Dhir & Dhir Associates

India

Review

Dispute resolution

Full-service law firm Dhir & Dhir Associates is famed for its market-leading insolvency practice and it has an active dispute resolution group. Its core dispute specialties, in addition to insolvency, are commercial, construction and government and regulatory. The firm has handled more than 60% of all cases before the Board for Industrial and Financial Reconstruction and its Appellate Authority, and currently handles more than 25% of total non-performing assets in India. A review of the firm’s regulatory highlights demonstrates it has been very active for the Telecommunications Regulatory Authority of India last year, appearing on behalf of the regulator in multiple cases. The firm has five offices across the country – Delhi, Mumbai, Hyderabad, Pune and Bengaluru – and a representative office in Japan. 

Managing partners Alok Dhir and Maneesha Dhir head a team of partners that lead the disputes offering. These include Sachin Gupta, Jayashree Shukla Dasgupta, Varsha Banerjee and Purusharth Singh.

The firm continues to represent Jindal India Thermal Power, developers of thermal power plants for generation and supply of electricity in the country, in its ongoing restructuring proposal. It is defending the Telecom Regulatory Authority of India in the appeals of Aircel and Dishnet Wireless before the National Company Law Appellate Tribunal. The telecoms regulator routinely instructs the team for its contentious matters.

The firm’s dominance in insolvency and restructuring is evidenced by its heavy caseload acting for various parties before the National Company Law Tribunal with their resolution plans. For example, it has been instructed by the promoter group and ex-directors of an India-based paper manufacturer, a domestic irrigation company, and a local real estate and infrastructure group in this type of work.

Partner Purusharth Singh is experienced in contentious projects matters. She joined the firm mid-2021 from Suzlon Group of Companies.

A sample of the firm’s key clients includes Avantha Holdings, Binani Industries, Essar Steel India, IDBI Bank, Jaypee Infratech, Jindal Steel & Power, Moser Baer India, Punjab National Bank, Metalyst Forgings, Soma Enterprise, Rural Electrification Corporation and Trident Infrahomes. Recent panel wins for the team include the State Bank of India, India Infrastructure Finance Company and National Fertilisers.