DEAL DETAILS
Reliance Industries Limited | Sintex Resolution Plan
Khaitan & Co acted as legal counsel for Reliance Industries Limited and Assets Care & Reconstruction Enterprise Limited (“Resolution Applicants”) in relation to submission of Resolution Plan for Sintex Industries Limited, which was undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. The resolution plan involved payment of approximately INR 3,600 crores to the creditors of Sintex Industries Limited along with delisting of its equity shares and FCCBs. The primary role of the firm involved drafting and finalisation of the Resolution Plan, negotiation with the resolution professional and committee of creditors, attending proceedings before the NCLT on behalf of the Resolution Applicants and implementation of the Resolution Plan.
The core team consisted of Kumar Saurabh Singh (Partner), Rahul Chakraborti (Partner), Vishnu Shriram (Principal Associate), Savni Tewari (Principal Associate), Ashwij Ramaiah (Principal Associate), Pratiksha Agrawal (Senior Associate), Prashamsha Tulachan (Associate) and Rohitesh Tak (Associate) with assistance from the following:
Due diligence and implementation related aspects: Bhavik Narsana (Partner), Rahul Dutt (Partner), Kingshuk Banerjee (Partner), Ahana Sinha (Partner), Deepak Kumar (Partner), Nayantara Kutty (Partner), Hetal Thakkar (Counsel), Jessica Gandhi (Principal Associate), Shayan Dasgupta (Senior Associate), Deeksha Malik (Senior Associate), Saumya Agarwal (Associate), Hansaja Pandya (Associate), Kritika Parakh (Associate), Nidhi Kulkarni (Associate) and Akash Mukherjee (Associate)
Competition law related aspects: Anisha Chand (Partner), Soham Banerjee (Principal Associate) and Yatharth V Singh (Associate)
Real Estate related aspects: Devendra Deshmukh (Partner) and Rishabh Vora (Principal Associate)
Delisting related aspects: Sudhir Bassi (Executive Director) and Vaibhav Mittal (Partner)
Intellectual Property related aspects: Nishad Nadkarni (Partner), Reshma Gupte (Principal Associate) and Udita Kanwar (Senior Associate)