UK firm hires Indian insolvency specialist

0
27
insolvency
Kanika Kitchlu-Connolly

UK firm TLT has appointed Kanika Kitchlu-Connolly as a partner specializing in Indian insolvency issues and the enforcement of Indian debt recovery judgments in the UK.

Kitchlu-Connolly will work in the firm’s banking and restructuring team in London.

“With cross-border collaboration already provided for in the IBC [insolvency and bankruptcy code] and firmly on the Indian government’s agenda, it is clear that there will be increased scope for working with Indian clients on the recovery of larger loan portfolios spanning several jurisdictions,” said Kitchlu-Connolly on opportunities that the firm sees in India in the insolvency area.

Her experience includes advising insolvency practitioners, directors, and boards of directors on contentious insolvency, advisory and general commercial litigation matters. She also advises on fraud and asset recovery, often with international and cross-border elements.

Kitchlu-Connolly has previously worked at Gowling WLG and Taylor Wessing. She was among the first of foreign lawyers to be invited to present to the Insolvency and Bankruptcy Board of India, and appeared before the body in November 2018 to present on the issue of personal insolvency.

The firm is acting for a consortium of 13 Indian banks led by State Bank of India, in the enforcement of a £1.1 billion (US$1.4 billion) Indian debt recovery judgment in England & Wales against former Kingfisher Airlines chief Vijay Mallya.

TLT is also representing the Indian government over the decades-old legal dispute with Pakistan involving £35 million belonging to the Nizam of Hyderabad at the time of the partition, and deposited in a London bank account.