AZB & Partners boasts a longstanding reputation in the Indian market for its restructuring and insolvency expertise. The group routinely represents creditors, liquidators, and businesses in high-value mandates, both domestically and internationally. Its robust offering encompasses insolvency resolution processes, related litigation, and acquisitions, as well as corporate agreements, reallocations of resolution plan proceeds, and transaction structuring, among other matters. At the helm of the practice is Bahram Vakil, who predominantly advises multinational banks on acquisitions under the IBC, restructurings and bidding processes, and insolvency proceedings. He is supported by structured finance and private credit authority Nilang Desai, voluntary insolvency and resolution applicant expert Hardeep Sachdeva, and Ravi Bhasin, who stands out for his distressed acquisition and debt recovery prowess. The team also benefits from the aptitude of Anindita Roychowdhury, who concentrates on disputes arising from insolvencies and liquidations. On the restructuring and structured debt issuances front, Suharsh Sinha is the name to note, while Avinash Subramanian is a key contact for structured credit issues. Other core practitioners in the department include Saloni Thakkar, Abhishek Awasthi, and Abhyudai Singh.

One of the preeminent law firms in India for restructuring and insolvency matters, Shardul Amarchand Mangaldas & Co is regularly turned to by notable banks and financial institutions, trading and finance businesses, and stressed asset funds seeking assistance with complex, high-value matters. The practice has a comprehensive offering which spans insolvency resolution processes, related disputes, and distressed acquisitions, as well as liquidations, wind downs, and debt recovery. Heading up the department in New Delhi is Shardul Shroff, who stands out for his considerable experience advising on insolvency processes, resolution plans, and insolvency proceedings before the NCLT. He is supported by insolvency resolution process expert Anoop Rawat, and disputes authority Misha, who concentrates on litigation and enforcement proceedings arising from restructuring and insolvencies. In Mumbai, Veena Sivaramakrishnan is a key contact in the group and focuses on debt and equity restructurings, wind downs, and setting up liquidity trusts. She works alongside insolvency litigation specialist Ameya Gokhale and Soummo Biswas, who regularly assists with non-stressed restructurings. Other notable practitioners in the Delhi office include Saurav Panda, Sagar Dhawan, and Vaijayant Paliwal.

Argus Partners has developed a wide-ranging restructuring and insolvency practice which is well-positioned to act in corporate insolvency resolution processes, liquidations, and restructurings, as well as debt recovery proceedings, settlements, and regulatory compliance. With considerable experience advising on the full gamut of restructuring and insolvency mandates, the group has amassed an impressive and expanding client base which consists of notable names from the banking and finance, mining and steel, and real estate sectors, to name a few. Managing partner Krishnava Dutt is a key member of the team and has expertise in distressed asset transactions, insolvency settlements, and debt restructurings. On the insolvency resolution process front, R. Sudhinder is a go-to practitioner, while Ranjit Shetty specialises in dispute resolution. The department also benefits from the aptitude of distressed transactions authority Aastha, settlement expert Adity Chaudhury, and acquisition specialist Arka Majumdar. Other core practitioners in the group include Soorjya Ganguli, Udit Mendiratta, and Pooja Chakrabarti.

Chandhiok & Mahajan, Advocates and Solicitors is well-equipped to advise on the full gamut of restructuring and insolvency mandates, including liquidations, debt restructurings, and distressed transactions, as well as corporate insolvency resolution processes, disputes, and regulatory compliance. Alongside its contentious and non-contentious capabilities, the group is highly adept at handling both domestic and cross-border matters, and has extensive experience acting before the NCLT, the NCLAT, and the Supreme Court of India. With broad expertise, the team is instructed by an expanding client roster which consists of resolution professionals, corporates, and liquidators working across an array of industry sectors, such as aviation, telecoms, and financial services. Founding partner Pooja Mahajan spearheads the department and specialises in insolvency proceedings, corporate reorganisations and restructurings, and M&A transactions. On the disputes front, Himanshu Vidhani is the main contact in the practice and regularly handles restructuring and insolvency related litigation before the NCLT. Other key practitioners include Nishant Sogani, Savar Mahajan, and Arveena Sharma.

