Lack of judicial capacity, incompetency, and frivolous litigation in the National Company Law Tribunal (NCLT) have led to decreased values and increased timelines for debt recovery under India’s bankruptcy code, driving financial creditors and prospective debt buyers away from India’s foremost stressed asset resolution scheme.

Indian law firm DLS Law Offices has separated from HSA Advocates and will operate as an independent entity going forward. HSA and DLS merged in May 2019.

India’s Saraf and Partners has expanded its projects, regulatory and litigation team in Delhi with the addition of Alok Shankar as a partner from HSA Advocates.

India’s Phoenix Legal has hired Harsh Arora as a partner in Delhi from HSA Advocates.

India’s Argus Partners has added Rachika Sahay as a partner in the corporate and infrastructure team in Delhi from HSA Advocates.

India’s HSA Advocates has hired Vishal Lohire as a partner from Lakshmikumaran & Sridharan (L&S), where he was a joint partner leading the firm’s Mumbai commercial dispute resolution team.

Indian law firm HSA Advocates has hired projects and energy specialist Ravi Jain as a partner in Mumbai from Economic Laws Practice (ELP).

HSA Advocates has hired a team of projects and infrastructure lawyers in Delhi from Advaita Legal, including partners Shailendra Kumar Singh, Alok Shankar and Monali Dutta.

Indian law firm Link Legal has hired three new partners: Aditya K Singh and Gaurav Sahay join from HSA Advocates, and Ketan Mukhija joins from P&A Law Offices.