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Restructuring and insolvency

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AZB & Partners

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AZB & Partners boasts a longstanding reputation in the Indian market for its restructuring and insolvency expertise. The group routinely represents creditors, liquidators, and businesses in high-value mandates, both domestically and internationally. Its robust offering encompasses insolvency resolution processes, related litigation, and acquisitions, as well as corporate agreements, reallocations of resolution plan proceeds, and transaction structuring, among other matters. At the helm of the practice is Bahram Vakil, who predominantly advises multinational banks on acquisitions under the IBC, restructurings and bidding processes, and insolvency proceedings. He is supported by structured finance and private credit authority Nilang Desai, voluntary insolvency and resolution applicant expert Hardeep Sachdeva, and Ravi Bhasin, who stands out for his distressed acquisition and debt recovery prowess. The team also benefits from the aptitude of Anindita Roychowdhury, who concentrates on disputes arising from insolvencies and liquidations. On the restructuring and structured debt issuances front, Suharsh Sinha is the name to note, while Avinash Subramanian is a key contact for structured credit issues. Other core practitioners in the department include Saloni Thakkar, Abhishek Awasthi, and Abhyudai Singh.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team's key strength is the go-getter attitude.’

  • ‘Have not come across any situation where I wouldn't have received a satisfactory resolution of the issue posed to the team, howsoever complex it may be.’

  • ‘The team is solution oriented and have amalgamated commercial with legal so as to provide optimum solutions which are in the interest of the client.’

  • ‘Ravi Bhasin and Parag Maini are the go-to persons for us for any matter whatsoever and in any jurisdiction.’

  • ‘The team at AZB has a commercial-legal blending, which helps in optimum solutions without sacrificing the interest of the client.’

  • ‘Team with in-depth knowledge of the IBC law and relevant subject matters. They have the ability to recommend the right approach and actions to be taken.’

Key clients

  • RBI
  • Deloitte India Insolvency Professionals LLP and Mr. Nageswara Rao Y (RBI nominated Administrator of Reliance Capital Limited)
  • Ernst & Young and Mr. Rajneesh Sharma (RBI nominated Administrator in the insolvencies of SREI Infrastructure Finance Limited and SREI Equipment Finance Limited)
  • Värde Partners
  • Grant Thornton and Mr. Ashish Chhawchharia (erstwhile RP of Jet Airways (India)/Monitoring Committee formed in the resolution of Jet Airways (India))
  • Alvarez & Marsal and Mr. Devendra Mehta, Insolvency Professional, appointed for personal insolvencies of Mr. Dheeraj Wadhwan and Mr. Kapil Wadhwan
  • Welspun Corp Limited
  • Adani Realty
  • Plutus Investments and Holding Private Limited
  • Eka Life Limited

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Bahram Vakil

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Nilang Desai
Anindita Roychowdhury
Suharsh Sinha

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Avinash Subramaniam
Saloni Thakkar

Practice head

Bahram Vakil

Other key lawyers

Nilang Desai; Hardeep Sachdeva; Ravi Bhasin; Anindita Roychowdhury; Suharsh Sinha; Avinash Subramaniam; Saloni Thakkar; Abhishek Awasthi; Abhyudai Singh; Parag Maini; Vatsala Rai

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