Department profile
JSA

Restructuring/Insolvency

Asia-Pacific Guide 2026 : India


JSA

Rankings

About

Provided by JSA

We have been at the has been at the forefront of the new insolvency law and has been involved in almost all major cases of insolvency under the new law. JSA continues to play an active role in shaping the constantly evolving insolvency law and policy in India.

Our experience covers the entire range of this practice, starting from restructuring under formal and informal procedures towards revival for corporates with early signs of distress, to processes involving actual liquidation and winding down of businesses. We advise clients at the pre insolvency stage or during the corporate insolvency resolution process (advising the committee of creditors/the resolution professional), to acquisition of the stressed asset via an insolvency process.

Our team has been involved in several corporate insolvency resolution processes (“CIRP”) that have commenced under the Insolvency and Bankruptcy Code, 2016 (“IBC”) as well as several out of court restructurings under the framework of the Reserve Bank of India (“RBI”) for restructuring of stressed assets. Our lawyers are well versed in corporate law, exchange control regulations and banking regulations, and work in collaboration with specialists from our capital markets & securities, M&A, projects & infrastructure and real estate practices. This collaborative approach, combined with our sectoral expertise enables us to provide seamless service and in-depth legal advice and solutions on all aspects of insolvency and debt restructuring.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - India

Band 2

Band 2


What the Team is Known For

The established group of lawyers at JSA often handles insolvency cases for creditors' committees, joint lenders' forums and resolution professionals in sectors such as steel, energy, finance and textiles. Alongside advising on the administering of resolution plans, it also represents clients in related litigation.

Work Highlights

Provided by Chambers

  • JSA advised the committee of creditors of Go First Airways on the initiation and conduct of the corporate insolvency resolution process of Go Airlines.

Strengths

Provided by Chambers

  • JSA has good all-round experience and most importantly, a commitment to the issue at hand and sincerity towards the job.

    Restructuring/Insolvency respondentAsia-Pacific
  • The firm consistently demonstrates a thorough understanding of our internal standards and risk appetite. Its lawyers' proactive, deal-solving mindset has repeatedly guided us through complex issues.

    Restructuring/Insolvency respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Band 3Varghese Thomas
    Band 3Varghese Thomas

    Varghese Thomas

    Varghese Thomas co-chairs the disputes practice at JSA and is noted for his experience advising on CIRPs, including NCLT applications. He regularly acts for resolution professionals and lenders, and recent work has involved insolvencies in the aggregates, water and energy industries.

Ranked Individuals at JSA (1)

India

Members

Provided by JSA

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