Restructuring/Insolvency | Asia-Pacific

AZB & Partners houses a top-tier legal practice in India, especially noted for its strong regulatory knowledge relating to the Insolvency and Bankruptcy Code (IBC). The firm possesses extensive experience in landmark IBC cases, frequently acting for resolution professionals on major restructurings, as well as the bidders on stressed asset deals. Its team also offers experience acting for creditors on restructurings and advising foreign distressed asset funds on debt acquisitions. Its clients include major Indian conglomerates, international accounting firms and major domestic banks, among others, including the Reserve Bank of India and Varde Partners.

Cyril Amarchand Mangaldas is widely regarded as housing a premier restructuring and insolvency team, and is consistently mandated on India's most high-profile matters in this area. Its team is especially active for committees of creditors and resolution professionals on corporate insolvency resolution processes, advising on the implementation of resolution plans as well as litigation. The team also offers experience acting for bidders on insolvency-related transactions. The firm handles matters across various sectors, from banking and finance to telecoms and infrastructure.

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. Edelweiss Asset Reconstruction Company, ICICI Bank and Yes Bank are among its clients.

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. The firm counts Standard Chartered Bank and India Infrastructure Finance Company among its clientele.

Khaitan & Co's respected team of lawyers advises a range of players on insolvency matters in India, including resolution applicants, creditors and debtors. Its restructuring and insolvency team often advises on stressed asset acquisitions, as well as assisting debtors and lenders with debt restructuring. The team represents many of India's leading corporates, including those in the finance, real estate and energy sectors.

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. Adani Power, Bank of India and JSW Steel are among its clients.

Trilegal's restructuring legal team in India frequently advises banks and funds on distressed debt transactions and the formulation of resolution plans, as well as acting for resolution professionals. The team also represents clients in disputes relating to insolvency resolution processes. Trilegal handles matters in a variety of sectors, from steel and power to telecommunications and infrastructure. Clients represented by the team include Varde Partners, Piramal Enterprises and Vedanta.

Argus Partners has a well-regarded insolvency law practice in India that handles both transactional and contentious matters. The firm advises resolution professionals, liquidators and consortiums of lenders on resolution plans and insolvency processes. Argus Partners is instructed on mandates in the energy, steel, finance and manufacturing industries. Clients include Assets Care & Reconstruction Enterprise, Tata Steel and HDFC Bank.

Link Legal India Law Services' restructuring and insolvency team has notable expertise acting for resolution professionals and resolution applicants, as well as creditors and liquidators. The team is particularly active on mandates in the power and infrastructure sectors, as well as transportation. The firm often handles proceedings before the NCLT. Its clients include State Bank of India and Grant Thornton.

DSK Legal has a robust restructuring law practice in India, often acting for resolution professionals and liquidators and representing clients before the NCLT. Its restructuring team also advises on the drafting of resolution plans for distressed companies. The team is well versed in initiating insolvency proceedings on behalf of public banking institutions. The firm handles mandates relating to a range of industries, with particular expertise in infrastructure, steel and energy. Its clients include Imagicaaworld Entertainment, Chettinad Group and ArcelorMittal India.

Luthra and Luthra Law Offices India is well placed to handle restructuring and insolvency matters, often acting for resolution professionals as well as bidders on distressed asset transactions. The firm also offers experience acting for asset reconstruction companies and regularly assists with the drafting and implementation of resolution plans. Its team handles significant mandates in sectors such as steel, construction, shipping and power. Clients include Jindal Steel & Power and Indian Renewable Energy Development Agency.

Chandhiok & Mahajan is well regarded for the strength of its insolvency law practice in India. The team is well versed in handling insolvency processes for resolution professionals and applicants in a range of sectors. The lawyers have further capabilities in representing clients in the NCLT, as well as in arbitration.