Renowned for its banking and finance prowess, it’s no surprise that one of Jerome Merchant + Partners’ core contentious strengths is in bankruptcy matters. The team has a deep bench of expertise and experience in the country’s insolvency laws. It works with investors and lenders in restructuring of their debt exposures, enforces their rights under the IBC, advises sponsors on actions brought against them and challenges proceedings or resolution plans that have been prejudicial to such sponsors. In addition, the team is well versed in commercial litigation matters, providing clients with pre-litigation advice, negotiation capabilities, and effective use of court and arbitral processes. The team is experienced in general corporate, joint venture, lender, labour, contractual, IT and technology disputes, among others.
The main contacts for disputes matters are Murtaza Somjee, Kalpana Merchant, Rhia Marshall, Palash Gupta and Yashvardhan Roy.
In a typical instruction for the team, it successfully defended Jet Skyesports Gaming Private against proceedings initiated by Stoughton Street Tech Labs. The plaintiff was seeking interim reliefs for alleged non-performance of exclusivity provisions in relation to an online gaming platform. In another matter, the firm is representing Millenna FVCI in litigation strategies for a shareholder dispute against Mitsui & Co. The team is also assisting KKR in a restructuring and recovery litigation against Willamson Magor Group. Finally, it continues to act for plaintiff Deutsche Bank, in relation to defaults under a credit facility made by it to Uttam Galva, a listed Indian entity.
The group’s active insolvency clients include Horse Shoe Capital, India Infoline, Kirloskar Group, SSG Capital, Tata Motors and Videocon Group.
