Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Jun 27, 2025

Acted for the Resolution Professional (Pulkit Gupta and EY) in the successful resolution of Vadraj Cement Limited.

AZB & Partners acted for the Resolution Professional (Pulkit Gupta and EY) in the successful resolution of Vadraj Cement Limited, a company which was languishing with the official liquidator (under the old winding up regime) for more than 6 years, before the High Court transferred it to the NCLT, Mumbai to be resolved under the IBC. The CIRP commenced on February 02, 2024, the NCLT approved the resolution plan on April 01, 2025. The plan stood fully implemented last weekend, with Nuvoco Vistas Corporation Limited (Nirma group) acquiring the company and resolving more than INR 9,600 crores of debt, making it one of the largest resolutions in the cement sector under IBC.

Our AZB team comprised of Partner Suharsh Sinha, Partner Amrita Sinha, Senior Associate Kushagra Pandey, and Associates Rahul Thomas, Idhika Agarwal and Rashi Priya – with support on all on-going litigations in Mumbai and Delhi from our Senior Partner Anindita Roy Chowdhury, Partner Vivek Shetty, Senior Associates Aditi Bhansali, Nishant Upadhyay, Associates Akilesh Menezes, Sushrut Garg and Aditi Nazre.

The team was supported by Associates Simrann Venkkatesan, Shambhavi Shivdikar, Swagata Mukopadhyay, Vishal Choudhary, Jigme Palzer Tshering and Articled Clerk Manann Bhoota on the due diligence, by our Partner Qais Jamal and Associate Prashant Munshi on mining related aspects; by Partner Aditya Singh Chandel and Associate Akshat Jain on tax-related matters; by Partner Ajay Singh Solanki on employment-related matters.

Special thanks to our Co-Founder & Senior Partner Bahram Vakil and Senior Partner Nilang T. Desai for their tactical guidance on various issues.

 

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    DISCLAIMER

    These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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