Kochhar & Co. Advises Agrawal Infrabuild on ₹1,200 Crore Resolution Plan for Ludhiana Talwandi Toll Roads

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Published 22 October 2026

Statutes: Insolvency and Bankruptcy Code, 2016
Source: Bar & Bench

Bottom Line Up Front (BLUF)

Kochhar & Co. successfully advised Agrawal Infrabuild Private Limited in submitting a ₹1,200 crore resolution plan for Ludhiana Talwandi Toll Roads Limited, a company undergoing corporate insolvency resolution process. This engagement highlights the firm's expertise in complex insolvency and restructuring matters under the Insolvency and Bankruptcy Code, 2016.

Ratio Decidendi · Legal Principle Established

This news report does not contain a judicial decision or legal ruling. It reports on a legal advisory role in a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Therefore, no ratio decidendi is applicable.

Practice & Procedural Impact for Advocates

Advocates involved in corporate insolvency resolution processes (CIRP) should note the increasing complexity and scale of resolution plans. Expertise in financial restructuring, due diligence, and negotiation is crucial for successful submissions. Litigants considering acquiring distressed assets via CIRP should engage counsel with strong transactional and regulatory knowledge.

Key Legal Takeaways

1Kochhar & Co. advised Agrawal Infrabuild on a significant resolution plan.
2The resolution plan was for Ludhiana Talwandi Toll Roads Limited, under CIRP.
3The plan's value was ₹1,200 crore, indicating a large-scale insolvency resolution.
4This demonstrates active participation in the Indian insolvency market.

The Legal Issue This report concerns a significant development in a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). Agrawal Infrabuild Private Limited, advised by Kochhar & Co., submitted a resolution plan for Ludhiana Talwandi Toll Roads Limited, a company undergoing insolvency proceedings. The core legal issue in such scenarios revolves around the formulation, submission, and approval of a resolution plan that maximizes the value of the corporate debtor's assets and addresses the claims of its creditors, as mandated by the IBC.

Court's Reasoning As this is a news report about a legal advisory role and not a judicial decision, there is no court's reasoning to analyze. The process of submitting a resolution plan is governed by the procedural and substantive provisions of the IBC, particularly those related to the duties of the Resolution Professional, the Committee of Creditors, and the requirements for a valid resolution plan. The ultimate approval of such a plan rests with the Committee of Creditors and subsequently the National Company Law Tribunal (NCLT).

Why It Matters This event is significant for the Indian insolvency landscape. It highlights the continued activity in the resolution of distressed assets through the IBC framework, even for large-scale infrastructure projects like toll roads. For legal practitioners, it underscores the demand for specialized expertise in insolvency and corporate restructuring. The successful submission of a ₹1,200 crore resolution plan by Agrawal Infrabuild, with legal guidance from Kochhar & Co., demonstrates the complexity and high stakes involved in navigating the CIRP. It also signals potential opportunities for investors looking to acquire and revive companies under insolvency, provided they have robust legal and financial advisory support.