Lalit Munshi is a Partner at SAMVAD Partners and a dispute resolution lawyer with over eight years of experience advising and representing clients in complex civil and commercial litigation, arbitration (domestic and international), insolvency and bankruptcy proceedings, securities disputes, and white-collar crime. He is known for his strategic approach and practical understanding of dispute dynamics across industries.
Lalit has advised multinational corporations, financial institutions, public sector undertakings, and high-net-worth individuals in high-value disputes involving commercial contracts, shareholder and joint venture issues, regulatory investigations, enforcement proceedings, and insolvency litigation under the Insolvency and Bankruptcy Code (IBC). His sectoral experience spans construction, aviation, banking and finance, hospitality, IT, infrastructure, energy, steel, consumer goods, sports, and media.
He regularly appears before the Bombay High Court, the National Company Law Tribunal (NCLT), the National Company Law Appellate Tribunal (NCLAT), the Securities Appellate Tribunal (SAT), City Civil and Sessions Courts, and arbitral tribunals. Lalit is also an active contributor to legal thought leadership through his publications on dispute resolution, insolvency law, and securities regulation.
Lalit holds a law degree from G.J. Advani Law College, Mumbai (2017) and is admitted to practice law in India. In his spare time, he enjoys playing tennis and travelling.
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The Supreme Court holds that ‘inherent powers’ of the National Company Law Tribunal and the National Company Law Appellate Tribunal cannot be invoked to deviate from the exhaustive legal provisions available under the Insolvency and Bankruptcy Code for withdrawal of proceedings.
The clause of the unilateral appointment of an arbitrator goes fundamentally against the well-known principle of "A man cannot be appointed as a judge in his own cause".