India

Chandhiok & Mahajan have offices in New Delhi, Bangalore, Hyderabad and Mumbai. The firm is recognised for its corporate and M&A and restructuring and insolvency work. Pooja Mahajan serves as managing partner of the firm.   

The firm represents clients such as government entities, domestic and foreign corporates, insolvency professionals and promoter groups across a range of matters including mergers, acquisitions, joint ventures, restructurings, and insolvencies. Sectors of interest include industrials and manufacturing, technology, pharmaceuticals and energy. 

Highlights  

Recent examples of the firm’s deal work include advising KTC Ferro Alloys on its sale on an industrial land parcel measuring 10 acres (approx.) to Vesuvius India, an Indian listed entity. The transaction was structured in a unique manner as it involved several intricacies. 

In the area of restructuring and insolvency, the firm provided comprehensive legal support services, both advisory and litigation, to the financial creditor, Asset Care Reconstruction Enterprise Limited, throughout the Corporate Insolvency Resolution Process of the debtor company, ICTL, which resulted in the approval of a resolution/ restructuring plan for ICTL. This case is significant as it is one of the few in which the nature of compulsorily convertible debenture (CCD) was examined in detail to determine whether it constitutes a ‘financial debt’ under the Indian insolvency laws. 

Key clients  

Phasorz Technologies, Refex Group, Sarda Energy & Minerals, Brij Financing, Pristine Logistics, TD Synnex, Indorama Group, Susquehanna International Group (SIG), KTC Korea, Radiohead Brands 

Testimonials    

Restructuring and insolvency 

“The knowledge, dedication and expertise.”