Dhir & Dhir Associates




Dhir & Dhir Associates is best known for its restructuring and insolvency, and capital markets practices. The firm was one of the first entrants into the stressed assets advisory space back in the early 1980s. Thus, its long-standing experience of nearly four decades in the insolvency realm makes it a go-to firm with clients appreciating its substantial, well-rounded contentious and non-contentious practice. The firm is currently handling more than a quarter of the non-performing assets insolvencies in the country. The core practices of managing partners Alok Dhir and Maneesha Dhir are in restructuring and insolvency, and corporate and M&A. Alok Dhir is also known for his expertise in real estate and private equity, while Maneesha Dhir is active in telecommunications, media and technology as well as dispute resolution. Another key partner is disputes, and restructuring and insolvency specialist Sachin Gupta. The firm recently welcomed two partner additions to boost their highly-ranked R&I offering: Purusharth Singh from Suzon Group and AC Singh, a former legal advisor from the Ministry of Finance.

Restructuring and insolvency

Work highlights

Representing Trident Infra Homes and Romano Infrastructure as it seeks resolution plan approval before the NCLT.

Assisting Jain Irrigation Systems on its ongoing restructuring proposal with its lenders under the 2019 RBI Circular.

Acting for Gati Infrastructure in the ongoing insolvency resolution process as initiated by one of the operational creditors of the company.


Work highlights

Represented Power Finance Corporation as lender to provide financial assistance for the purposes of repayment of the existing project indebtedness for the commissioned 50 MW wind power project, Betul District, Madhya Pradesh in the matter of Kukru Wind Power Private.

Acting for REC on its loan to Acme Solar Technologies related to a solar project situated in Gujarat.

Advised a consortium of lenders led by Indian Renewable Energy Development Agency on their financial backing of two SPVs of Jindal Group relating to waste management projects.

Key clients

PTC India Financial Services, Tata Cleantech Capital

Real estate

Work highlights

Advised SBI Cap Ventures on matters pertaining to acquisition of the land parcels for a project and assisted the client on acquiring one additional property as collateral for the creation of a mortgage.

Acted for IIFL Home Finance on its purchase of land parcels for collateral and to conduct due diligence on the title of the landowner.

Represented Delhi Metro Rail Corporation on its acquisition of a piece of land near Neb Sarai, Delhi.