29 Mar 2023
DEAL: Trilegal advised the Committee of Creditors of South East UP Power Transmission Company in the corporate insolvency resolution process
07 Jul 2022
07 Jul 2022
Trilegal acted on behalf of the Committee of Creditors (CoC) of South East UP Power Transmission Company Limited (Corporate Debtor). The CoC constituted in the corporate insolvency resolution process (CIRP) as per the terms of the Insolvency and Bankruptcy Code, 2016 (IBC), comprises major public sector financial institutions and banks (namely – Power Finance Corporation Limited, REC Limited, Bank of India, and Axis Bank). Resurgent Power Power Ventures Pte Ltd was selected as the successful bidder with a total bid value of more than INR 3200 crores.
Trilegal advised the members of CoC at various stages of the transaction, including steps to be undertaken at various stages of the CIRP and reviewing resolution plans submitted in the Corporate Debtor’s CIRP. Trilegal also negotiated on behalf of the CoC with all the resolution applicants who submitted their resolution plans in the CIRP.
The Trilegal team was led by Partner Ramakant Rai. Other attorneys who assisted the deal were Romit Dey and Shradha Sachdev, Counsels; and Ravin Kapur, Senior Associate.
Media Coverage:
For more information, please contact:
Sahil Wason | Mob: +91-8928008122 | BD@trilegal.com
Key Considerations to Interpret the Supreme Court Judgment on the Eligibility of the Input Tax Credit
29 Mar 2023
Podcast: Perspectives on whether there is a need for the Digital Competition Act and an ex-ante approach to regulating the digital economy
29 Mar 2023
Trilegal re-inducts Akshay Jaitly to the partnership
27 Mar 2023This page contains general information regarding Trilegal and is not intended as a solicitation or an advertisement of its services or any invitation or inducement of any sort. Nothing contained in this website constitutes legal advice or creation of a lawyer-client relationship. If you have any issues, you must seek legal advice. Trilegal is not liable for the consequences of any action taken by relying on the material/information provided on this website. For more information, please read our terms of use and our privacy policy.
