Pranshu Paul

Overview

Pranshu Paul, currently works as a Partner at Luthra and Luthra Law Offices India in the Dispute Resolution practice. He has worked on high profile litigation matters, including several ‘bet-the-company’ disputes simultaneously spread across various jurisdictions and forums. He possesses a wide range of experience and expertise in civil disputes including arbitrations (domestic and international), corporate and commercial disputes, insolvency & bankruptcy matters, and legal advisory including contracts

Throughout his career, Pranshu has appeared before various Courts, Arbitrations, and Tribunals across India, including the Hon’ble Supreme Court of India and several High Courts. During these appearances, Pranshu has both argued as well as assisted several distinguished and senior counsels across India.

Some Notable Matters

• Representing several large construction companies in proceedings across the country concerning various issues across forums including perusing claims in arbitration proceedings for claims over 1000+ Crores in total.
• Representing a global financial and risk advisory firm, in a civil suit filed for recovery of monies based on damages under torts to the tune of USD 5 Billion, alleged to have caused destruction of large diamond business. The law involved is Indian Law along with the usage of international convention and treaties. The case is significant as this is one of the first and few cases in India which deals with the issue of breach under tort at this scale, which includes the tort of conspiracies against the client including authorities of the Government of India and will lay down jurisprudence on this subject.
• Represented an Indian Multinational, in a complex recovery proceeding before the Calcutta High Court and other forums including the National Company Law Tribunal and Debts Recovery Tribunal, which was heavily contested in all forums and involved several cross-litigations. Due to the intervention of the firm, the client was able to secure a hard fought settlement for a majority of the claim, and is in pursuance of the remainder of the claims having a financial implication of USD 50+ Million. The case involved several judgements including one of the few judgement accepting the exception under Section 14 of the Arbitration and Conciliation Act, 1996.
• Successfully represented International Biotech Company in more than 10+ domestic arbitrations, having a financial implication of USD 700 Million, being vital to the business in India. The arbitrations included extensive trial and evidence, leading to the entire claims being allowed in favour of the client. The arbitrations were of vital importance to the client to continue their current and future business in India.
• Advised the largest insurance corporation in India on several aspects of law for the Initial Public Offering including obtaining opinions from Retired Chief Justices of India having a direct implication of USD 2.7 Billion for the client and resulting in the filing of its successful IPO.
• Successfully represented the Resolution Professional in the Corporate Insolvency Resolution Process of a large cement manufacturer across various forums and courts in India, leading to a rare and unique recovery of around USD 2 Billion for the lenders.
• Successfully represented a global financial and risk advisory firm in a proceeding before the High Court of Delhi involving the interpretation and implementation of ‘Hague Convention on the Taking of Evidence Abroad in Civil or Commercial Matters’ being of vital importance to the client. This was a unique and uncommon proceedings filed in India, and which may have had a large impact on the client and its future business in India.