Khaitan & Co advised the Resolution Professional of SES Energy Services India Private Limited in CIRP
Khaitan & Co advised the Resolution Professional of SES Energy Services India Private Limited, an oil and gas sector entity, in relation to the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The process resulted in the successful resolution of SES Energy, which has now been acquired by Ocean Capital Market Limited.
This was a unique CIRP, as SES Energy did not have any unrelated party financial creditors. Consequently, the Committee of Creditors was comprised solely of operational creditors, making it a rare case in India’s insolvency framework.
The Khaitan & Co core team was led by Kumar Saurabh Singh (Partner), Rahul Chakraborti (Partner), and Vishnu Shriram (Partner), with support from Ashwij Ramaiah (Principal Associate), Swetha Shankaran (Principal Associate), Rohitesh Tak (Senior Associate), Srishti Kapoor (Senior Associate), Aaria Parekh (Associate), Aaryan Mohan (Associate), and Kavya Arora (Associate).
On litigation-related aspects, the team included Digant Popat (Partner), Diwakar Maheshwari (Partner), Pratiksha Mishra (Principal Associate), Tanya Singh Shah (Principal Associate), Nihar Thakkar (Senior Associate), and Samruddhi Pawar (Associate).
On real estate aspects, the team comprised Abhiraj Gandhi (Partner) and Snehil Singhvi (Associate).
On EPFO and employment-related aspects, the team included Abhimanyu Pal (Counsel) and Deeksha Malik (Principal Associate).
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