With expertise across a wide range of restructuring and insolvency matters, Dentons Link Legal is relied upon by notable financial institutions, creditors, and resolution professionals seeking advice on high-value and high-profile issues. The group’s key services include insolvency resolution processes, liquidation proceedings, and restructurings, as well as debt reorganisations, bankruptcies, and wind-downs. Alongside its broad capabilities, the practice also offers assistance with related litigation, asset sales, and day-to-day mandates. Atul Sharma co-heads the team with Anand Srivastava, who is a go-to practitioner for share transfers in relation to resolution agreements, insolvency resolution processes, and litigation. They are supported by insolvency disputes specialist Abhishek Sharma, who has considerable experience acting before the NCLT, the NCLAT, and the Supreme Court of India in litigation and arbitration proceedings. The department also benefits from the aptitude of liquidation and debt resolution expert Namita Das, distressed sales specialist Nidhi Pathania, and stressed asset restructuring authority Y Sriniwas Arun.

The ‘superb’ restructuring and insolvency group at Khaitan & Co LLP is sought after by notable banks, corporates, and funds for its comprehensive offering, which spans insolvency resolution proceedings, liquidations, and disputes, as well as regulatory compliance, acquisitions, and resolution plans. Kumar Saurabh Singh and Rajeev Vidhani co-lead the Mumbai office alongside Nikhil Narayanan and Mehul Shah, while in Delhi, Siddharth Srivastava and Ashwin Bishnoi spearhead the practice. Riya Agicha is another key member of the team.

Saraf and Partners's restructuring and insolvency group, jointly steered by Mohit Saraf, Bikash Jhawar, and Sanjeev Kumar Sharma, encompasses the full array of transactional, contentious, and non-contentious mandates, including corporate insolvency resolution processes and resolution plans, distressed acquisitions, and insolvency-related litigation. Alongside the practice heads, the team benefits from the aptitude of liquidation specialist Abhishek Swaroop.

Praised by clients for its ‘full range of services’ related to restructuring and insolvency, Trilegal is a popular choice for domestic and international banks, shareholders, and resolution applicants. The group’s comprehensive offering encompasses debt restructuring, distressed asset transactions, and insolvencies, as well as liquidations, disputes, and resolution plan implementations. With extensive capabilities, alongside considerable experience advising on high-value, high-profile, multi-jurisdictional matters, the team has amassed an impressive and expanding client roster comprising businesses across a variety of sectors, such as aviation, banking and finance, and mining. Heading up the practice is Yogesh Singh, who specialises in restructurings, settlements, and distressed asset transactions. He is supported by special situations authority Aniruddha Sen, insolvency resolution process expert Ramakant Rai, and restructuring specialist Kannan Rahul. The department also benefits from the aptitude of Tine Abraham, who concentrates on insolvency disputes. Other core practitioners in the group include Karishma Dodeja, Somesh Srivastava, and Siddharth Ranade, all of whom are adept at handling insolvency proceedings.

Dhir & Dhir Associates leverages the firm’s wider corporate litigation practice to assist with a variety of restructuring and insolvency mandates, including insolvency resolution processes, and liquidations, as well as disputes, debt recoveries, and regulatory compliance mandates. The team regularly advises lenders, banks, and private companies acting across a nice range of sectors, such as real estate, manufacturing, and energy. Alok Dhir, Maneesha Dhir, and Sachin Gupta co-lead the department alongside Varsha Banerjee and Karan Batura, all of whom bring a wealth of expertise to the group. A. Dhir is adept at handling corporate and financial restructurings and insolvency proceedings, while M. Dhir is noted for her aptitude for dispute resolution. Specialising in litigation is Gupta, and Banerjee stands out for her personal insolvency prowess. Batura has considerable experience representing clients before the NCLT.

Praised by clients for its ‘outcome oriented and problem-solving approach,’ the restructuring and insolvency department at DSK Legal is a good choice for shareholders, liquidators, and resolution professionals seeking assistance with domestic and cross-border mandates, including insolvency resolution processes, restructurings, and acquisitions, as well as disputes, settlements, and auction processes. Ajay Shaw co-heads the Mumbai office alongside Ashish Pahariya and Soham Mookherjee, while in New Delhi, Niraj Kumar spearheads the group with Samir Malik and Satendra Kumar Rai. Shaw is adept at handling restructuring and insolvency matters before the NCLT, while Pahariya is a go-to practitioner for liquidations. On the debt restructuring front, Mookherjee is the main contact, and on the insolvency resolution process side, Kumar is the name to note. Malik stands out for his litigation and arbitration prowess, while Rai has considerable experience advising on resolution plans.

