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Overview

Mukesh Chand serves as a Senior Counsel at Economic Laws Practice (ELP). With over 32 years of experience across the legal and banking areas, Mukesh Chand is a leading expert in banking, finance, restructuring, and insolvency law, renowned for his adept handling of complex insolvency cases and deep understanding of financial regulations in India. His practice spans comprehensive services, including advising on banking and finance matters, insolvency proceedings, and both creditors and debtors in high-profile insolvency cases, as well as managing complex resolution plans. His contributions are vital in shaping effective legal strategies and ensuring successful outcomes in complex financial matters.

Mukesh Chand serves as a Senior Counsel at Economic Laws Practice (ELP).

With over 32 years of experience across the legal and banking areas, Mukesh Chand is a leading expert in banking, finance, restructuring, and insolvency law, renowned for his adept handling of complex insolvency cases and deep understanding of financial regulations in India. His practice spans comprehensive services, including advising on banking and finance matters, insolvency proceedings, and both creditors and debtors in high-profile insolvency cases, as well as managing complex resolution plans. His contributions are vital in shaping effective legal strategies and ensuring successful outcomes in complex financial matters.

His thought leadership is demonstrated through his numerous influential articles and expert commentary on key developments in insolvency, banking, and finance. His writings cover a wide range of topics, including corporate insolvency resolution processes, personal insolvency, and the regulatory environment surrounding banking and finance in India. His insights have been featured in prestigious platforms with regular updates and thought leadership pieces on the evolving dynamics of insolvency law and financial restructuring.

Mukesh has earlier served with State Bank of India (SBI) and SIDBI. He has been instrumental in notable projects such as the establishment of the Receivable Exchange of India Ltd (RXIL) at SIDBI, which enhanced liquidity for MSMEs, and developing legal strategies for large-scale insolvency cases with the Stressed Assets Resolution Group at SBI. At SIDBI he was involved with setting up and operationalizing India’s first Receivable Exchange, TReDs of Receivable Exchange of India Ltd (a joint venture of NSE and SIDBI) right from the stage of conceptualization to putting in place operational mechanisms and guidelines.

Additionally, he has contributed to the development of policies, manuals, and guides for handling cases under the IBC. His active participation in prestigious organizations like INSOL International and the Institute of Directors, Chartered Institute of Arbitrators, London, underscores his commitment to driving excellence and shaping the future of banking and insolvency law.

He has been recognized as Recommended Lawyer for his expertise in Restructuring & Insolvency.

During the course of his career, Mukesh has been a member on various committees (of the organizations he has worked with) including the Credit, Risk/ Restructuring, FATCA, NPA,  Vigilance and Product Innovation Committees.

Thought Leadership

Alerts & Updates 15th Sep 2025

The Need for Consistency: Why Banks Must Respect the Banking Principles to Retain Judicial Confidence

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Alerts & Updates 27th Aug 2025

Criminal Liability in Commercial Transactions under Section 405 IPC

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Alerts & Updates 14th Aug 2025

Targeted Reforms under the IBC (Amendment) Bill, 2025: Addressing Priority Disputes, Moratorium Misuse, and Procedural Inefficiencies

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News & Media 14th Aug 2025

IBC Amendment 2025: Faster resolutions or more roadblocks?

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News & Media 13th Aug 2025

Nominee, survivorship clause can ease heirs’ bank account, locker claims

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News & Media 13th Aug 2025

FM Sitharaman tables IBC Amendment Bill, cross‑border and group insolvency frameworks introduced

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Alerts & Updates 12th Aug 2025

Settlement of amount of the Deceased Accounts – From Pain Point to Process Reform

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Alerts & Updates 7th Aug 2025

Recharacterization of Debt under IBC: Party Autonomy vs. Regulatory Safeguards in the Context of Financial vs. Operational Debt

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Recent Matters

Acted for the Resolution Professional of Premier Limited. Premier is on both National Stock Exchange (NSE) and Bombay Stock Exchange...
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Acted for the Resolution Professional of Premier Limited. Premier is on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and is also India’s first indigenous automobile manufacturing company. Premier Limited, is presently undergoing Corporate Insolvency Resolution Process (“CIRP”) under the provisions Insolvency and Bankruptcy Code 2016. 

Acting for Union Bank of India   before the National Company Law Appellate Tribunal against Supreme Manor Wada Bhiwandi Infrastructure Private...
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Acting for Union Bank of India   before the National Company Law Appellate Tribunal against Supreme Manor Wada Bhiwandi Infrastructure Private Limited which is Special Purpose Vehicle promoted by Supreme Infrastructure India Limited.   

Successfully advised the Client on the Resolution Plan of approximately 60 Million USD by Metro Reality Group for acquisition of...
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Successfully advised the Client on the Resolution Plan of approximately 60 Million USD by Metro Reality Group for acquisition of S K Elite Industries Limited under the Insolvency and Bankruptcy Code, 2016. Challenge to the process was also rejected by the Hon’ble Supreme Court of India.  

Advising and representing a power company in Section 7 application filed against it by a foreign Bank under the Insolvency...
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Advising and representing a power company in Section 7 application filed against it by a foreign Bank under the Insolvency and Bankruptcy Code, 2016. 

Successfully advised a client in pharma sector on the implementation of the resolution plan of approximately 16.97 million for takeover...
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Successfully advised a client in pharma sector on the implementation of the resolution plan of approximately 16.97 million for takeover of an existing pharmaceutical unit which was undergoing insolvency process under the supervision of the Insolvency Court in India. 

Advising TMFSL as well as Tata Hitachi Construction Machinery Company Private Limited (a Joint Venture, constituted by and between Tata...
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Advising TMFSL as well as Tata Hitachi Construction Machinery Company Private Limited (a Joint Venture, constituted by and between Tata Motors Limited and Hitachi Construction Machinery Co. Ltd., Japan) for initiation of the Corporate Insolvency Process (under section 7 of the IBC) against its debtor in respect of debt of app. USD 26 million, before the NCLT, Kolkata Bench. 
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Recognitions

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