Kalpit Khandelwal

Partner | New Delhi

Professional Summary

Primary Practice

Honours & Awards

Professional Memberships

Education

B.L.S.LL. B, Government Law College, Mumbai (2012)
Company Secretary (2012)
Master’s in business laws, National
Law School of India University, Bangalore (2013)
Post Graduate Diploma in
Securities Law, Government Law
College, Mumbai (2011)

Contact

Kalpit Khandelwal

Introduction

Kalpit is a Partner at Aekom Legal and a seasoned transactional lawyer with over 13 years of experience across corporate, commercial, foreign investment, and securities law. He has particular depth in insolvency and restructuring, having advised resolution applicants, resolution professionals, and financial creditors across multiple high-profile insolvency matters spanning pharmaceuticals, hospitality, manufacturing, and food processing.

Beyond insolvency, Kalpit advises on mergers and acquisitions, inbound and outbound investments, private equity, joint ventures, capital markets, and corporate restructuring. He represents a diverse clientele including domestic and international corporates, private equity funds, angel investors, and start-ups across sectors.

Representative Matters

Insolvency & Bankruptcy

Represented Patanjali Ayurveda in acquisition of Patanjali Foods (earlier Ruchi Soya) under CIRP process of IBC.
Represented Dhanuka Laboratories in acquisition of Orchid Pharma under CIRP process of IBC.
Represented Eros Group in acquisition of James Hotel as a going concern under liquidation regulations of IBC.
Represented Deepak Industries for acquisition of Lotus Auto Engineering, a subsidiary of Amtek Auto, as a going concern under liquidation regulations of IBC.
Represented Anirudh Agro in acquisition of Viceroy Hotels under CIRP process of IBC.
Advised Atyant Capital India Fund on the acquisition of JEKPL Private Limited.
Advised Arr Ess Manufacturing on the acquisition of SEL Manufacturing Limited under the CIRP process of IBC.

Mergers & Acquisitions

Represented Amber Enterprises in acquisition of Sidwal Refrigeration, Pasio, Pravartaka, Il Jin Electronics and Ever Electronics.
Advised ILJIN Electronics on its acquisition of Shogini Technoarts, a leading PCB manufacturer, on the acquisition of a controlling stake in Unitronics, a publicly listed Israeli company, and on the acquisition of Ascent Circuits.
Advised founders of Integris Medtech in cross-border share-swap acquisition of Everlife Holdings, a Singapore-based clinical diagnostic solutions company.
Represented Dr. Ritesh Malik and other shareholders of Innov8 in selling their 100% stake to OYO.
Advised Aisan Industry, Japan, on acquisition of Fuel Pump Module business from Denso Corporation.
Represented shareholders of SVG Media in selling their 100% stake to Dentsu under an earnout structure.
Advised Jindal Poly Films on acquisition of JPF Netherlands Investment B.V. from Topaz Enterprise DMCC.
Advised Busy Infotech on its acquisition by IndiaMart, a public listed company.
Represented Lemon Tree Hotels in acquisition of Blue Keys Hotels.
Represented Modern Steels Limited in the divestment of its auto-component business to ADV Partners.
Advised IL Jin Electronics on its strategic joint venture with Korea Circuit Co., South Korea, for setting up a high-end PCB manufacturing facility in India.
Advised an Amber Enterprises company on its strategic joint venture with Yujin Machinery, Korea, for setting up a railway components manufacturing facility in India.
Advised the Rich Earth group companies on multiple joint ventures with AMPS EPC for execution of various HPCL gas and oil pipeline projects.
Advised Sidwal Refrigeration Industries in the establishment of a strategic alliance with Titagarh for equal control in a new railway components business and additional equity investment in Firema (Italy).
Advised IL Jin Electronics on raising approximately INR 1,750 crores from ChrysCapital, Incred, Axis, Motilal Oswal and Avendus.
Advised founders of Integris Medtech in raising around INR 350 crores from 50+ HNIs as part of pre-IPO placement.
Advised Bajaj Motors Limited on its investment in Green Tiger Mobility Private Limited.
Advised HR Offshoring Ventures on minority investment in Hector Beverages (Paper Boat and Tzinga).

Banking, Finance & Securitisation

Advised Clearmedi Healthcare in securing loan facilities from IndusInd Bank Limited amounting to INR 151 Crores.
Advised Patanjali Ayurved Limited in raising INR 3,000+ crores from consortium of lenders.

Real Estate & Infrastructure

Advised Quattro Group on its 100% acquisition of Concepts Tech Park from Blackstone, acquisition of ASF Towers at Udyog Vihar, Gurugram and Symphony Tower in Noida.
Advised Amber Enterprises on multiple real estate acquisitions including prime commercial space in Universal Trade Tower, Gurugram.
Advised RSRN Family Trust, family trust of promoters of Ceigall, on land acquisition from Vinayak Towers.

Publications

“Evolving Investment Landscape – India Permits Cross-Border Equity Swaps” – Corporate Law Adviser, Oct 2024, by CS Kalpit Khandelwal and Ms. Sayyeda Saniya [2024] 182 CLA 9(Mag.) 21-187.