About
Provided by Saraf and Partners
Introduction
Saraf and Partners' Insolvency & Restructuring team has acted for bidders, lenders and insolvency resolution professionals as their advisors in marquee corporate insolvency resolutions since the inception of the Insolvency & Bankruptcy Code, 2016.
Their practice is recognised as one of the finest in the country in this area. The Firm’s Founder & Managing Partner, Mr. Mohit Saraf, co-chairs the Federation of Indian Chambers of Commerce & Industry (FICCI) Committee on Stressed Assets. He is also part of group which meets with the Insolvency and Bankruptcy Board of India regularly to discuss and assist in development of insolvency and restructuring practices in India.
Recent Work
- Advise to Resolution Professional of Binani Cements, Bhushan Steel, Korba West Power Plant, South East UP Transmission on the CIRP and the resolution plans.
- Advised Committee of Creditors of Ruchi Soya, Reliance Naval, Lavasa Corporation, Rohit Ferro-tech, GMR Chattisgarh on the resolution plans.
- Advised ArcelorMittal / Nippon Steel in their acquisition of Essar Steel and Odisha Slurry Pipeline.
- Advised JSW Steel in their acquisition of Bhushan Power & Steel Limited and Vardhaman Industries.
- Advised the Resolution Professional during the liquidation of EPC Constructions; assisted in taking over of assets, recovery of receivables and in general litigation to preserve and protect the assets. Advising on action against the defaulting resolution applicant.
