Department profile
Shardul Amarchand Mangaldas & Co

Restructuring/Insolvency

Asia-Pacific Guide 2026 : India


Shardul Amarchand Mangaldas & Co

Rankings

About

Provided by Shardul Amarchand Mangaldas & Co

The firm has been at the forefront of India's insolvency law since the enactment of the Insolvency and Bankruptcy Code, 2016, and has been involved in almost all major insolvency cases under this legislation. The firm has approximately 100 lawyers and 14 partners across multiple locations handling insolvency and restructuring matters.

The practice covers the entire range of restructuring work, from informal and formal revival procedures for corporates showing early signs of distress, to corporate insolvency resolution processes, acquisition of stressed assets, and actual liquidation and winding down of businesses.  The team's integrated approach addresses acquisitions, deal structuring, drafting resolution plans, legal due diligence, and representation before the NCLT, NCLAT, Supreme Court, and other judicial fora. 

The firm has considerable experience representing creditors, resolution professionals, distressed corporates, and resolution applicants, as well as stressed assets funds, banks, financial institutions, and private equity players in evaluating investments through debt, equity, and synthetic instruments.   The practice works closely with Banking & Finance, M&A, Tax, Employment, and Dispute Resolution teams to provide comprehensive solutions. 

The firm has also played a significant role in policy making, with its Executive Chairman having served on the Insolvency Law Committee and the cross-border insolvency committee constituted by the Government of India.

Industries (25)

  • Steel & Metallurgy
  • Power & Energy
  • Telecommunications
  • Infrastructure & Construction
  • Real Estate & Township Development
  • Hospitality & Hotels
  • Retail
  • Banking & Financial Services
  • Textiles & Manufacturing
  • Oil & Gas
  • Cement
  • Pharmaceuticals & Healthcare
  • Aviation
  • Automotive
  • Ferro Alloys & Mining
  • Education Infrastructure
  • Logistics & Transportation
  • Paper & Pulp
  • Cable & Technology
  • Tyres & Rubber
  • Renewable Energy & Wind Power
  • Food & Beverage
  • Consumer Products
  • Asset Reconstruction
  • Highway & Road Development

Chambers Review

Provided by Chambers

Restructuring/Insolvency - India

Band 1

Band 1


What the Team is Known For

Shardul Amarchand Mangaldas' market-leading insolvency law team acts for leading Indian and global financial institutions and committees of creditors, as well as resolution professionals. The team is frequently involved in the highest-profile domestic cases, including in the steel, manufacturing, real estate and infrastructure spaces. The team advises on distressed asset transactions, resolution plans and contentious insolvency proceedings, working in conjunction with the firm's other departments.

Work Highlights

Provided by Chambers

  • Shardul Amarchand Mangaldas & Co represented Pembroke Aircraft Leasing, Jackson Square Aviation, and Bluesky Entities before Delhi High Court in relation to the rejection of the de-registration applications by Directorate General of Civil Aviation.

Strengths

Provided by Chambers

  • Shardul Amarchand Mangaldas provides comprehensive guidance and comprehends client expectations.

    Restructuring/Insolvency respondentAsia-Pacific
  • Shardul Amarchand Mangaldas delivers value by providing bespoke advice and guidance, along with top-of-the-line service levels.

    Restructuring/Insolvency respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersShardul S Shroff
    Eminent PractitionersShardul S Shroff

    Shardul S Shroff

    Shardul Shroff in New Delhi heads the insolvency and restructuring team and has particular expertise in advising committees of creditors on major corporate insolvency resolution processes.
  • Band 2Anoop Rawat
    Band 2Anoop Rawat

    Anoop Rawat

    Anoop Rawat is a partner in Delhi known for acting on behalf of resolution professionals and committees of creditors on insolvency proceedings. He advises on insolvencies across sectors including infrastructure, financial services and retail.
  • Band 2Veena Sivaramakrishnan
    Band 2Veena Sivaramakrishnan

    Veena Sivaramakrishnan

    Veena Sivaramakrishnan is based in Mumbai and is well-regarded by market sources for her banking and restructuring practice. She is well-versed in advising resolution professionals and committees of creditors on financial restructurings and insolvency processes.

    • Veena Sivaramakrishnan was quite hands on in terms of her preparedness and in meetings. She is also always willing to step up.

      Restructuring/Insolvency respondentAsia-Pacific
    • Veena is extremely adept and a go-to person from a financial services and banking law perspective, with a good commercial understanding of situations.

      Restructuring/Insolvency respondentAsia-Pacific
  • Band 4Misha
    Band 4Misha

    Misha

    Misha is notable in acting for liquidators and creditors on insolvency proceedings and resolution plans.

    • Misha is a knowledgeable lawyer.

      Restructuring/Insolvency respondentAsia-Pacific
    • Misha is extremely strong on litigation matters.

      Restructuring/Insolvency respondentAsia-Pacific

Ranked Individuals at Shardul Amarchand Mangaldas & Co (4)

India

Members

Provided by Shardul Amarchand Mangaldas & Co

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