Khaitan & Co advised Dalmia Cement (Bharat) Limited, whose bid to acquire Murli Industries Limited under the Insolvency and Bankruptcy Code, 2016 (“IBC”) was successfully approved by the committee of creditors. This transaction is one of the first corporate insolvency resolution cases under the IBC. The core transaction team included Bharat Anand (Partner), Ashwin Bishnoi (Partner), Shruti Singh (Principal Associate), Pashupati Nath (Principal Associate) , Sanchit Agarwal (Senior Associate), Charu Chitwan (Associate), Ankur Saxena (Associate) and Kriti Wattal (Associate) with assistance from the following:
Indirect Tax aspects: Kabir Bogra (Partner) and Tushaar Talwar (Associate)
Employment aspects: Anshul Prakash (Partner)
Dalmia Cement (Bharat) Limited is part of the reputed Dalmia Bharat Group and is its main operating company in the cement sector.