Shardul Amarchand Mangaldas advised Mr. Pankaj Dhanuka, Resolution professional and subsequently the liquidator of Maadurga Thermal Power Company Limited in relation to the corporate insolvency resolution process and the liquidation process of the company, including in advising on the sale of the company as going concern in liquidation. The aggregate debt amount was approximately INR… Read More +

Shardul Amarchand Mangaldas advised the committee of creditors and the implementation and monitoring committee of Amtek Auto Limited, appointed pursuant to the approved resolution plan submitted by Deccan Value Investors L.P and DVI PE (Mauritius) Limited. The date of closing the deal was 8 December, 2021. The aggregate debt amount was approximately INR 12,604.60 crore… Read More +

Shardul Amarchand Mangaldas advised the committee of creditors and the monitoring committee of Jhabua Power Limited, formed pursuant to the approved resolution plan. The date of closing the deal was 05 September, 2022. The aggregate debt amount due to financial creditors was approximately INR 5,066.90 crore and resolution amount was approximately INR 1,850 crore.  … Read More +

Shardul Amarchand Mangaldas advised Norwest Capital, LLC (“Norwest”), Celebal Technologies Private Limited (“Celebal”) and its Promoters (Mr. Anirudh Kala and Mr. Anupam Gupta) in relation to Norwest’s USD 32 million investment in Celebal, comprising: (a) primary investment towards subscription to Series A compulsorily convertible preference shares, and (b) secondary investment towards acquisition of equity shares… Read More +