Venancio D’Costa

Overview

Venancio D’Costa is a Litigation Partner in Luthra and Luthra Law Offices India. He specializes in civil and criminal litigation, insolvency matter under IBC, recovery of debts and related matters, arbitration, property disputes, labour and employment related disputes, matrimonial disputes, media related litigation etc. He has a strong expertise in evidence and cross examination.

Mr. D’Costa has extensively advised both domestic and international clients on various nuances of law. He regularly appears as lead counsel before various Courts and Tribunals in India.

Experience Statement

• Representing banks and financial institutions such as SBI, Hero FinCorp Ltd., PNB Housing Finance to name a few in initiating insolvency against its various Debtors and their Personal Guarantors.

• Represented Hero in another SLP filed by one of its Corporate Debtor against the action taken by Hero First under Arbitration Act and thereafter against the IBC. The Hon’ble Supreme Court vide its judgment dated 03.10.2017, held that a reading of Section 14 along with Section 238 of IBC clearly stipulates that there is no bar in invoking the provisions of Arbitration Act, and dismissed the SLP preferred by the Corporate Debtor.

• Advising and representing IDBI Bank, a leading national bank, which is a financial creditor of Deccan Chronicle Holdings Limited, in proceedings presently before the Hon’ble NCLAT. IDBI Bank has challenged provisions of the Resolution Plan of SREI Multiple Asset Infrastructure Trust – Vision India Funds which was approved by the committee of creditors for the Corporate Debtor.

• Advised ArcelorMittal, in its court mandated repayment of the entire outstanding debt of Uttam Galva Steels Limited, one of the largest manufacturers of cold rolled steel and galvanized steel in India.

• Advised JSW Infrastructure as a prospective bidder for Dighi Ports Limited, a greenfield port being developed as a multipurpose, multi cargo, all weather port with deep draught, direct berthing facilities and cargo handling equipment, within outstanding debt in excess of USD 440 Million. The Firm advised in review of the various facilities established by the company and legal ownership and title risk related issues attached to the Company.