Shardul Amarchand Mangaldas & Co. Advised The Committee Of Creditors Of Vadraj Cements Limited On The Corporate Insolvency Resolution Rocess Of Vadraj Cements Limited

Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors of Vadraj Cements Limited on the corporate insolvency resolution process of Vadraj Cements Limited

Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors (led by Punjab National Bank) of Vadraj Cements Limited, one of India’s leading cement manufacturers, on the corporate insolvency resolution process of the company.

The resolution plan submitted by Nuvoco Vistas Corporation Limited, valued at approximately INR 1,800 crores, was approved by the Hon’ble National Company Law Tribunal, Mumbai Bench, on 1 April 2025. The acquisition will be executed through Vanya Corporation Private Limited, a wholly owned subsidiary of Nuvoco, which will subsequently be merged with Vadraj Cements Limited. Upon completion, Vadraj Cements will become a wholly owned subsidiary of Nuvoco, making it the fifth largest cement group in India.

The Shardul Amarchand Mangaldas & Co. team was led by Soummo Biswas, Partner, with support from Yugal Jain, Principal Associate; Apeksha, Senior Associate; Aditi Tomar, Senior Associate; Ritika Sharma, Associate; and Amandeep Saini, Associate. The litigation team was led by Misha, Partner, and Abhilash Chaudhary, Principal Associate.

AZB & Partners advised the Resolution Professional oShardul Amarchand Mangaldas & Co. advised the Committee of Creditors (led by Punjab National Bank) of Vadraj Cements on the successful resolution of its insolvency process through an INR 1,800 crore plan submitted by Nuvoco Vistas.f Vadraj Cements Limited.

Khaitan & Co. advised Nuvoco Vistas Corporation Limited, the successful resolution applicant.

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