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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

News & Media 19th Feb 2025

RBI halts New India Co-op Bank operations: How to secure your savings

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Newsletter/Booklets 1st Feb 2025

Budget Buzz – Budget Proposals in Banking & Financial Sector

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Newsletter/Booklets 1st Feb 2025

Budget Buzz – Budget Proposals on IBC

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News & Media 31st Jan 2025

What now for Byju’s? Insolvency process faces fresh hurdles after NCLT order

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Alerts & Updates 2nd Jan 2025

Balancing Regulation and Accessibility: Addressing Unregulated Lending in India with a Comprehensive Approach

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News & Media 6th Dec 2024

How the amended Banking Laws impact you

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Alerts & Updates 3rd Dec 2024

Analysis of RBI Norms on KYC, Data Privacy, and Confidentiality Obligations in Banking

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News & Media 22nd Nov 2024

Creditor Paybacks: The Case for Compulsory Monitoring Committees Under Insolvency

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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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