore

Global Marine Systems Limited

Godrej and Boyce Mfg. Co. Ltd.

Banque Cantonale De Geneve

Motiva Trading LLC

Work highlights

  • Represented Banque Cantonale De Geneve in obtaining an order for arrest of the vessel MT Polaris Galaxy as security for the mis-delivery of cargo.
  • On behalf of a client, filed an admiralty suit against the vessel MV Karnika to recover amounts due.
  • Represented IDBI in an admiralty suit for arrest and sale of the vessel DLB Nand Gaurav before the Bombay High Court.

India > Banking and finance Tier 2

The team at ZBA has deep expertise in advising on transaction structuring for domestic and overseas banks. Niloufer Lam captains the practice and draws a broad client roster of multinational lenders and domestic financial institutions. The team often handles matters concerning infrastructure and project, trade and commodities, securitisation, and external commercial borrowing.

Practice head(s):

Niloufer Lam


‘The Team is technically very sound. The unique thing about ZBA is their ability to resolve any query which might or might not be related to any transaction where ZBA is counsel.’

‘Niloufer is an extremely sound lawyer and a very good person. She would always respond to your queries and will minutely study all the relevant aspects.’

Key clients

State Bank of India

Punjab National Bank

Bank of India

United Overseas Bank Limited

Indian Railway Finance Corporation Limited

Sumitomo Mitsui Banking Corporation

Oil and Natural Gas Corporation Limited

Hindustan Petroleum Corporation Limited

Work highlights

  • Advised Indian Railway Finance Corporation Limited in USD 2 bn secured foreign currency borrowing from State Bank of India, Hong Kong Branch.
  • Advised Indian Railway Finance Corporation Limited on a loan facility for USD 700m and USD 400m aggregating to USD 1.1bn from Sumitomo Mitsui Banking Corporation, Singapore, MUFG Bank, Ltd. and Mizuho Bank, Ltd
  • Advised State Bank of India, London Branch, Bank of Baroda, IFSC Banking Unit and Sumitomo Mitsui Banking Corporation, Singapore Branch on a USD 750m term loan facility granted to NTPC Limited.

India > Capital markets Tier 2

ZBA has an impressive track record in advising on debt capital markets issues, frequently assisting clients with foreign currency bond issuances, non-convertible debentures and medium-term note programmes. The team has a particular focus on transactions with cross-border aspects, often handling work in jurisdictions such as the UK, Singapore and the US. Niloufer Lam heads the practice from Mumbai; under her guidance the team frequently advises corporations operating across a number of sectors, including railways, energy, oil and gas, and financial services.

Practice head(s):

Niloufer Lam

Other key lawyers:

Mihir Shukla; Anuttam Mahapatra; Mallika Jain

Key clients

Hindustan Petroleum Corporation Limited

Indian Oil Corporation Limited

The Tata Power Company Limited

Power Finance Corporation Limited

Indian Railways Finance Corporation Limited

L&T Finance Holdings Limited

Oil and Natural Gas Corporation Limited

ONGC Videsh Vankorneft Pte. Ltd

ONGC Videsh Limited

Max Life Insurance Company Limited

Star Union Dai-ichi Life Insurance Company Limited

Niva Bupa Health Insurance Company Limited

Coastal Gujarat Power Limited

PNB MetLife India Insurance Company Limited

Bharat Oman Refineries Limited

REC Limited

Fasanara Capital

Nippon Mutual Fund

Shriram Housing Finance Limited

Vivriti Capital Private Limited

Work highlights

  • Advised Power Finance Corporation on a global medium-term note programme and issuance of green foreign currency bonds.
  • Advised REC Limited in issuances of Rupee non-convertible debentures/bonds.
  • Advised Indian Railways Finance Corporation under the global medium-term note programme.

ZBA is a client centric law firm providing international quality Indian legal services. We advise leading businesses which operate in India. We are known for advising on complex, strategic and reputation critical matters for our clients. This is where our quality of expertise, knowledge, tactics and depth of experience delivers the greatest impact and value.

Understanding your requirements, objectives and operating environment is important to us. We place particular emphasis on this aspect. We work with you to achieve extraordinary results, harness commercial potential and become trusted long-term partners. Smart strategies and honest advice set us apart from our peer group.

Domestic or international, established or forthcoming – we work with a diverse range of organisations. We identify and manage risk and liability, navigate legal challenges and enable your strategic growth in today’s complicated and volatile business environment.

Banking & Finance, Capital Markets Niloufer Lamniloufer.lam@zba.co.in+91 99206 68000
Admiralty & Maritime, Dispute Resolution & Arbitration Zarir Bharuchazarir@zba.co.in+91 98210 91908
Lawyers : 10
English (fluent)
Hindi and other Indian languages