Restructuring/Insolvency
Asia-Pacific Guide 2025 : India
Band 2
Contact number
+91 (22) 4405 0600About
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.
Chambers Review
Saraf and Partners was formed in 2021 and has a strong team of experienced restructuring and insolvency lawyers in India. Its team is well-versed in acting for resolution applicants, resolution professionals and committees of creditors on insolvency processes, including in matters before the NCLT. The team has capabilities in various sectors such as infrastructure, power and steel, and has a presence in New Delhi, Mumbai and Bengaluru.
Work Highlights
- Saraf and Partners represented the former resolution professional of Bhushan Steel in matters relating to corporate insolvency proceedings before the Delhi High Court.
Strengths
Provided by Chambers
"Saraf and Partners are good in providing practical and quick solutions to complex litigation matters and other issues which were referred to them."
"Their work is good. They know how the regulator's mind works."
"Saraf and Partners are good in providing practical and quick solutions to complex litigation matters and other issues which were referred to them."
"Their work is good. They know how the regulator's mind works."
Notable Practitioners
Mohit Saraf is the managing partner of Saraf and Partners and based in New Delhi. He is an experienced lawyer with expertise in handling debt restructuring and resolution processes.
"Mohit has an abundance of knowledge which helps his team members to provide quality service to clients."
Bikash Jhawar is based in Mumbai and is active working on behalf of resolution applicants, resolution professionals and committees of creditors in insolvency processes. He handles matters across a range of sectors, including steel, manufacturing, power and infrastructure.
Ranked Lawyers at
Saraf and Partners
India
Members
Provided by Saraf and Partners
Abhishek Swaroop
Abir Lal Dey
Akshay Nagpal
Head of Department
Manmeet Singh
Head of Department
Head of Department
Rohit Raghavan
Sagar Manju
Sanjeev Sharma
Satadru Goswami