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SD Partners

Experience That Shapes Business Success

Our track record spans landmark transactions, complex restructurings, and strategic legal guidance across industries.

Trusted Counsel for Complex Transactions

Our Experience

SD Partners has advised on some of India’s most significant corporate transactions, insolvency proceedings, and high-stakes disputes — working alongside leading financial institutions, PSUs, and corporate houses.
Mergers & Acquisitions
Insolvency & Restructuring
Dispute Resolution
Competition & Antitrust
Corporate & Banking

Mergers & Acquisitions

End-to-end transaction support — from due diligence and structuring to resolution plan preparation and regulatory approvals — across energy, infrastructure, healthcare, and technology sectors.

Advised India’s largest oil and gas explorer on the acquisition of 100% equity stake in operating solar assets of a leading European energy company’s Indian subsidiary, including due diligence and transaction advisory.
Renewable Energy 100% Acquisition Cross-Border
Providing legal due diligence and transaction advisory on an ongoing strategic asset transfer in the energy sector involving a large thermal power project and an associated coal block.
Energy Asset Transfer Due Diligence
Advising on the restructuring and phased transfer of the coal mining business of NTPC Limited to its wholly owned subsidiary, NTPC Mining Limited.
PSU Restructuring Mining
Advising in relation to the development of a power project in Mauritius by an Indian PSU.
Cross-Border Power PSU
Led the legal advisory for a major Indian power company’s acquisition strategy across six CIRP transactions — including thermal power, hydroelectric, infrastructure, hill-city development, steel, and energy targets — encompassing due diligence, resolution plan preparation, negotiations, litigation support, and implementation advisory.
Distressed M&A Multi-Target Resolution Plans
Advised a leading Indian power company on the acquisition of 100% equity stake in a solar power company, including due diligence and transaction advisory.
Solar 100% Equity
Advised India’s largest oil marketing company on acquisition under IBC, including due diligence, resolution plan preparation, implementation advisory, and obtaining governmental and regulatory approvals.
IBC Oil & Gas Regulatory
Conducted due diligence for a German fuel cell technology company on acquisition of minority stake in its Indian partner, including review of transactional documents and negotiations. Continuing to provide legal support on operations, investments, and shareholder interest protection in the Indian subsidiary.
Cross-Border Minority Stake Technology
Advised on the acquisition of secured, unrated, unlisted and redeemable non-convertible debentures issued to Singapore-based credit funds, including due diligence and transaction advisory.
Debt Acquisition Cross-Border NCDs
Facilitated the sale of minority stake in a leading ophthalmic lens manufacturer, including legal advisory, negotiation support, and regulatory compliance.
Healthcare Stake Sale
Drafted transactional documents — including Share Purchase Agreement, Shareholders’ Agreement, Share Exchange Agreement, and Put and Call Agreement — for a multi-party technology transaction involving Indian and Singapore entities.
Technology Documentation Cross-Border
Advised a leading Indian infrastructure company on IBC acquisitions of a rail infrastructure company, a private infrastructure company, and a healthcare company — including due diligence, resolution plan preparation, and advisory.
Infrastructure IBC Multi-Target
Advised a leading textile company on acquisition of a major lifestyle fashion retailer under IBC, including preparation of and negotiation on the resolution plan.
Retail IBC Resolution Plan
Acted as Legal Counsel to a healthcare company in its acquisition of a healthcare foundation under IBC.
Healthcare IBC
Advised resolution applicants in successful IBC acquisitions across the steel, hospitality, and metals sectors.
IBC Multi-Sector

Insolvency & Restructuring

Comprehensive IBC advisory — from initiation and claims management through resolution plan vetting, liquidation support, and implementation — acting for resolution professionals, financial creditors, liquidators, and monitoring committees across some of India's most significant insolvency proceedings.

