PSL Advocates and Solicitors

India

Analysis

Overview

PSL Advocates and Solicitors is a New Delhi-based boutique with a focus on commercial arbitration, insolvency, tax, corporate advisory, and commercial litigation. The firm sits on multiple government panels, such as State Bank of India, the Central Board of Indirect Taxes and the Airports Authority of India, and it uniquely has specialist Russia, Israel, Japan, Dubai and Turkey desks. Co-founders and managing partners Sameer Jain and Sandeep Bajaj are the main firm contacts. Co-founding partner Siddharth Jain and partner Angad Sandhu are other names to note.

Dispute resolution

Work highlights

Advising SBS Transpole Logistics in international arbitration proceedings before the SIAC relating to a shareholders’ dispute.

Representing Ares Investment in a challenge to arbitral award proceedings. The outcome of the matter will substantiate on a legal question of whether an Arbitral Tribunal grants a relief to conduct an IPO, which is de facto barred under the Specific Relief Act, breaches a policy of the arbitration act for setting aside an award.

Acting for the royal family of Bastar in the state of Chhattisgarh in matters relating to the succession of property worth billions.

Representing Abhijeet Toll Road Karnataka in arbitration and court proceedings against the State of Karnataka & Karnataka Road Development.

Key clients

JAS Toll Road, Mdhucon Projects, Petron Engineering Construction, Prime Interglobe, Wipro

Restructuring and insolvency

Work highlights

Representing the promoter of a power and energy company, Corporate Power against the initiation of the insolvency resolution process in billion-dollar insolvency proceedings on the ground of the application being time-barred in nature before the NCLAT.

Acting for an energy sector company in challenging the constitutional validity of a section of the Insolvency and bankruptcy code.

Representing the promoter of Kalyani Transco before the Supreme Court of India on the issue of retrospective liability in insolvency proceedings.

Key clients

Affordable Infrastructure and Housing Projects, Prime Food, Siemens