(Bloomberg) — The three lawyers who resolved India’s largest bankruptcy case last year are using their elevated professional standing to address a different problem: not enough women in the bar.
The protracted legal tangle between Essar Steel India Ltd. and ArcelorMittal, laid to rest last year, was India’s largest bankruptcy case by the amount of debt owed and recovered — a whopping $5.6 billion. Acting for the lenders was Misha, who goes by one name. Ruby Ahuja drove ArcelorMittal to acquire the bankrupt steel mill, and Shally Bhasin represented some vendors and creditors seeking dues from Essar Steel.
Photographer: Ruhani Kaur/Bloomberg
The landmark final ruling ended tycoon Lakshmi Mittal’s long wait to enter the world’s second-biggest steel market. It also empowered Indian banks with the legal authority to set the terms of the