Restructuring/Insolvency
Asia-Pacific Guide 2024 : India
Band 1
Email address
[email protected]Contact number
+91 22 4072 9999Chambers Review
AZB & Partners houses a top-tier legal practice in India, especially noted for its strong regulatory knowledge relating to the Insolvency and Bankruptcy Code (IBC). The firm possesses extensive experience in landmark IBC cases, frequently acting for resolution professionals on major restructurings, as well as the bidders on stressed asset deals. Its team also offers experience acting for creditors on restructurings and advising foreign distressed asset funds on debt acquisitions. Its clients include major Indian conglomerates, international accounting firms and major domestic banks, among others, including the Reserve Bank of India and Varde Partners.
Work Highlights
- AZB & Partners assisted Ashish Chhawchharia (erstwhile RP of Jet Airways (India)) and the Grant Thornton Monitoring Committee formed for the resolution of the insolvency of Jet Airways with the evaluation and approval of resolution plans and the demands of creditors.
Strengths
Provided by Chambers
"AZB & Partners bring along strong functional expertise across both the advisory and litigation landscapes not just due to their experience in these areas but also the great talent pool that they attract."
"AZB's responsiveness to timelines and queries has been excellent. They have constantly displayed their dedication to the matter and resolved the issues at hand."
"AZB & Partners bring along strong functional expertise across both the advisory and litigation landscapes not just due to their experience in these areas but also the great talent pool that they attract."
"AZB's responsiveness to timelines and queries has been excellent. They have constantly displayed their dedication to the matter and resolved the issues at hand."
Notable Practitioners
Bahram Vakil is based in Mumbai and is an immensely experienced lawyer. Clients benefit from his involvement in drafting the IBC code and his participation in regulatory committees.
"Bahram gives them a lead and brings gravitas to the chamber."
Nilang Desai is a senior partner in Mumbai who is a leader in the restructuring and insolvency space. He frequently acts as adviser to resolution professionals, creditors and bidders on landmark IBC mandates.
"Nilang has been an invaluable partner to us for many years, advising on large and complex transactions. His enthusiasm for his work and proactive approach in developing and articulating sophisticated but pragmatic solutions make him a pleasure to work with."
Suharsh Sinha is a Mumbai-based lawyer who is well regarded for his advisory work in insolvency and restructuring matters. He often acts for resolution professionals, financial institutions and distressed asset investors.
"Suharsh has strong client relations and the rigour to deliver exceptional client service each time."