Shardul Amarchand Mangaldas & Co, AZB & Partners, and Khaitan & Co have acted on the successful implementation of a ₹1,800 crore resolution plan in the Corporate Insolvency Resolution Process of Vadraj Cement Limited.
The resolution applicant, Nuvoco Vistas Corporation Limited, a part of the Nirma Group—undertook the acquisition through its wholly owned subsidiary Vanya Corporation Limited.
SAM advised the Committee of Creditors, led by Punjab National Bank, on this this CIRP.
The transaction team was led by Soummo Biswas (Partner), Parth Gokhale (Partner), Yugal Jain (Principal Associate), Ritika Sharma (Associate) and Amandeep Saini (Associate).
AZB & Partners advised the Resolution Professional, Pulkit…