Mukesh Chand
India
Economic Laws Practice
9th floor Mafatlal Center, Vidhan Bhavan Marg
Vidhan Bhavan Marg
Nariman Point, Mumbai 400 021
Tel: +91 22 6637 1947
Email:
mukeshchand@elp-in.com
Web:
www.elplaw.in
Mukesh Chand serves as a Senior Counsel in the Mumbai office of Economic Laws Practice (ELP).
With over 32 years of experience across the legal and banking areas, Mukesh Chand is a leading expert in banking & finance, restructuring, and insolvency law, renowned for his adept handling of complex cases and a deep understanding of financial regulations in India.
His practice spans comprehensive services, including advising on banking and finance matters, insolvency proceedings, and both creditors and debtors in high-profile insolvency cases, as well as managing complex resolution plans. His contributions are vital in shaping effective legal strategies and ensuring successful outcomes in complex financial matters.
His thought leadership is demonstrated through his numerous influential articles and expert commentary on key developments in banking & finance and insolvency law. His writings cover a wide range of topics, including corporate insolvency resolution processes, personal insolvency, and the regulatory environment surrounding banking and finance in India. His insights have been featured in prestigious platforms with regular updates and thought leadership pieces.
Mukesh earlier served with the State Bank of India (SBI) and SIDBI. He has been instrumental in notable projects such as the establishment of the Receivable Exchange of India Ltd (RXIL) at SIDBI, which enhanced liquidity for MSMEs, and developing legal strategies for large-scale insolvency cases with the Stressed Assets Resolution Group at SBI. At SIDBI he was involved with setting up and operationalizing India’s first Receivable Exchange, TReDs of Receivable Exchange of India Ltd (a joint venture of NSE and SIDBI) right from the stage of conceptualization to putting in place operational mechanisms and guidelines.
Additionally, he has contributed to the development of policies, manuals, and guides for handling cases under the IBC. His active participation in prestigious organizations like INSOL International and the Institute of Directors, Chartered Institute of Arbitrators, London, underscores his commitment to driving excellence and shaping the future of banking and insolvency law.
During the course of his career, Mukesh has been a member on various committees (of the organizations he has worked with) including the Credit, Risk/ Restructuring, FATCA, NPA, Vigilance and Product Innovation Committees.
- Acted for the Resolution Professional of Premier Limited. Premier is on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and is also India’s first indigenous automobile manufacturing company. Premier Limited, is presently undergoing Corporate Insolvency Resolution Process (“CIRP”) under the provisions Insolvency and Bankruptcy Code 2016.
- Acting for Union Bank of India before the National Company Law Appellate Tribunal against Supreme Manor Wada Bhiwandi Infrastructure Private Limited which is Special Purpose Vehicle promoted by Supreme Infrastructure India Limited.
- Successfully advised the Client on the Resolution Plan of approximately 60 Million USD by Metro Reality Group for acquisition of S K Elite Industries Limited under the Insolvency and Bankruptcy Code, 2016. Challenge to the process was also rejected by the Hon’ble Supreme Court of India.
- Advising and representing a power company in Section 7 application filed against it by a foreign Bank under the Insolvency and Bankruptcy Code, 2016.
- Successfully advised a client in pharma sector on the implementation of the resolution plan of approximately 16.97 million for takeover of an existing pharmaceutical unit which was undergoing insolvency process under the supervision of the Insolvency Court in India.
- Advising TMFSL as well as Tata Hitachi Construction Machinery Company Private Limited (a Joint Venture, constituted by and between Tata Motors Limited and Hitachi Construction Machinery Co. Ltd., Japan) for initiation of the Corporate Insolvency Process (under section 7 of the IBC) against its debtor in respect of debt of app. USD 26 million, before the NCLT, Kolkata Bench.
Economic Laws Practice’s accomplished Banking & Finance team is recognized for its expertise across a wide range of financing and investment matters, including rupee financing, external commercial borrowings (ECB), overseas direct investments (ODI), acquisition financing, project financing, and ancillary security documentation. The team also provides specialized regulatory advice under the Foreign Exchange Management Act, 1999 (FEMA) and its associated regulations, guiding clients through complex compliance and structuring challenges.
The firm has extensive experience advising on securitization and asset reconstruction transactions, representing some of the most pioneering asset reconstruction companies in India. Its strength lies in combining in-depth knowledge of domestic statutes with a strong understanding of international best practices, enabling the team to anticipate both legal and commercial risks in transactions.
ELP’s client base includes leading public and private sector banks, global banks, funds, investment houses, asset reconstruction companies, and both domestic and international commercial enterprises. Over the years, the team has successfully handled large-scale and complex transactions, from structuring and negotiation of term sheets to final execution. These transactions have ranged in size from USD 5 million to USD 2 billion, underscoring the firm’s ability to manage matters of significant scale and sophistication.
Founded in 2001, Economic Laws Practice (ELP) is recognized as one of India’s leading full-service law firms, bringing together more than 230 professionals, including lawyers, chartered accountants, cost accountants, company secretaries, sector experts, and economists. The firm advises clients on a broad spectrum of matters spanning transactions, advisory, litigation, regulatory, and tax issues.
ELP has been consistently ranked among the top 10 law firms in India, with several of its practices rated Tier 1 by leading global and domestic agencies. The firm serves an extensive client base across diverse industry sectors, including Fortune 500 companies, public sector undertakings, multinationals, large Indian corporations, and startups. With strong relationships with leading law firms in the United Kingdom, the United States, the Middle East, and the Asia-Pacific region, ELP is well-positioned to provide clients with seamless support on cross-border matters. As the exclusive India member of the Taxand global network—the world’s largest independent tax organization covering 50 jurisdictions—ELP is able to offer clients access to an unparalleled range of global tax expertise.
Beyond its client work, ELP actively engages with governments, regulators, legislators, businesses, and industry associations to contribute to the development of sustainable and positive long-term conditions for business and investment in India.