Prachi Dave


Prachi is the Managing Partner at Dhaval Vussonji & Associates. She regularly advises banks, funds, real estate conglomerates on vanilla loans, mezzanine funding, structured finance and debt securities. Her deep understanding of how the banking and financial services sector operates in India, and how money lending laws tie in with prevalent regional market practices, is sought after by leading financial institutions and borrowers alike. Prachi has also been involved in advising various capital market transactions such as initial public offerings, buy back issues, FCCB issues and open offer for takeovers. She has led the way in paving the practice area of insolvency resolution including being involved in the insolvency resolution for Binani Cements, Bharati Shipyards and others.


  • B.L.S LL.B, Bombay University
  • Advocate, Bar Council of Maharashtra
  • Solicitor, High Court, Bombay


  • Banking and finance
  • Capital markets
  • Mergers and acquisition
  • Private equity and restructuring

Representative Matters

Prachi has been advising several market players stuck due to the restrictive regulatory framework applicable to financial institutions along with the lack of expertise in undertaking actual construction related activities, in the way forward in the recent legislation sought to be introduced by the Slum Rehabilitation Authority, whereby the Government of Maha has proposed the completion of the stalled projects in conjunction with the lenders/ mortgagees in the said projects.  It was a moment of pride when through a follow-up clarification , the Government itself had formally proposed the structure devolved by Prachi. Another clear victory was the positive outcome in writ petitions which were filed in related matters where the Bombay High Court has also issued directions to consider the applications being filed in this manner.
  • Advised Bharati Shipyards Ltd., a public listed company from time to time for all their matters including drafting and negotiating of shipbuilding contracts, restructuring of the contracts in case of default, advising on the extant foreign exchange laws, takeover of other listed companies like Great Offshore Limited and Tebma Shipyards limited.
    Finally representing the promoter directors of Bharati Shipyards Ltd. in the insolvency proceedings.
  • Assisting and advising Shapoorji Pallonji in their title diligence of 900 Acres of land near Pune and issuing title report extending into several hundred pages with detailed tracing of title of each gat number forming part of the said 900 Acres. Advised the lender’s in the best manner to secure the property for the repayment of the dues bearing in mind the unique issues pertaining to agricultural land, floating FSI, land holding and aggregation issues, etc.
  • Advised Shapoorji Pallonji on their power projects in Africa, this included EPC Contracts, Power Purchase Agreements and similar documentation work.

Legal Disclaimer

User Acknowledgement

By proceeding further and clicking on the “AGREE” button herein below, I acknowledge that I of my own accord wish to know more about Dhaval Vussonji & Associates for my own information and use. I further acknowledge that there has been no solicitation, invitation or inducement of any sort whatsoever from Dhaval Vussonji & Associates or any of its members to create an Attorney-Client relationship through this knowledgesite. I further acknowledge having read and understood the Disclaimer below.


This knowledgesite ( is a resource for informational purposes only and is intended, but not promised or guaranteed, to be correct, complete, and up-to-date. Dhaval Vussonji & Associates (DVA) does not warrant that the information contained on this knowledgesite is accurate or complete, and hereby disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.

DVA further assumes no liability for the interpretation and/or use of the information contained on this knowledgesite, nor does it offer a warranty of any kind, either expressed or implied. The owner of this knowledgesite does not intend links from this site to other internet knowledgesites to be referrals to, endorsements of, or affiliations with the linked entities. DVA is not responsible for, and makes no representations or warranties about, the contents of Web sites to which links may be provided from this Web site.

This knowledgesite is not intended to be a source of advertising or solicitation and the contents of the knowledgesite should not be construed as legal advice. The reader should not consider this information to be an invitation for a lawyer-client relationship and should not rely on information provided herein and should always seek the advice of competent counsel licensed to practice in the relevant country/state. Transmission, receipt or use of this knowledgesite does not constitute or create a lawyer-client relationship. No recipients of content from this knowledgesite should act, or refrain from acting, based upon any or all of the contents of this site.

Furthermore, the owner of this knowledgesite does not wish to represent anyone desiring representation based solely upon viewing this knowledgesite or in a country/state where this knowledgesite fails to comply with all laws and ethical rules of that state. Finally, the reader is warned that the use of Internet e-mail for confidential or sensitive information is susceptible to risks of lack of confidentiality associated with sending email over the Internet.