Luthra and Luthra

Aakarshan Sahay

Partner Designate

Contact

+91 11 4121 5100

asahay@luthra.com

Overview

Aakarshan has been extensively and actively involved in significant matters relating to Insolvency and Bankruptcy Code and regularly appears before various National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT) and the Hon’ble Supreme Court.  He has ably advised and represented Resolution Professionals, Resolution Applicants as well as the Committee of Creditors (CoC) in numerous Corporate Insolvency Resolution Process.

Given his diverse and rich litigation experience, spanning well over a decade and dealing with wide a multitude of laws, Mr. Sahay brings to the table his comprehensive set of skills and insightful appreciation of complex legal issues. The same are truly valued by the Clients and make him and the Firm a first choice for public sector undertakings and other public and private sector undertakings for pursuing litigation and obtaining opinions, particularly in the fields of arbitration, civil litigation and insolvency resolution.

Experience Statement

  • Acted for various Resolution Professionals in the Corporate Insolvency Resolution Process (CIRP) for Shree Maheshwar Hydel Power Corporation Ltd, EPC Constructions India Ltd, Cinema Ventures Private Ltd, Proview Infrastructure Private Ltd, Nitya Realtech Ltd, Bharti Defence and Infrastructure Ltd, Crest Steel and Power Pvt. Ltd and Dash Exports Pvt. Ltd.
  • Acted for the Committee of Creditors in the Corporate Insolvency Resolution Process for Ruchi Soya Industries Ltd, Dadi Impex Pvt. Ltd, and Lavasa Corporation.
  • Acted for the Resolution Applicants in the Corporate Insolvency Resolution Process for Vardhman Industries Ltd and Haryana Telecom Ltd
  • Acted for IREDA for initiating corporate insolvency resolution process against different corporate debtors.
  • Representing NHPC in the substantive arbitration against M/s Larsen & Toubro Limited for Lot2 and Lot5 of the Project, which entity was awarded the contract for “Construction of HRT intake structures, head race tunnels, surge chamber, pressure shafts, tail race channel, audits and a surface powerhouse” on the Subansiri flowing between the states of Assam and Arunachal Pradesh, where the package claim amount is INR 1908 Crores.
Bar Enrolment
  • Bar Council of Delhi

Education

  • BLS. LL.B. – Government Law College, Mumbai
  • LLM – Kurukshetra University

Awards / Recognition

  • Recognized as Best Individual Lawyers under 10 years of experience in Insolvency & Bankruptcy in the Forbes Legal Powerlist 2021.
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