Department profile
AZB & Partners

Restructuring/Insolvency

Asia-Pacific Guide 2026 : India


AZB & Partners

Rankings

About

Provided by AZB & Partners

AZB’s Restructuring & Insolvency practice is possibly the only Indian practice whose team offers advice to a wide range of stakeholders on interconnected issues. This includes highly complex domestic and cross–border structured finance and high–yield transactions, pre–Insolvency and bankruptcy code, restructuring and formulation of legislative policy and devising regulations.

AZB has played a critical role in advising the central government and the Reserve Bank of India on devising regulations around NPA resolution and liquidity in the market for distressed assets. Our thought leadership in devising regulatory change, coupled with an established Restructuring & Insolvency and structured finance practice, gives us a unique perspective in delivering incisive advice in an evolving area of law, which few, if any, Indian firms possess.

Our partners benefit immensely from their close association with advising the government on policy changes while advising clients on challenging situations. We also draw extensively from legal principles and developments in foreign jurisdictions through our close association with leading law firms and practitioners across the globe.

Our clients include resolution professionals, committees of creditors, bidders and dissenting creditors. We have also advised banks and foreign distressed assets funds on pre–insolvency situations involving intricate cross border issues.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - India

Band 1

Band 1


What the Team is Known For

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.

Work Highlights

Provided by Chambers

  • AZB & Partners acted for the administrator and transaction adviser for the corporate insolvency resolution of Reliance Capital.

Strengths

Provided by Chambers

  • Backed by a deep bench of talented professionals and well-developed resources, AZB & Partners offers legal advice that is both strategic and pragmatic.

    Restructuring/Insolvency respondentAsia-Pacific
  • The law firm's thorough understanding of the law, combined with a client-focused approach, ensures effective solutions and an exceptional service.

    Restructuring/Insolvency respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersBahram N Vakil
    Eminent PractitionersBahram N Vakil

    Bahram N Vakil

    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 Vakil is no doubt one of the best when it comes to regulatory views and the ability to overlay a commercial aspect on matters.

      Restructuring/Insolvency respondentAsia-Pacific
    • Bahram Vakil has exceptional regulatory knowledge and sophistication.

      Restructuring/Insolvency respondentAsia-Pacific
  • Band 1Nilang Desai
    Band 1Nilang Desai

    Nilang Desai

    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 is a smooth operator who is able to navigate and find a solution in the most difficult of restructurings. You can always trust Nilang to find you a solution.

      Restructuring/Insolvency respondentAsia-Pacific
    • He is a fantastically sharp lawyer who understands the intricacies of the legal system.

      Restructuring/Insolvency respondentAsia-Pacific
  • Band 2Suharsh Sinha
    Band 2Suharsh Sinha

    Suharsh Sinha

    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 Sinha, who is extremely commercial and sensible, is very helpful in guiding us through differences between what the law says and how it operates in practice.

      Restructuring/Insolvency respondentAsia-Pacific
    • Suharsh Sinha has demonstrated an exceptional depth of knowledge and provides insightful and practical solutions tailored to our needs.

      Restructuring/Insolvency respondentAsia-Pacific
  • Up and ComingSaloni Thakkar
    Up and ComingSaloni Thakkar

    Saloni Thakkar

    Saloni Thakkar is recognised for her restructuring practice. She is valued by clients for her capacity to grasp complex situations and her determination in finding solutions.

    • Saloni is an all-rounder who understands clients well.

      Restructuring/Insolvency respondentAsia-Pacific
    • Saloni Thakkar is very responsive, responsible and knows her field the best.

      Restructuring/Insolvency respondentAsia-Pacific

Ranked Individuals at AZB & Partners (4)

India

Members

Provided by AZB & Partners

What success is built on

Chambers is the leading data and intelligence partner for the legal sector.

Explore thought leadership