Samvad Partners Advised Financial Creditors In Resolving Allied Strips’ ₹216 Cr Debt

May 5, 2025

Samvad Partners’ Insolvency and Disputes Team, led by Partner Ankur Singh, successfully advised and acted for EAAA India Alternatives Limited and Vistra ITCL (India) Ltd., financial creditors to Allied Strips Ltd.

A substantial debt of over 216 cr. was resolved as Allied Strips was acquired by Jindal Steel through its subsidiary Jindal Steel Odisha for Rs.217.53 Cr. This was a direct result of legal actions initiated against Allied Strips and its personal guarantors under the Insolvency and Bankruptcy Code.

Ankur Singh

Manufacturing

Restructuring & Insolvency

The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at connect@thedealmatter.com mentioning your firm’s name, lawyers involved (including designation) and client represented.