MDP & Partners

India

Analysis

Overview

MDP & Partners is recognised for its work in the banking and finance, and real estate spheres. It is empanelled with the Securities and Exchange Board of India and has offices in Mumbai and Delhi. Managing partners Nishit Dhruva and Ashok Paranjpe, and senior partner Ashok Mishra are all banking and finance specialists, with the former two also focusing on real estate and disputes. Last year the firm managed to conclude over 20 loan-related transactions. 

Restructuring and insolvency

Work highlights 

Acted for Union Bank of Indian in insolvency proceedings against Sterling Biotech.  

Advising the liquidator of S Kumars Nationwide before the NCLT.  

Represented the Bank of India before various tribunals and the Supreme Court in a case against Housing Development and Infrastructure during its insolvency resolution process 

Key clients 

Bank of Baroda, Canara Bank, Orbit Investment Securities Services, Punjab National Bank

Banking and finance

Work highlights 

Acted for a consortium public sector undertaking bank in respect of a supplemental round of loan documentation for a domestic public electricity provider.  

Real estate

Work highlights 

Acted for the purchaser a proposed property acquisition in Andheri, Mumbai and currently leased to a leading Indian hotel chain.  

Advised a non-banking financial institution for a title due diligence of a property situated in Thane. 

Assisted the builder in respect of a redevelopment project in Mazgaon Mumbai 

Defending developers NHP Realty & Helicite Residency in a case filed by the trustees of the Banganga Talav on the grounds of alleged contamination and obstruction of flow of water into the Talav 

Representing Hubtown and Hubtown Solaris Maintenance against a suit filed by the Society seeking an injunction against the further construction of floors in the building known as Hubtown Solaris. 

Key clients 

Montecarlo, Oil and Natural Gas Corporation, Sumeru Hospitality, Vedanta Foundation