Legal counsel to State Bank of India in the corporate insolvency resolution of Jaiprakash Associates Limited — one of India’s largest insolvency proceedings, involving multi-jurisdictional real estate, infrastructure, and cement assets.
Landmark CIRP Financial Creditor Infrastructure
End-to-end legal support to the Resolution Professional of a major engineering company throughout the resolution process; subsequently appointed as Legal Counsel to the Monitoring Committee for the implementation phase.
RP Advisory Monitoring Committee Engineering
Providing end-to-end legal support to the Resolution Professional of a leading construction company.
RP Advisory Ongoing Construction
Providing end-to-end legal support to the Resolution Professional of a hospitality company.
RP Advisory Ongoing Hospitality
End-to-end legal support to the Resolution Professional of a steel company.
RP Advisory Steel
Advising three group companies — spanning the auto components and power sectors — on the implementation of their respective resolution plans.
Implementation Group Companies
Provided legal support to the Committee of Creditors of a copper manufacturing company in vetting of resolution plans, day-to-day process advisory, and litigation support.
CoC Advisory Manufacturing
Assisted in drafting an acquisition plan for the acquisition of not readily realisable assets under Regulation 37A of the IBBI (Liquidation Process) Regulations, 2016.
Liquidation Reg 37A
Provided legal opinions to leading public sector banks on the insolvency resolution of an education technology company and on the viability of pursuing fraud allegations against a steel and power company.
Legal Opinions PSU Banks
End-to-end legal advisory to liquidators across multiple proceedings — spanning the retail, auto engineering, power, and real estate sectors.
Liquidation Multi-Sector
End-to-end legal support to the Interim Resolution Professional / Resolution Professional across matters in the agro, logistics, and industrial sectors.
IRP/RP Advisory Multi-Sector
Assisted the Resolution Professional of a telecommunications company on principles regarding distribution of resolution plan amounts.
Distribution Telecom
Advised Resolution Professionals on due diligence and vetting of multiple resolution plans across the oil, real estate, and manufacturing sectors, along with negotiations with resolution applicants.
Resolution Plan Vetting Multi-Sector
Advised Resolution Professionals on due diligence and vetting of multiple resolution plans across the oil, real estate, and manufacturing sectors, along with negotiations with resolution applicants.
Resolution Plan Vetting Multi-Sector

Dispute Resolution

Representing financial creditors, resolution applicants, corporate debtors, and other stakeholders before the NCLT, NCLAT, High Courts, Supreme Court of India, and appellate tribunals across complex insolvency, corporate, and commercial disputes.

