{"id":351790,"date":"2025-06-28T16:00:27","date_gmt":"2025-06-28T10:30:27","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=351790"},"modified":"2025-06-28T16:20:15","modified_gmt":"2025-06-28T10:50:15","slug":"shardul-amarchand-mangaldas-advises-vadraj-cement-cirp","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/06\/28\/shardul-amarchand-mangaldas-advises-vadraj-cement-cirp\/","title":{"rendered":"Shardul Amarchand Mangaldas & Co. advises Committee of Creditors of Vadraj Cement on its Corporate Insolvency Resolution Process"},"content":{"rendered":"
\n

Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors (CoC) of Vadraj Cement Limited (VCL), led by Punjab National Bank, in its corporate insolvency resolution process, culminating in the successful implementation of an INR 1,800 crore resolution plan for VCL. The resolution plan was fully implemented on June 20, 2025, with the payouts released to the creditors on the same date.<\/p>\n

The resolution applicant, Nuvoco Vistas Corporation Limited (NVC), a part of the Nirma Group\u2014undertook the acquisition through its wholly owned subsidiary Vanya Corporation Limited.<\/p>\n

This acquisition increases NVC\u2019s total cement production capacity to approximately 31 million metric tonnes per annum, making it the fifth largest cement producer in India and further consolidates its presence in the sector. The deal marked the successful resolution of a long-standing distressed asset\u00a0 and demonstrated the effectiveness of coordinated legal and commercial strategy in complex insolvency proceedings.<\/p>\n

The transaction team was led by Soummo Biswas, Partner; Parth Gokhale, Partner; Yugal Jain, Principal Associate; Ritika Sharma, Associate; and Amandeep Saini, Associate.<\/p>\n

The litigation team was led by Misha, Partner and Abhilash Choudhary, Principal Associate.<\/p>\n

Pulkit Gupta was the resolution professional.<\/p>\n

AZB & Partners advised the resolution professional on legal aspects<\/p>\n

EY Restructuring LLP was the resolution professional\u2019s process advisor<\/p>\n

Khaitan & Co. advised the resolution applicant on legal aspects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors (CoC) of Vadraj Cement Limited (VCL)<\/i><\/p>\n","protected":false},"author":67011,"featured_media":351799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[43781,32458,22814,84351,50837,81364,46701,84350],"class_list":["post-351790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-cirp","tag-committee-of-creditors","tag-corporate-insolvency-resolution-process","tag-ibc-india","tag-insolvency-law","tag-legal-advisory","tag-shardul-amarchand-mangaldas","tag-vadraj-cement"],"yoast_head":"\nShardul Amarchand Mangaldas Advises Vadraj Cement CoC in CIRP | SCC Times<\/title>\n<meta name=\"description\" content=\"Shardul Amarchand Mangaldas & Co. advises Committee of Creditors in Corporate 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Metalyst was admitted into corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016 (Code) in December 2017,\u2026","rel":"","context":"In "Law Firms News"","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Metalyst Forgings Limited","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Metalyst-Forgings-Limited.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Metalyst-Forgings-Limited.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Metalyst-Forgings-Limited.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/07\/Metalyst-Forgings-Limited.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":292287,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/16\/shardul-amarchand-mangaldas-advises-macquarie-capital-in-its-acquisition-of-majority-stake-in-excel-telesonic-india-private-limited-cloudextel\/","url_meta":{"origin":351790,"position":2},"title":"Shardul Amarchand Mangaldas advises Macquarie Capital in its acquisition of majority stake in Excel Telesonic India Private Limited (CloudExtel)","author":"Bhumika Indulia","date":"May 16, 2023","format":false,"excerpt":"Shardul Amarchand Mangaldas & Co. advised Macquarie Capital, the corporate advisory, capital markets, and principal investment arm of Macquarie Group, in its acquisition of majority stake in Excel Telesonic India Private Limited (CloudExtel), a leading Network as a Service (NaaS) provider in India. 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