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Ashwin Bishnoi

Ashwin Bishnoi

, New Delhi

Partner | Restructuring & Insolvency, Banking and Finance, Corporate and Commercial


  • LL.M., University of Pennsylvania Law School, Philadelphia (2007)
  • Wharton Cert. Degree on Business and Public Policy, University of Pennsylvania (2007)
  • B.A., LL.B., (Hons.), National Law School of India University, Bangalore (2005)

Ashwin is a Partner in the Delhi office. Prior to joining the Firm Ashwin worked at Skadden, Arps, Slate, Meagher and Flom LLP for 4 (four) years in their New York and London offices.

He is a leading lawyer in the field of corporate laws including M&A, corporate insolvency and restructuring focussing on some of the most complex such transactions. He has been at the forefront of India’s new bankruptcy law, including advising on its evolution and its application across a significant number of the first few corporate rescues and distressed M&A situations.

Ashwin is recognised as one of the Top 20 “Emerging Leaders” 2019 by the international renowned RSG Consulting. Ashwin is also ranked as a “Rising Star Lawyer” by Asia Law.


Professional Affiliations

  • Bar Council of Delhi
  • New York Bar Association, U.S. (formerly)
  • Registered Insolvency Professional under the Insolvency and Bankruptcy Code, 2016

Representative Matters

Ashwin Bishnoi has represented and advised the following clients

Dalmia Cement (Bharat) Limited

Advised in connection with acquisition of Murli Industries Limited. This is the first acquisition of a listed company under India’s new Insolvency & Bankruptcy Code, 2016.

Liberty House Group

Advising connection with acquisition of Amtek Auto Limited pursuant to a resolution plan under India’s new Insolvency & Bankruptcy Code, 2016. The total debt at Amtek is nearly USD 3 billion.

Temasek Holdings

Advised on distress acquisition of Crompton Greaves’ consumer electrical business from Avantha Holdings Limited, together with Advent International Limited, for which consideration was paid in advance and the advance was secured by assets of the seller.


Advised in connection with bilateral Masala Bond subscription to debt-fund its Indian joint venture SIS Prosegur.

CX Partners, Olympus Capital, Blackrock, Samena Capital

Advised in relation to the issuance of listed, rated, non-convertible debentures of an aggregate principal amount of INR 400 Cr by Nspira Management Services Private Limited.

Jindal Steel & Power Limited

Advised Jindal Steel & Power Limited in connection with the restructuring of its off-shore indebtedness of aggregate principal amount of USD 1 billion.

Reputed paper manufacturing company

Advised in connection with dealings with the Joint Lender’s Forum under the Framework for Revitalizing Distressed Assets in the Economy announced by the Reserve Bank of India.

Avantha Holdings Limited

Advised in connection with issuance of market linked, principal protected, secured, listed non-convertible debentures issued to Apollo Global Management on a private placement basis, for an aggregate amount of up to USD 150 million where the use of proceeds was the refinancing of existing debt.

Nokia Siemens Networks

Advised in connection with attempted acquisition of the North American and European CDMA and LTE assets of Nortel Networks by way of a Section 363 (under US Bankruptcy Code) auction. The transaction was valued at USD 1.2 billion.

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