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The magazine notes that TLT has “cultivated strong relationships with the majority of public sector and private Indian banks in the past three decades”.
The report also comments on the fact that TLT has expanded its reach in the region, advising clients on a wide range of matters from corporate lending, refinancing, financial crime and outsourcing to data protection, payment fraud, restructuring and insolvency and regulatory matters.
In the past year, TLT has acted on two of the largest ever debt recovery actions brought by Indian banks, including a US$239m case for IDBI Bank and the continued enforcement of a £1.145bn judgment against high profile Indian businessman Vijay Mallya for a consortium of 13 clients.
Kanika Kitchlu-Connolly at TLT says: “We have a long history of acting for the Indian banks on both domestic and cross-border matters and have demonstrated time and again that there can be recourse for their debt recovery issues through the courts outside of India, including in the UK and beyond.
“India is a key part of our international growth strategy and we continue to increase the number of mandates we are actively engaged on whilst also broadening the areas of work undertaken.
“It’s a great honour to continue to be globally recognised as a leading regional and specialist law firm by India Business Law Journal and this is a great testament to our dedicated and growing team. We look forward to continuing this momentum and responding to clients’ needs.”
In June 2021, TLT announced the appointment of Anand Verma as a banking and finance lawyer (Indian qualified) in London, joining from IndusLaw.
02 September 2021
News 23 MAY 2022