Bahram N Vakil

Practice Areas

• Banking & Finance

• Corporate / Mergers & Acquisitions

• Restructuring & Insolvency

• Energy

• Infrastructure

• Microfinance

Career

One of the founding partners of AZB & Partners, Bahram N. Vakil is amongst India’s foremost restructuring, infrastructure and project finance attorneys and has been acknowledged as a leading restructuring and project finance lawyer by most international publications. The World’s Leading Lawyers for Business calls Vakil a gregarious and hard–headed lawyer who is valued by clients for his “smart, reliable and practical advice.” Chambers & Partners Global singles out his finesse at negotiations, stating that “He adds value in negotiations, ensuring both parties see the other’s point of view.” He has an LL.M. from Columbia University and is a member of the New York State Bar.

Professional Memberships

Directorships, Memberships & Affiliations

• Member of the Insolvency Law Academy's Thought Committee on Bank Insolvency (2023)

• Chairperson of the ASSOCHAM (The Associated Chambers of Commerce and Industry of India) National Council on Insolvency & Bankruptcy Code and Valuation (2023)

• Member of Standing Committee on Primary Markets (2024)

• Member of Expert Committee for drafting legal framework for allowing Variable Capital Company (VCC) structure in the IFSC(s) (2024)

• Member of IFSCA constitutes Committee on Framework for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC (2024)

• Member of expert committee to recommend reforms in the Arbitration Law

• Independent Expert for the review function “Compliance” under Performance Review Committee of IFSCA

• Member of Working Group on Direct Listing of Equity Shares of listed Indian companies on IFSC Exchanges

• Member of the Expert Committee for the proposed International Arbitration Centre (IAC) at GIFT IFSC

• Member of the expert committee to propose creditor-led resolution approach under the Code, constituted by Insolvency & Bankruptcy Board of India (2023)

• Steering Committee Member, ASSOCHAM 5th National Summit Asset Reconstruction Companies (2023)

• Co–Chair, International Development & Practice Committee, International Insolvency Institute (2022)

• FICCI National Executive Committee (2022)

• FICCI Capital Markets Committee : Sub Group on Ease of Doing Business (March – July 2022)

• Committee of Experts constituted by the International Finance Services Centre Authority (IFSC) to recommend measures / create a framework, for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC (January – February 2022)

• Taskforce on Scaling Voluntary Carbon Markets, a private sector initiative working to scale an effective and efficient voluntary carbon credit market to help meet the goals of the Paris Agreement (2021)

• Insolvency Law Amendment Committee, constituted by the Ministry of Corporate Affairs, to recommend amendments to the IBC (2019 – Present)

• Task Force on the Development of Secondary Market for Corporate Loans, set up by the Reserve Bank of India (2019 – Present)

• International Insolvency Institute, a non–profit, limited membership organization, set up to promote international cooperation and coordination in the insolvency field (2019 – Present)

• Technical Co–Chair, Main Organising Committee of INSOL International (2019)

• Dr. T. K. Viswanathan Committee on Bankruptcy Law Reforms, constituted by the Ministry of Finance, Government of India, to draft the Insolvency and Bankruptcy Code, 2016 (2015)

• Financial Sector Legislative Reforms Committee, SEBI Advisory Group (2011)

• U.K. Sinha Committee – Working Group on Foreign Investment in India (2010)

• New York State Bar Association (1985)

• Bar Council of Maharashtra & Goa (1982)

Work Highlights

• Carval Investors on the acquisition of Uttam Galva Value Limited and Uttam Galva Metallics Ltd under the IBC

• RBI appointed administrator of DHFL and his transaction advisor, Ernst & Young, through the first of its kind restructuring and bidding process of a financial services company in IBC being put up for sale in parts

• Resolution Professional of Jet Airways on the insolvency proceedings of Jet Airways under the IBC