Sought after by resolution professionals, liquidators, and creditors, CMS INDUSLAW's restructuring and insolvency team has a track record of handling a variety of high-profile and high-value mandates, both contentious and non-contentious. The group’s extensive experience spans corporate insolvency resolution processes, liquidation proceedings, and disputes, as well as recovery proceedings, restructurings, and general advisory matters. With wide-ranging capabilities, the department has a growing client roster comprising banks and financial institutions. Hyderabad’s Shabbeer Ahmed is a key member of the practice and specialises in liquidations and insolvency-related litigation. In New Delhi, Divij Kumar stands out for his expertise in shareholder disputes and resolution plans, while Aneesh V., based in Hyderabad and promoted to the partnership in April 2025, is adept at acting before the High Courts, the Debt Recovery Tribunal, and the NCLT. Bengaluru-based Palecanda M Chinnappa is another core practitioner.

JSA Advocates & Solicitors is home to a well-equipped restructuring and insolvency practice that is highly capable of advising on corporate insolvency resolution plans, related disputes, and regulatory compliance, as well as formal and informal restructurings, liquidations, and wind-downs. With considerable experience assisting on a variety of mandates, the group has amassed a strong client base which is made up of financial institutions, creditors, and resolution professionals. Anish Mashruwala co-heads the department alongside Dheeraj Nair and stands out for his expertise in debt restructuring and acquisitions, while Nair is sought after for his litigation, arbitration, and regulatory proceeding prowess, regularly representing clients before the ICC, the High Courts of India, and the SIAC. On the debt recovery and bankruptcy front, Varghese Thomas is the go-to name, while Soumitra Majumdar concentrates on insolvencies and debt restructurings. Fatema Kanchwalla is another key member of the practice.

Luthra and Luthra Law Offices India's restructuring and insolvency team is turned to by a growing client base that consists of lenders, resolution professionals, and distressed debt funds to advise on pre-IBC solutions, liquidations, and corporate insolvency resolution processes, as well as related litigation, restructurings, and general advisory matters. The group has considerable experience supporting clients with their restructuring and insolvency mandates across a wide variety of industries, including real estate, energy, and infrastructure. Nakul Sachdeva is a key contact in the department and specialises in insolvency resolutions, civil litigation, and arbitration. On the restructuring front, Girish Rawat is the go-to, while Sanjeev Kumar focuses on debt recovery. The practice also benefits from the aptitude of Anshul Sehgal, who regularly litigates before the Supreme Court of India and various High Courts.

Dua Associates's insolvency and bankruptcy group, co-led by Shishir Sharma and Angad Varma, is highly capable of advising on corporate insolvency resolution processes, restructurings, and disputes arising from liquidations and insolvencies. The team is predominantly turned to by financial creditors, resolution professionals, and distressed companies seeking representation before the NCLT, Appellate Tribunals, and the Supreme Court of India. Alongside practice heads Sharma and Varma, core practitioners in the department include insolvency disputes specialist Prashant Kumar, corporate insolvency resolution expert Toyesh Tewari, and Nikhil Mehndiratta, who focuses on litigation. All individuals mentioned are based in Gurugram.

With expertise spanning corporate insolvency resolution processes, disputes, and debt recoveries, as well as bidding processes, regulatory compliance, and advisory matters, the restructuring and bankruptcy team at Economic Laws Practice has garnered an expanding client roster, which is made up of notable corporates from the aviation, banking, and financial services sectors, alongside resolution professionals and operational creditors. The department is co-led by Dinesh Pednekar and Mukesh Chand after Shailesh Poria's departure in April 2025; Pednekar concentrates on civil and commercial litigation, while Chand specialises in insolvency proceedings, resolution plans, and insolvency disputes. On the debt recovery front, Chanakya Keswani is the key contact in the group and has a particular focus on the technology industry.