Successfully represented the assenting financial creditors led by State Bank of India in a major infrastructure company matter across the NCLT, NCLAT, and Supreme Court of India.
Supreme Court NCLAT Infrastructure
Successfully represented the assenting financial creditors before the NCLAT on the seminal question of whether distribution under a resolution plan should be based on security interest or voting share. Also representing the assenting financial creditors in the appeal before the Supreme Court of India.
Precedent-Setting Supreme Court Distribution Principles
Represented the promoters of a textile company in a successful challenge before the Supreme Court of India against an NCLAT order rejecting the resolution plan.
Supreme Court Resolution Plan
Provided litigation support to a consortium of lenders in an SLP before the Supreme Court of India in a highway infrastructure matter.
Supreme Court Highways SLP
Providing litigation support to the lead bank in pursuing avoidance transaction applications before the NCLT Kolkata Bench in connection with a major engineering company’s insolvency.
Avoidance Transactions NCLT
Providing litigation support to the oversight committee of a large infrastructure company in pursuing avoidance transaction applications before the NCLT Delhi Bench.
Oversight Committee Avoidance Transactions
Representing secured lenders — including three public sector banks — before the NCLT Kolkata Bench, challenging the Liquidator’s decision on distribution of liquidation proceeds as per security interest in a steel company matter.
Liquidation Distribution Secured Creditors
Representing three major public sector banks — members of the CoC — against an operational creditor’s challenge to the constitution of the Committee of Creditors in an expressway company’s CIRP.
CoC Constitution NCLT
Representing two public sector banks in an application challenging the resolution plan in a steel company matter before the NCLT Kolkata Bench.
Resolution Plan Challenge NCLT
Providing litigation support to a public sector bank as secured financial creditor in proceedings before the NCLAT, challenging the NCLT’s direction to treat employee gratuity and leave encashment as CIRP costs in a thermal power company’s liquidation.
NCLAT CIRP Costs Power Sector
Providing litigation support to State Bank of India in the matters of a management consulting company and a hospital company.
Financial Creditor NCLT
Providing litigation support to a Corporate Applicant for initiation of CIRP under Section 10 of the IBC before the NCLT Mumbai Bench.
Section 10 CIRP Initiation
Providing litigation support to a leading Indian power company in various litigations relating to a thermal power company acquired under IBC.
Post-Acquisition Power Sector
Providing litigation support to three group companies in various litigations in regard to the implementation of their respective resolution plans.
Implementation Multi-Entity
Providing litigation support to a leading Indian conglomerate in various proceedings before the NCLT, NCLAT, and High Court of Delhi.
Multi-Forum Corporate
Representing the Liquidator of a company in proceedings before the Appellate Tribunal under the Prevention of Money Laundering Act, 2002.
PMLA Appellate Tribunal
Providing litigation support to ex-directors of a leading insurance company before the High Court of Delhi, seeking quashing of summoning orders in a cheque dishonour case.
High Court NI Act
Provided litigation support to a public sector bank (Monitoring Committee member) in an application to enforce resolution plan implementation timelines against a major infrastructure developer.
Implementation Enforcement
Provided litigation support to a bank in an application challenging the Resolution Professional’s decision to keep a financial creditor’s claim under verification in a healthcare company matter.
Claims Verification Healthcare
Provided litigation support to a bank in an application seeking directions to the Resolution Professional before the NCLT Mumbai Bench.
RP Directions NCLT Mumbai
Provided litigation support to a private sector bank in an impleadment application before the Directorate of Enforcement.
Enforcement Banking
Provided litigation support to the successful asset purchaser before the NCLT Mumbai in relation to the extinguishment of past dues of the corporate debtor.
Asset Purchase Extinguishment
Provided litigation support to the Liquidator of a company before the NCLAT.
Liquidation NCLAT
Legal Counsel to a technology company winding down its operations in India through the voluntary liquidation process.
Voluntary Liquidation Technology
Advised and represented real estate allottees in a major North India insolvency proceeding involving a large residential habitat project.
Real Estate Homebuyers

Competition & Antitrust

Informed by formative experience at the Competition Commission of India, our competition practice brings an insider's understanding of regulatory enforcement, merger review processes, and competition policy development to every engagement.

Obtained CCI merger clearances for multiple transactions across sectors including energy, infrastructure, and manufacturing.
Merger Control CCI Multi-Sector
Represented parties in CCI investigations and proceedings.
CCI Investigations Enforcement
Advised multinational corporations on competition compliance frameworks, including assessment of anti-competitive risks in commercial arrangements.
Compliance MNCs Risk Assessment
Regularly advises on competition law implications of M&A transactions, including merger notification thresholds, pre-notification strategy, and engagement with the CCI.
M&A Advisory Pre-Notification Ongoing

Corporate & Banking

General corporate advisory, banking and finance, fund-raising support, employment law, real estate due diligence, and commercial documentation across diverse industry verticals.

Providing general corporate advisory services to listed companies and multinational companies having offices in India.
Ongoing Advisory Listed Companies MNCs
Providing employment laws advice to Indian subsidiaries of various Chinese and Korean companies.
Employment Law Cross-Border MNC Subsidiaries
Advised an AI-driven agri-tech startup on multiple funding rounds, including preparation of definitive documents and negotiations with counterparties. Continuing to advise on corporate and commercial matters.
Startup Fund Raising Venture Capital
Multiple engagements for a leading private sector bank — including preparation of documents for conversion of credit facilities, loan restructuring, and legal opinions on closure of expired bank guarantees.
Banking Restructuring Legal Opinions
Advising multiple companies on Power Purchase Agreements — including drafting, review, negotiation, and facilitation of execution — with power producers.
Power Sector PPAs
Advised a foreign investment vehicle on residential lease arrangements and drafted share subscription agreements.
Foreign Investment Real Estate
Undertook land due diligence, title search on certain land parcels, and prepared title search report for a company operating a Free Trade Warehousing Zone.
Land Due Diligence FTWZ

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