Immix Trade Pvt. Ltd. v. Sunrise Properties Pvt. Ltd.
NCLT, Mumbai · 2026The Tribunal ordered restoration of pledged shares, holding that their invocation during the CIRP moratorium was illegal. Asahi Legal instructed for the Respondent.
What we do
Practice Areas
Comprehensive legal services spanning insolvency, corporate law, real estate, dispute resolution, family law, wills and succession planning, and employment and labour law.
01 · Flagship practice
Insolvency & Bankruptcy Code: every stage, under one roof.
Insolvency is the practice around which this firm is built. We have advised on the entire corporate insolvency resolution process for matters aggregating in excess of INR 5,000 crores, and have to date been engaged in more than one hundred matters under the Insolvency and Bankruptcy Code before the Hon’ble National Company Law Tribunal.
Our experience is end to end. We act at every stage the Code contemplates, from pre-default advisory and Section 7, 9 and 10 admissions, through the conduct of the CIRP and the resolution process, into liquidation, and through to voluntary liquidation, winding up, dissolution and deregistration. Clients do not need to change counsel as a company moves from one stage of distress to the next.
01
Pre-default Advisory
Default assessment, restructuring options, creditor negotiation, board and promoter advisory.
02
Admission & CIRP
Sections 7, 9 and 10 petitions and defences; moratorium; IRP/RP appointment; claims and CoC.
03
Resolution
Resolution plans, bidder advisory, plan approval, avoidance and preferential-transaction applications.
04
Liquidation
Liquidation orders, asset realisation, stakeholder claims, sale as a going concern.
05
Voluntary Liquidation & Winding Up
Section 59 process, Declaration of Solvency, dissolution application, ROC deregistration.
Whom we act for
- Financial and operational creditors
- Corporate debtors and suspended management
- Banks, NBFCs and asset reconstruction companies
- Resolution applicants and prospective bidders
- Resolution professionals and liquidators
- Committees of creditors and individual members
Allied strengths
- Corporate restructuring and compliance
- Moratorium, avoidance and preferential-transaction litigation
- Appeals before the NCLAT and the Bombay High Court
- Company-secretarial and chartered-accountancy support through associates
- Association with IBBI-registered Insolvency Professionals
Reported matters & judgments
Eicher Motors Ltd. v. Ashutosh Ranjit Majumdar
Bombay High Court · 2026An arbitral award founded on material not disclosed to the parties was held to violate the principles of natural justice and was set aside in part. Asahi Legal for the successful Petitioner.
Arch Construction Co. v. Union of India
Bombay High Court · 2026The Court held that an excluded period need not overlap with the limitation period in order to be excluded in the execution of an arbitral award. Adv. Fleur D’Souza, instructed by Asahi Legal, for the successful Applicant.
Vishal Ganpat Shinde v. Union of India
Bombay High Court · 2026A suspended director's writ against an NCLT order was dismissed, the Court holding that once the CIRP has begun the interim resolution professional represents the corporate debtor.
Kisan Moulding Ltd. v. MSEFC, Konkan Thane
Bombay High Court · 2024The Court reiterated that Section 14 of the Limitation Act applies to proceedings under Section 34 of the Arbitration and Conciliation Act. Amit A. Tungare instructing for the Petitioner.
Aziz Amirali Ghesani v. Ibrahim Currim
Bombay High Court · 2022A deposit receipt confirming accounts was held to amount to a written contract, rendering a summary suit maintainable; every partner held jointly and severally liable for acts of the firm. Amit A. Tungare instructing for the Plaintiffs.
02 · Practice area
Real Estate & Redevelopment
Legal advisory for real estate, redevelopment and co-operative housing societies.
Track record
- Resolved several redevelopment matters and brought them to a successful conclusion.
- Legal advisor to over 8 ongoing real estate projects valued at more than INR 5,000 crores.
- Successfully procured deemed conveyance orders for over 150 societies, and advised several societies on redevelopment.