With experience representing notable banks, consultancy firms, and financial institutions, the restructuring and insolvency department at IndiaLaw LLP is a solid choice for creditors, shareholders, and resolution professionals seeking assistance with high-value mandates. The group’s key services include corporate insolvency resolution processes, liquidation and bankruptcy proceedings, and disputes, as well as enforcement proceedings, regulatory issues, and compliance. Spearheading the practice in Mumbai is managing partner Shiju PV, who is an expert regarding debt restructuring, insolvency litigation, and M&A. In Cochin, Vinod PV is the key contact and holds considerable experience advising bank and NBFCs on liquidation, personal insolvency, and bankruptcy proceedings. The team also benefits from the aptitude of Mumbai’s Abdullah Qureshi, Hyderabad-based Yash Vardhan, and Kolkata’s Tannya Baranwal.

Kochhar & Co. is home to a well-equipped restructuring and insolvency team that is highly capable of advising on debt recoveries, insolvency proceedings, and voluntary wind-ups, as well as disputes, liquidations, and restructurings. The team boasts cross-border experience and has amassed a growing client base comprising notable banks, NBFCs, and corporates. Krishna Vijay Singh heads up the practice in Gurgaon and specialises in civil litigation, arbitration, and regulatory issues. He is supported by Hyderabad’s B. Giridhar, who regularly acts before the High Courts, the Debts Recovery Tribunal, and the NCLT in restructuring and insolvency-related disputes. The team also benefits from the aptitude of Bangalore-based Meena Venugopal, who stands out for her litigation prowess, and Prathap Nagaraj, an expert in corporate restructuring.

The arrival of new practice co-head Piyush Mishra and Shivani Sinha from Luthra and Luthra Law Offices India in August 2024 has bolstered the capabilities of Phoenix Legal's restructuring and insolvency team, which is also co-led by Manjula Chawla, Saket Shukla, and Abhishek Saxena. The team has considerable experience in handling corporate insolvency resolution processes, liquidations, and restructurings, alongside disputes and distressed asset transactions. Other key practitioners include Meera Murali and Anugya Mukati.

Specialising in disputes arising from restructuring and insolvency proceedings, PSL Advocates and Solicitors has extensive experience acting before the NCLT, the NCLAT, and the Supreme Court of India. The group is turned to by notable clients from the energy, infrastructure, and real estate sectors who praise the team for its ‘rare combination of technical expertise, strategic foresight, and commercial awareness’. At the helm of the practice is Sameer Jain, who specialises in liquidation and insolvency-related litigation, fraud investigations under the IBC, and financial restructuring. The department also benefits from the aptitude of the ‘impressive’ Suvigya Awasthy, who stands out for his expertise in resolution strategies, stakeholder litigation, and distressed asset advisory. Other key practitioners include Soayib Qureshi, Aakanksha Nehra, and Vipul Jai.

Recommended for its ‘in depth knowledge’ of restructuring and insolvency matters, Samvad Partners is relied upon by notable banks, financial institutions, and resolution professionals. The team is adept at advising on corporate insolvency resolution processes, liquidations, and disputes, as well as debt restructurings, regulatory compliance, and advisory mandates. Mumbai-based Vineetha MG, noted for her ‘great understanding of the law’, co-heads the practice alongside Bangalore’s Poornima Hatti and specialises in debt restructurings, bankruptcy and recovery proceedings, and security enforcement. Hatti stands out for her insolvency prowess and regularly represents clients before the NCLT and the NCLAT. Other key members of the department include disputes experts Ankur Singh, Aakash Sherwal, and Lalit Munshi, who are based in New Delhi, Bangalore, and Mumbai respectively.

SD Partners's restructuring and insolvency department offers assistance with a variety of high-value and high-profile mandates, including insolvency resolution processes, distressed acquisitions, and disputes. With expertise in handling both contentious and non-contentious matters, the group has built a strong client roster consisting of notable financial institutions, consultancy firms, and energy businesses. Shweta Dubey spearheads the practice and specialises in corporate and personal insolvency, recovery proceedings, and resolution plans. She is supported by regulatory and compliance expert Ishita Srivastava, who regularly advises resolution professionals and liquidators. The team also benefits from the aptitude of Kanishka Prasad, who stands out for her dispute resolution prowess, frequently representing clients before the High Courts and the Supreme Court of India.