Dhaval Vussonji & Associates passed its 10th anniversary last year. It is recognised in the market for its strong real estate practice. The firm has more than 60 lawyers in Mumbai, Bengaluru and Delhi. Four of its six partners are real estate specialists, with managing partner Dhaval Vussonji also being a chartered accountant. The disputes practice services domestic and international conglomerates, as well as high-net-worth individuals at all levels of court. In addition to Vussonji, the key contacts for disputes are co-managing partner Prachi Dave and Sonam Mhatre.
The team acted for the operational creditors of Binani Cement in a case that laid a legal precedent for the protection of rights of operational creditors during a resolution under the IBC in India. The team was equally instrumental for Honest Shelters in a long-running real estate dispute relating to a project known as “Palais Royale” in Mumbai. The legal issues involved in the case include whether temporary structures on common access forming part of the property were in a dilapidated state, whether the client was entitled to seek demolition of those structures, and whether ordering demolition would mean dealing with assets of a corporate debtor undergoing a corporate insolvency resolution process. The case also involved determining the jurisdiction of the Bombay High Court or the National Company Law Tribunal in deciding the issue.
