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Overview

Mukesh Chand currently serves as Senior Counsel at Economic Laws Practice (ELP). A senior banking and insolvency law expert with over 32 years of experience across the legal and banking areas, Mukesh has handled some of the biggest and most complicated cases under IBC and personal insolvency in India. Prior to ELP, he served with the Stressed Assets Resolution Group of State Bank of India, where he has spearheaded legal strategies in handling IBC matters and has also made several representations before Parliamentary Committees/and Courts on important issues. Mukesh was also instrumental in devising Guidelines and Manuals for State Bank SARG, teams.

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

A senior banking and insolvency law expert with over 32 years of experience across the legal and banking areas, Mukesh has handled some of the biggest and most complicated cases under IBC and personal insolvency in India. Prior to ELP, he served with the Stressed Assets Resolution Group of State Bank of India, where he has spearheaded legal strategies in handling IBC matters and has also made several representations before Parliamentary Committees/and Courts on important issues. Mukesh was also instrumental in devising Guidelines and Manuals for State Bank SARG, teams.

Prior to working with the State Bank of India, he was part of SIDBI’s legal team. 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. He was also part of team for setting up of subsidiaries of SIDBI including Mudra Bank, RXIL and has also worked on policies/ legal documents and rules of RXIL for online discounting of receivables.

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.

A thought leader in the area of IBC, Mukesh regularly authors articles on the topic for various publications.

Thought Leadership

Newsletter/Booklets 23rd Jul 2024

Budget Buzz – Budget Proposals on IBC

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Alerts & Updates 19th Jul 2024

Analysis of NCLAT Judgment: Avil Menezes Liquidator of Sunil Hitech and Engineers Ltd. Vs. Principal Chief Commissioner of Income Tax, Mumbai

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News & Media 18th Jul 2024

Byju’s may challenge NCLT’s insolvency proceedings order against its parent

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Alerts & Updates 17th Jul 2024

RBI Revised Master Directions on Fraud Risk Management: July 2024

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News & Media 6th Jul 2024

Union Budget 2024: Increase no. of NCLT benches to make IBC more effective, lawyers tell govt

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News & Media 24th Jun 2024

Insolvency and Bankruptcy Board clampdown on personal guarantors in bid to bolster creditor rights

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News & Media 18th Jun 2024

Revamping IBBI Forms Aim to Streamline Compliance, But Effective Data Utilisation Challenge Remains: Experts

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News & Media 12th Jun 2024

IBBI proposes reducing compliance burden, simplifying forms for RPs

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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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