Spand Biswal | Partner, SBAC
Spand Biswal | Partner, SBAC
Spand Biswal | Partner, SBAC

Spandan Biswal

Spandan Biswal

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PARTNER

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Spandan is a senior lawyer with nearly 18 years of experience across infrastructure, finance, and insolvency. He was a Partner at Cyril Amarchand Mangaldas, New Delhi (2017–2023) before founding SBAC Law in 2024.

He specialises in restructuring, insolvency, and special situations, advising lenders, committees of creditors, resolution professionals, and bidders in some of India’s largest insolvency cases. He has been closely involved in India’s insolvency regime since its inception, including leading creditor-side work in two of the RBI “Dirty Dozen” cases—Monnet Ispat Limited and Bhushan Power & Steel Limited—handling complex multi-creditor processes, bidder disputes, promoter challenges, and litigation up to the Supreme Court, including the landmark Swiss Ribbons case.

Since starting SBAC Law, Spandan has also advised promoters on defensive insolvency actions and buyers on acquisitions of distressed assets. His experience includes major restructurings, enforcement of security, and asset sales across real estate, power, roads, telecom, and manufacturing sectors.

In addition, Spandan has extensive experience in project finance, infrastructure M&A, and banking and debt capital markets. He regularly advises banks, DFIs, NBFCs, PE funds, and infrastructure companies on financing, M&A, ECBs, structured debt, and marquee debt capital market transactions.

Spandan is a graduate of NLSIU (2007), a Visiting Faculty on Banking Laws at NLSIU (2023–24), and a non-executive director at Supergo Analytics Private Limited.

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The information contained on this website has been made available at the user’s own request for informational and personal/professional purposes only. Nothing on this website shall be construed as solicitation, invitation, or inducement of any kind by the Firm or its members.


The material on this website is not intended to constitute legal advice, nor does accessing or using this website create any lawyer-client relationship. The Firm is not responsible for any actions taken by users based on the information provided herein. Users should seek independent legal advice for any legal concerns or queries.


All content on this website is the Intellectual Property of the Firm.

NON SOLICITATION DISCLAIMER

In compliance with the rules of the Bar Council of India, SBAC Law and the advocates listed on this website, (the Firm) do not solicit work or advertise in any manner. This website is intended solely to provide general information about the Firm, its areas of practice, and its professionals.


The information contained on this website has been made available at the user’s own request for informational and personal/professional purposes only. Nothing on this website shall be construed as solicitation, invitation, or inducement of any kind by the Firm or its members.


The material on this website is not intended to constitute legal advice, nor does accessing or using this website create any lawyer-client relationship. The Firm is not responsible for any actions taken by users based on the information provided herein. Users should seek independent legal advice for any legal concerns or queries.


All content on this website is the Intellectual Property of the Firm.

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NON SOLICITATION DISCLAIMER

In compliance with the rules of the Bar Council of India, SBAC Law and the advocates listed on this website, (the Firm) do not solicit work or advertise in any manner. This website is intended solely to provide general information about the Firm, its areas of practice, and its professionals.


The information contained on this website has been made available at the user’s own request for informational and personal/professional purposes only. Nothing on this website shall be construed as solicitation, invitation, or inducement of any kind by the Firm or its members.


The material on this website is not intended to constitute legal advice, nor does accessing or using this website create any lawyer-client relationship. The Firm is not responsible for any actions taken by users based on the information provided herein. Users should seek independent legal advice for any legal concerns or queries.


All content on this website is the Intellectual Property of the Firm.