Kiran Phansalkar is a veteran lawyer whose broad-based litigation and commercial law practice encompasses the areas of complex business litigation, bankruptcy and creditor rights, and business transactions. Respected for his temperament and proven ability to understand and resolve complex business issues, he has also served as a mediator in a number of cases involving a variety of commercial disputes.
Over the course of his extensive career as a trial lawyer, Kiran has successfully represented public and privately held companies, real estate developers, oil and gas companies, institutional lenders and business entrepreneurs in all forms of contract disputes, large financial institutions in cases against sellers of mortgage loan portfolios, and REIT’s conduit and traditional lenders in complex foreclosure matters throughout the region. He has also become one of the leading experts in non-judicial foreclosures of commercial properties on behalf of these same lenders. His experience includes successfully arguing cases before the Fifth and Tenth Circuit Courts of Appeals.
In the area of bankruptcy and creditor rights law, Kiran has represented secured mortgage lenders, venture capital companies, receivable financiers, significant unsecured creditors, general trade creditors, and other creditors in bankruptcy courts across the country. He has also been appointed by various bankruptcy courts to represent creditors’ committees and bondholder committees in commercial chapter 11 reorganization cases. As a result of his extensive work in these related areas, he has developed an expertise in advising and representing clients on loan workouts and debt restructuring matters.
Kiran’s broad-based experience includes business transactions, with an emphasis on the real estate and development industry. In addition to representing clients in the acquisition and sales of income-producing properties, he has also represented developers, as well as institutional and private equity lenders, in commercial real estate transactions throughout the Southwest.
Kiran’s achievements have earned him recognition in the Chambers USA Guide to America’s Leading Lawyers for Business, The Best Lawyers in America (bankruptcy and creditor debtor rights/insolvency and reorganization law, bankruptcy litigation, land use and zoning law, real estate law, real estate litigation), and Oklahoma Super Lawyers, where he has been named to its list of “Top 50 Oklahoma Lawyers” every year since 2022. In the Oklahoma City market, Best Lawyers named him as “Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Lawyer of the Year” for 2027; “Real Estate Litigation Lawyer of the Year” for 2014, 2023 and 2025; “Land Use & Zoning Lawyer of the Year” for 2018, 2022 and 2024; and “Real Estate Lawyer of the Year” for 2016.
Kiran is also a Senior Fellow of the Litigation Counsel of America, a trial lawyer honorary society dedicated to promoting superior advocacy, professionalism and ethical standards among its fellows, and a Barrister of the LCA’s Order of Veritas.
In addition to his private practice, Kiran previously served as an adjunct professor of civil procedure at the Oklahoma City University School of Law.