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Vaish Associates has advised India’s Patanjali Ayurved on its purchase of debt-laden edible oil firm Ruchi Soya in a bid worth $630 million, with L&L Partners counselling the committee of creditors (CoC) and Cyril Amarchand Mangaldas representing the resolution professional.

Ruchi Soya’s brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold. It is part of the second list of 28 defaulters the Reserve Bank of India flagged for resolution. The approval of the CoC has been received after protracted litigations and more than 16 months since the initiation of the process.

The L&L Partners team was led by senior partner Vijay Sondhi, partner Bikash Jhawar and partner-designate Nakul Sachdeva.

 

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