Restructuring/Insolvency
Asia-Pacific Guide 2024 : India
Band 3
Email address
[email protected]Contact number
+91 22 6658 8000About
Provided by DSK Legal
Restructuring and Insolvency practice requires a strong advisory team with equally strong litigation team as the insolvency resolution process is under the aegis of the National Company Law Tribunal. DSK Legal fares significantly well in this with strong presence in both Mumbai and Delhi. The advisory team is engaged in providing strategy level advice in connection with the options available to the various stakeholders (creditors/ debtors/ shareholders/ promoters) in connection with any default situation. The team has vast experience on dealing with the rectification of the account of the corporate debtor vide contractual arrangement, restructuring of the corporate debtor (vide the formal route i.e. the court process and the informal route i.e. contractual framework), recovery and enforcement of the security for the benefit of the secured creditor, insolvency resolution process and liquidation of the corporate debtor.
The advisory and the litigation team work in close coordination to achieve the objectives of the stakeholder. The advisory team is involved in drawing up a roadmap arising out of the default situation for relevant stakeholders and the litigation team steps into the matter in connection with enforcing the strategy in court, judicial tribunal and arbitral tribunal.
Chambers Review
DSK Legal has a robust restructuring law practice in India, often acting for resolution professionals and liquidators and representing clients before the NCLT. Its restructuring team also advises on the drafting of resolution plans for distressed companies. The team is well versed in initiating insolvency proceedings on behalf of public banking institutions. The firm handles mandates relating to a range of industries, with particular expertise in infrastructure, steel and energy. Its clients include Imagicaaworld Entertainment, Chettinad Group and ArcelorMittal India.
Work Highlights
- DSK Legal advised Steel Strips Wheels in regard to the drafting, negotiation and submission of a resolution plan in the CIRP of AMW Autocomponent.
Notable Practitioners
Ajay Shaw is based in Mumbai, where he often acts on behalf of resolution professionals and liquidators in corporate insolvency proceedings, as well as assisting clients with resolution plans.
Ranked Lawyers at
DSK Legal
India
Clients
Provided by DSK Legal
Asset Reconstruction Company of India Limited (ARCIL)
BDO Restructuring LLP
Bank of India (BOI)
Edelweiss Asset Reconstruction Company Limited (EARC)
HDFC
ICICI Prudential
IDBI Bank
IL&FS Services Ltd.
KPMG
PWC
Phoenix ARC Private Limited
State Bank of India (SBI)