AZB & Partners represented the RBI appointed Administrator of SREI Infrastructure Finance Limited & SREI Equipment Finance Limited

AZB & Partners represented the RBI appointed Administrator of SREI Infrastructure Finance Limited & SREI Equipment Finance Limited (SREI Group) in the SREI Group’s successful takeover by National Asset Reconstruction Company Limited (NARCL) under the provisions of the Insolvency and Bankruptcy Code, 2016, thereby resolving approximately INR 32,700 crores of bad debt. Our Mumbai transaction team, was led by our Co-Founder & Senior Partner Bahram Vakil, included our Senior Partner Nilang T. Desai, Partners Suharsh Sinha, Avinash Subramanian and Saloni Thakkar. They were supported by Senior Associates Urmika Tripathi, Kushagra Pandey and Reuben Mascreen, Associates Jay Kothari, Aditya M. Mukherjee, Simrann Venkkatesan, Rahul Thomas, Shambhavi Shivdikar, Jay Singhee, Aditya Bhadra Ray, Anirudhan Balajee, Idhika Agarwal and Sadat Moin Sanjari. Our Partner Qais Jamal along with Associates Prashant Munshi and Yash Chhadva assisted in structuring and negotiating the closing documents. Our Mumbai litigation team was led by our Partner Vivek Shetty. He was supported by Senior Associates Nishant Upadhyay and Aditi Bhansali, Associates Akilesh Menezes, Dhaval Vora, Prince Todi, Mehul Bachhawat and Vasudha Jain. Our Delhi litigation team comprised of our Senior Partners Vijayendra Pratap Singh, Anindita Roy Chowdhury, Partner Vatsala Rai, Counsel Sayobani Basu, Senior Associate Raghav Seth and Associate Bharat Makkar. https://lnkd.in/dZ3F2EQ4