“A recent amendment to India’s bankruptcy law has helped billionaire Mukesh Ambani’s Reliance Industries Ltd win approval from a lenders panel on a ₹5,050-crore resolution plan it had submitted jointly with JM Financial Asset Reconstruction Co Ltd for the debt-laden textile company Alok Industries Ltd,” reported Hindu Business Line about the insolvency deal.

AZB & Partners advised Reliance Industries Limited RIL and JM Financial Asset Reconstruction Company led by a team of partners Ashwath Rau, Suharsh Sinha and Atreya Bhattacharya, and senior associates Shriyani Datta.

2018-06-20

Deal value: Not disclosed

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