Shardul Amarchand Mangaldas and Co. advises Resolution Professional to the Committee of Creditors of ARGL and EY

February 6, 2020

Shardul Amarchand Mangaldas & Co (SAM & Co.) advised as legal advisors to Resolution Professional of ARGL and EY in the corporate insolvency resolution process against IOPL. The unsustainable debt of the company was assignment by the financial creditors to an ARC for a purchase consideration of INR 150 Crores. The value of the deal INR 483,72,57,000 (out of which INR 200 Crores was paid upfront to the financial creditors and the balance INR 283,72,57,000 formed part of the pass-through amounts).

Anoop Rawat, Lead Partner led the SAM & Co. transaction team of corporate insolvency resolution advisory along with Saurav Panda, Principal Associate and Shreyas Gupta, Associate. Misha, Partner, Vaijayant Paliwal, Senior Associate and Charu Bansal, Associate formed part of the litigation team handling the court-process in relation to the corporate insolvency resolution process and Rohan Jain, Principal Associate and Kshitij Arora, Associate assisted in the corporate compliances pertaining to the plan implementation.

The other party to the transaction, Investment Opportunities IV Pte. Ltd., was represented by Talwar Thakore & Associates.