Dhir & Dhir Associates represents UB Engineering Ltd (UBEL), part of the Vijay Mallya-owned UB Group in a legal battle of insolvency. The CIRP was filed by the corporate debtors-UB Engineering Ltd and represented by Mr. Alok Dhir, Managing Partner, Dhir & Dhir Associates, who argued the case before the NCLT (Mumbai) in January, 2017. The ICICI’s (Corporate Creditor) CIRP was first admitted by NCLT and this one is also first in terms of CIRP admission by Corporate Debtor. With the enforcement of the Insolvency and Bankruptcy Code 2016, this is the first time these cases have been accepted by the NCLT under the new law.