The restructuring and insolvency practice at DSK Legal offers advisory, litigation, and transaction services which cover insolvency resolution processes, restructuring, and recoveries, as well as liquidations, defaults, and resolution compliance. Co-leading the group, which is predominantly instructed by resolution professionals, liquidators, and financial institutions, are distressed loans and asset expert Ajay Shaw, restructuring authority Niraj Kumar, and insolvency specialist Ashish Pahariya. Other notable practitioners include Satendra Kumar Rai, Soham Mookherjee, and Anisha Kumar.
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Profile
Work Department
Corporate and Commercial Laws, Mergers & Acquisitions, Infrastructure & Projects, Banking & Finance and Restructuring & Insolvency
Position
Partner
Career
Ajay has been with DSK Legal for more than 15 years and is recognised and respected for his expertise in the areas of Restructuring and Insolvency, Energy and Infrastructure, Project Finance and Mergers and Acquisitions.
Ajay has vast experience on matters pertaining to funding; resolution of distressed assets; restructuring under informal route (CDR/JLF/SDR etc.) and formal route (scheme approved by court); enforcement of security and insolvency proceeding. Ajay’s advice is sought, in particular, for legal and commercial issues pertaining to energy and infrastructure projects, including the bidding process for PPP/PFI deals, consortium arrangements, project equity, project debt, EPC, O&M, supply and offtake contracts. He has been advising private and public clients in the infrastructure and energy space.
He writes regularly on current legal and regulatory issues in leading Indian newspapers, international journals and websites. He also lectures at various including the University of Pune, the Institute of Chartered Accountants, the Centre for Civil Society, Federation of Gujarat Industries and the Xaviers Institute of Management.
Languages
English and Hindi
Memberships
Ajay is registered with the Bar Council of Maharashtra & Goa.
Education
Ajay holds an honours degree in Law from the ILS Law College, University of Pune.
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Testimonials
Collated independently by Legal 500 research team.
‘Ashish Pahariya is a hands-on counsel, who is always available for advice.’
Key clients
- Piramal Capital and Housing Finance Limited
- Steel Strips Wheels Limited
- Anirudh Agro Farms Limited
- UPL Limited
- Resolution Professional for JBF Petrochemicals Limited
- Resolution Professional for DS Kulkarni Developers Limited (DSKDL)
- Liquidator for IVRCL Limited
- Eicher Polaris Private Limited (“Eicher Polaris”), (KPMG Restructuring), Liquidator of Eicher Polaris
- MTC Business Private Limited
- Six Sigma Investments Fund (“RA”)
- Aditya Birla Finance Limited
- Rajgreen Amusement Park Private Limited
- IL&FS Financial Services Limited
- Assets Care & Reconstruction Enterprise Limited
Work highlights
Assisting Piramal Capital and Housing Finance Limited in relation to the initiation of insolvency against various borrowers who have defaulted on its payment obligations.