DSK advises Dighi Port on successful insolvency resolution

0
274
DSK advises Dighi Port on successful insolvency resolution

DSK Legal advised the resolution professional of Dighi Port on its corporate insolvency resolution process, a result of which was the port’s acquisition by Adani Ports and Special Economic Zone for ₹7.05 billion (US$97.3 million).

Cyril Amarchand Mangaldas advised Adani Ports and Special Economic Zone, while MV Kini & Co was legal counsel to the committee of creditors.

The corporate insolvency resolution process of Dighi Port began in March 2018, and Adani Ports and Special Economic Zone completed the acquisition on 15 February. Dighi Port is the 12th port to be acquired by the company.

The DSK team representing the resolution professional and the implementation of the approved resolution plan comprised partner Ajay Shaw, associate partner Ashish Pahariya, senior associate Soham Mookherjee and associate Kevin Joseph (corporate advisory); partner Nirav Shah, senior associate Viraj Gami and associate Ryan D’souza (National Company Law Tribunal); and partner Niraj Kumar, principal associate Shashank Agarwal and senior associate Satendra Rai (National Company Law Appellate Tribunal).