Khaitan & Co Guides SES Energy Through Complex Corporate Insolvency Resolution
Khaitan & Co, a leading law firm, successfully advised the resolution professional of SES Energy Services India Private Limited in a unique corporate insolvency resolution process.
Corporate InsolvencyLegal AdviceOil And GasKhaitan CoResolution ProcessReal Estate NewsMay 26, 2025
The core team at Khaitan & Co, led by Kumar Saurabh Singh, Rahul Chakraborti, and Vishnu Shriram, all partners, was instrumental in this process. They were supported by a dedicated team of associates, including Ashwij Ramaiah, Swetha Shankaran, Rohitesh Tak, Srishti Kapoor, Aaria Parekh, Aaryan Mohan, and Kavya Arora. Each member brought their specialized skills to the table, ensuring a comprehensive and effective resolution strategy.
In addition to the core team, the firm leveraged the expertise of its litigation, real estate, and employment law specialists to address the multifaceted challenges of the CIRP. For litigation-related aspects, Digant Popat and Diwakar Maheshwari, both partners, led the team, supported by Pratiksha Mishra, Tanya Singh Shah, Nihar Thakkar, and Samruddhi Pawar. This ensured that all legal disputes and challenges were handled with precision and efficiency.
Abhiraj Gandhi, a partner, and Snehil Singhvi, an associate, provided invaluable insights on real estate-related matters, ensuring that all property and land issues were resolved smoothly. Meanwhile, Abhimanyu Pal, a counsel, and Deeksha Malik, a principal associate, managed the EPFO and employment-related aspects, ensuring compliance with all labor laws and regulations.
SES Energy, an entity in the oil and gas sector, has been successfully resolved through the CIRP and has been acquired by Ocean Capital Market Limited. This was a unique CIRP as SES did not have any unrelated party financial creditors, making the committee of creditors consist solely of operational creditors of SES. This distinctive scenario presented a set of challenges that required a tailored approach, which Khaitan & Co adeptly navigated.
The successful resolution of SES Energy is a testament to Khaitan & Co's comprehensive legal expertise and their ability to handle complex insolvency cases. The firm's multidisciplinary approach and collaborative spirit were key factors in achieving a positive outcome for all stakeholders involved.
This achievement not only highlights Khaitan & Co's commitment to excellence but also reinforces their position as a leading law firm in the Indian legal landscape. Their expertise in corporate insolvency resolution and their ability to navigate through intricate legal procedures make them a trusted partner for businesses facing insolvency challenges.
In conclusion, the successful resolution of SES Energy through the CIRP is a significant milestone in the firm's history. It demonstrates Khaitan & Co's capability to provide robust legal solutions and their dedication to delivering exceptional client service. As the legal landscape continues to evolve, Khaitan & Co remains at the forefront, ready to tackle new challenges and opportunities in the corporate insolvency domain.
Frequently Asked Questions
What is the Corporate Insolvency Resolution Process (CIRP)?
The Corporate Insolvency Resolution Process (CIRP) is a legal framework under the Insolvency and Bankruptcy Code, 2016, designed to resolve insolvency and financial distress of a corporate debtor. It involves a time-bound process to either restructure the company's debts or liquidate its assets.
Who is the resolution professional in the CIRP?
The resolution professional is an insolvency professional appointed to manage the CIRP. They are responsible for conducting the insolvency resolution process, preparing a report on the financial position of the corporate debtor, and facilitating the resolution plan.
What role did Khaitan & Co play in the SES Energy CIRP?
Khaitan & Co advised the resolution professional of SES Energy Services India Private Limited throughout the CIRP. They provided comprehensive legal support, including litigation, real estate, and employment-related aspects, to ensure a successful resolution.
What is unique about the SES Energy CIRP?
The SES Energy CIRP was unique because SES did not have any unrelated party financial creditors. Consequently, the committee of creditors was comprised solely of operational creditors of SES, presenting a distinct set of challenges and requiring a tailored approach.
Who acquired SES Energy through the CIRP?
SES Energy was acquired by Ocean Capital Market Limited through the Corporate Insolvency Resolution Process (CIRP).
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