Indranil Deshmukh

Practice Areas

Indranil Deshmukh

Partner (Head-Disputes)

Indranil Deshmukh has extensive experience across various sectors including construction, sports, manufacturing, securities and financial regulation, health, local government, planning and environment, and public sector projects. Indranil regularly advises company boards on strategic issues relating to legal compliance and corporate governance.

Indranil has been involved in numerous high-profile and precedent-setting litigations and investigations.

Indranil has significant experience in cross-border and domestic shareholder disputes, including those involving oppression and mismanagement, and arbitrations across various sectors. He is actively involved in various writ petitions and public interest litigations related to tenders for public procurement and construction/infrastructure projects before the Supreme Court and various High Courts. Additionally, he regularly advises both Indian and multinational clients in connection with regulatory investigations and disputes arising from securities, foreign exchange, and development control.

Relevant Experience (illustrative):

• Acting for multinational companies in multiple high value and complex arbitrations and award enforcements in infrastructure, oil and gas and power sector.

• Represented a Mauritius-based fund in a Singapore-seated SIAC arbitration against an Indian promoter regarding the wrongful termination of an agreement for the acquisition of a road asset in India.

• Handling high-profile securities disputes in India with proceedings before SEBI, the Supreme Court, and various High Courts.

• Acting for an Indian power generating company before the Supreme Court, resisting recognition and enforcement of a foreign arbitral award passed in Singapore.

• Involved in cross-border and domestic shareholder disputes, including those involving oppression and mismanagement and arbitrations across various sectors.

• Acting in various writ petitions and public interest litigations related to tenders for public procurement and construction/infrastructure projects before the Supreme Court and various High Courts.

• Advising Indian and multinational clients in connection with regulatory investigations and disputes arising from securities, foreign exchange, and development control.

Professional Memberships

Bar Council of Maharashtra & Goa, India

Publications

• Revised threshold of Rs. 1000 Crore for ‘material’ RPTs under LODR – Does it pass the Article 14 test?- https://corporate.cyrilamarchandblogs.com/2022/04/revised-threshold-of-rs-1000-crore-for-material-rpts-under-lodr-does-it-pass-the-article-14-test/#:~:text=Article%2014%20Test%3F-,Revised,-threshold%20of%20Rs April 7, 2022

• CASH ONLY’ to dissenting financial creditors – Supreme Court in Jaypee- https://corporate.cyrilamarchandblogs.com/2021/04/cash-only-to-dissenting-financial-creditors-supreme-court-in-jaypee/ April 19, 2021

• Avitel v. HSBC – Finality on the Question of Arbitrability when Allegations of Fraud are Raised SMM- https://corporate.cyrilamarchandblogs.com/2020/08/avitel-v-hsbc-finality-on-the-question-of-arbitrability-when-allegations-of-fraud-are-raised-smm/ August 28, 2020

• Supreme Court to have its say on legality of Fantasy Sports- https://corporate.cyrilamarchandblogs.com/2020/05/supreme-court-to-have-its-say-on-legality-of-fantasy-sports/ May 21, 2020

• The Pursuit of Enforcement – Can the Corporate Cloaks be Unravelled?- https://corporate.cyrilamarchandblogs.com/2020/05/pursuit-of-enforcement-can-the-corporate-cloaks-be-unravelled/ May 19, 2020

• Summary Judgment under the Commercial Courts Act, 2015 – An Underutilized Tool in Contractual Disputes- https://corporate.cyrilamarchandblogs.com/2020/05/summary-judgment-under-the-commercial-courts-act-2015-an-underutilized-tool-in-contractual-disputes/ May 18, 2020

• Good Faith Negotiations and Mediation: A Missed Opportunity So Far https://corporate.cyrilamarchandblogs.com/2019/11/good-faith-negotiations-mediation-missed-opportunity-so-far/ November 28, 2019

• Put-option Holders: Financial Creditors Under the IBC?- https://corporate.cyrilamarchandblogs.com/2019/11/put-option-holders-financial-creditors-under-the-ibc/ November 14, 2019

• Put option Holders: Financial Creditors under the IBC? – Part 2- https://corporate.cyrilamarchandblogs.com/2020/04/put-option-holders-financial-creditors-under-the-ibc-part-2/ November 14, 2019

• Takeover Rules for Unlisted Companies: Minority Squeeze Outs Under Section 230(11) of the Companies Act, 2013- https://corporate.cyrilamarchandblogs.com/2020/03/takeover-rules-for-unlisted-companies-minority-squeeze-outs-under-section-23011-of-the-companies-act-20 March 31, 2020

• Arbitrator Fees in India: In a Fix?- https://corporate.cyrilamarchandblogs.com/2019/10/arbitrator-fees-in-india/ October 1, 2019

• Specific Relief (Amendment) Act, 2018: Prospective or Retrospective?- https://corporate.cyrilamarchandblogs.com/2018/09/specific-relief-amendment-act-2018-prospective-retrospective/ September 12, 2018

• Fugitive Economic Offenders Ordinance, 2018: Impact on Creditor Rights- https://corporate.cyrilamarchandblogs.com/2018/08/fugitive-economic-offenders-ordinance-2018-impact-creditor-rights/ August 1, 2018

• Innoventive Industries Limited v. ICICI Bank Limited: Paradigm Shift in Insolvency Law in India- https://corporate.cyrilamarchandblogs.com/2017/09/innoventive-industries-limited-v-icici-bank-limited-paradigm-shift-insolvency-law-india/ September 1, 2017

• NCLAT Defines the Scope and Extent of the Corporate Debtor’s Right to Contest Admission of Insolvency Applications Filed by Financial Creditors- https://corporate.cyrilamarchandblogs.com/2017/05/nclat-defines-scope-extent-corporate-debtors-right-contest-admission-insolvency-applications-filed-financial-creditors/ May 22, 2017

• Exclusion of Time Spent in Pre-arbitration Negotiations/Settlement Discussions: A Much Needed Carve Out- https://corporate.cyrilamarchandblogs.com/2019/12/exclusion-time-spent-prearbitration-negotiations-settlement-discussions/ December 10, 2019

• Supreme Court’s judgment in Vijay Karia v. Prysmian Cavi e Sistemi S.r.l.: Impact on challenges to awards passed in International Commercial Arbitrations conducted in India- https://corporate.cyrilamarchandblogs.com/2020/06/impact-on-challenges-to-awards-passed-in-international-commercial-arbitrations/ June 23, 2020