Who we advise
- Co-operative housing societies
- Developers and project proponents
- Individual owners and occupants
Core mandates
- Redevelopment advisory and documentation
- Deemed conveyance proceedings
- Society and title-related disputes
03 · Practice area
Arbitration & Commercial Disputes
Counsel for resolving complex commercial conflicts.
Representation in complex disputes across High Court litigation, arbitration forums, commercial strategy and dispute resolution, guiding clients through contentious, high-stakes matters.
Our expertise
- High Court litigation
- Arbitration forums
- Commercial strategy
- Dispute resolution
Key focus areas
- High Court & appellate litigation
- Domestic & international arbitration
- Corporate & commercial disputes
- Regulatory & insolvency matters
04 · Practice area
Banking & Finance Litigation
Enforcement and recovery for financial institutions and lenders.
Legal services to financial institutions and lenders in DRT proceedings, SARFAESI actions and complex debt recovery, covering enforcement and recovery strategies.
DRT & SARFAESI proceedings
- Debt Recovery Tribunal (DRT) cases
- SARFAESI Act actions & enforcement
- Asset reconstruction & possession
- Resolution of NPAs & loan defaults
Financial institutions
- Bank & NBFC litigation
- Recovery & enforcement strategies
- Security enforcement & auctions
- Insolvency & bankruptcy proceedings
Complex debt litigation
- Recovery of large loan portfolios
- Restructuring & settlement disputes
- Fraud & wilful defaulter cases
- Cross-border enforcement
05 · Practice area
Corporate Advisory & Securities Regulation
Governance, disclosure and regulation, from the boardroom to the regulator.
Corporate advisory
- Corporate governance frameworks
- Board and committee advisory
- Regulatory compliance
- Corporate and commercial disputes
Securities regulation
- Securities law advisory
- Listing obligations and disclosure requirements
- Related-party transactions
- Proceedings before the Securities Appellate Tribunal
The firm is regularly consulted by the financial press on corporate governance and securities regulation, including SEBI’s conflict-of-interest framework, related-party transactions, disclosure obligations, insider-trading enforcement and the governance of family-controlled companies and trusts.
06 · Practice area
Succession Planning & Family Offices
The preservation, transfer and management of family wealth across generations.
Advisory services for the preservation, transfer and management of family wealth across generations, combining legal precision with sensitivity to the personal dimensions of estate affairs.
Key areas of expertise
- Wills
- Trusts
- Probate
- HNI advisory
Setting up family offices
- Holistic setup and management of family offices for high-net-worth individuals, including governance structures, drafting frameworks and the avoidance of common pitfalls.
Tailored solutions
- Customised estate plans and asset protection strategies for high-net-worth individuals and families. Experience in cross-border succession and wealth structuring.
07 · Practice area
Employment & Labour Law
Industrial relations, workforce advisory and the conduct of disputes at the plant.
We advise corporate clients in manufacturing, pharmaceutical, engineering and service sectors across the full range of employment and labour legislation. A substantial part of the work is industrial relations: recognised and rival unions, charters of demands, settlements and plant-level discipline. Where matters turn contentious, the same team carries them through conciliation, the Labour and Industrial Courts and the writ jurisdiction of the Bombay High Court.
Industrial relations & unions
- Union recognition and inter-union disputes
- Charters of demands and collective bargaining
- Long-term settlements and their implementation
- Conciliation proceedings and references
- Strikes, go-slows, gheraos and lock-outs
- Unfair labour practices: MRTU & PULP Act
- Certified standing orders and their enforcement
Employment advisory & compliance
- Employment contracts and conditions of service
- HR policies, codes of conduct and handbooks
- Domestic enquiries, charge-sheets and dismissal
- Retrenchment, closure and transfer of undertaking
- Contract labour and principal-employer exposure
- POSH: policy, Internal Committee and enquiry
- Statutory compliance and the new Labour Codes
Industrial peace is built long before a dispute is referred, and documented so that it holds when it is.
Consultations
Discuss your matter with an advocate.
Consultations are by prior appointment. Our office will confirm a convenient slot.
