Alok Dhir

Managing Partner at Dhir & Dhir Associates

Location:
Defence Colony, New Delhi, NCT, India
Company:
Dhir & Dhir Associates
Wrong Alok Dhir?

Last Updated 7/20/2017

General Information

Employment History

Director  - JK Cement Ltd

Beneficial Owner  - Turnaround Consultants Private Limited

Education

Bachelor of Laws degree  - Delhi University

Affiliations

Board Member  - INSOL India

Founder  - IRR Insolvency Professionals Private Limited

Member  - Federation of Indian Chambers of Commerce and Industry

Member  - AAIFR/BIFR Bar Association of India

Member  - Indo-American Chamber of Commerce

Member  - ASSOCHAM

Member  - CII

Member  - PHD Chamber of Commerce

Member  - Indian Council of Arbitration

Member  - Core-Group

Member  - Working Group

Member of the Grievance Redressal Committee  - The ICSI Insolvency Professionals Agency

Member of the Rules Formulating Committee  - NCLT

Web References  

Ruias want to pay up, retain bidder slot for Essar Steel

"According to the clarification issued by the government, any company or promoter which has paid its dues to the banks can participate in the bidding process - provided the banks have not recalled the entire loan," said Alok Dhir, managing partner of Dhir & Dhir Associates.
"The committee of creditors will prefer the best offer for them and even if the process of calling expression of interest is over, it can seek the best financial deal for them (lenders)," he added.

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Insolvency and Bankruptcy Code - Testing the Code in courts - BDO

"The Code is as litigation-prone as any other new law," says Alok Dhir, managing partner, Dhir & Dhir Associates.
Lawyers say this is more so as the Code deals with the commercial and conflicting rights and obligations of contesting parties. "It provides for change and modification of rights and claims of stakeholders, takeover of management from existing promoters, change of management, liquidation, among others," Dhir says. "If they follow the spirit of the code and allow the commercial will of the creditors to prevail, the litigation risk will reduce," says Dhir.

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INSOLINDIA

Alok Dhir
Founder and Managing Partner, Dhir & Dhir Associates

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