Shardul Amarchand Mangaldas Advised CoCs Of Arshiya Group In Landmark NCLAT-Approved Multi-CIRP Asset Sale

Shardul Amarchand Mangaldas Advised CoCs of Arshiya Group in Landmark NCLAT-Approved Multi-CIRP Asset Sale

The leading law firm in India, Shardul Amarchand Mangaldas, advised the Committees of Creditors (“CoCs”) of Arshiya Limited (“AL”), NCR Rail Infrastructure Limited (“NCR Rail”), and Arshiya Northern FTWZ Limited (“ANFL”) in the Corporate Insolvency Resolution Processes of the Arshiya Group.

The transaction involved the sale of key non-core, encumbered land parcels of AL at Khurja, Uttar Pradesh, to the successful resolution applicants of ANFL and NCR Rail.

The sale was instrumental in ensuring operational continuity, regulatory viability, and value maximisation across the interlinked assets of the Arshiya Group, marking a significant development in India’s insolvency and restructuring landscape.

The Shardul Amarchand Mangaldas Insolvency and Restructuring team was led by Misha (Partner) and Soummo Biswas (Partner), with support from Mahima Sareen (Principal Associate), Yugal Jain (Principal Associate), Abhilash Chaudhary (Principal Associate), Amandeep Saini (Associate), and Sanyukta Fauzdar (Associate).

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