Regarded as ‘a sharp and erudite team,’ the restructuring and insolvency practice at AZB & Partners has a robust offering which includes advising on structured finance, pre-insolvency restructuring, recovery strategies, and insolvency proceedings. The group is instructed by a wide range of stakeholders on high-value, high-profile, and cross-border matters, and its capabilities continue to attract new clients. Practice head Bahram Vakil boasts extensive experience handling restructuring, bankruptcy, and project financing issues. Nilang Desai concentrates on advising resolution professionals, stressed asset funds, and IBC resolution bidders on restructuring and insolvency and structured finance transactions, while Nilang Desai assists asset reconstruction companies and hedge funds on trading distressed debt and debt restructuring. Other notable practitioners in the group include Anindita Roychowdhury, Hardeep Sachdeva, and Saloni Thakkar.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘A sharp and erudite team, with good turnaround time especially during crises.’
‘Anindita Roy Choudhary is an extremely meticulous and sharp lawyer, who has been helping us across multiple IBC matters. There have been instances where we have also had her argue in court and she is effective.’
‘A highly balanced team with great resourcing across levels and tip-top domain expertise. ’
‘Nilang Desai actually gets the commercial deal. He is extremely sharp and very well-informed on market practices and regulatory developments, therefore getting to the optimal solution from a legal risk allocation perspective.’
‘Nilang Desai and Suharsh Sinha stand out for their genuineness and conscientious approach to all situations.’
Key clients
- Reserve Bank of India
- 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)
- 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
- Mr. Ashwini Mehra (acting as RP / Liquidator of Punj Lloyd Limited) and Grant Thornton
- DBS Bank Limited, Singapore
- Mr. Pulkit Gupta, Resolution Professional of Vadraj Cement Limited, and his transaction advisor Ernst & Young
- Experion Developers Private Limited and Experion Capital Private Limited
- Plutus Investments and Holding Private Limited
- Eva Agro Feeds Private Ltd.
- Standard Chartered Bank (Singapore) Limited
- DBS Bank Limited
Work highlights
- Advising the RBI for admission into insolvency resolution and thereafter, the RBI nominated Administrator, Mr. Rajneesh Sharma, in the insolvencies of SREI Infrastructure Finance Limited and SREI Equipment Finance Limited.
- Advised RBI in the filing of insolvency resolution of Reliance Capital Limited.
- Represented DBS Bank Limited, Singapore before the Supreme Court of India where the issue of entitlement of dissenting financial creditors to a minimum pay-out equivalent to the liquidation value of their security has been referred to a larger bench of the Supreme Court for its consideration.
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.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Saloni Thakkar
AZB & PartnersLeading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
The lawyer(s) leading their teams.
Bahram Vakil