Practice Area

Overview:
Our highly qualified, innovative and experienced team includes lawyers, chartered accountants, MBAs with specialized knowledge and experience in insolvency resolution and the Insolvency & Bankruptcy Code 2016. The firm understands that there are situations when a distressed business can be rescued, rehabilitated or reorganized, and when liquidation is the best alternative, to ensure value enhancement for the stakeholders, in defined timelines.

Our team helps maximize recovery, protect business or investment, preserve critical relationships and minimize write-offs. However, if a client’s distressed situation is not resolved through a recovery platform, then we further work to formulate strategies that can guide the clients through the process of insolvency resolution. We have advised on some of the largest and most complex restructurings, and pride ourselves on providing out of the box solutions as well as real commercial results.

To provide a seamless and integrated service, the firm works closely with specialists in related practice areas including finance, corporate, real estate, employment, pension, tax, environment, regulatory, capital markets and litigation. We represent lenders and investors on a wide range of issues including exit strategies, refinancing, debt restructuring and investment in distressed assets.

Our clients include lenders and investors at all levels of the capital structure, defaulting companies, promoters / directors, financial and operational creditors, Creditor Committees (COC), insolvency professionals, liquidators, stakeholders committees, trustees and government institutions.

Our expertise covers legal and commercial advice on matters including:

• Corporate Restructuring based on Mergers/Amalgamation/ Demergers/ Hive off/Take over/Acquisitions etc
• Financial Restructuring of Debts Reorganization through RBI circulars & Insolvency and Bankruptcy Code2016 (IBC 2016);
• Individual & Corporate Insolvency / advising on Cross Border Insolvency/Group Insolvency;
• Acting as Lawyers/Advisors to RP/COC/Liquidator and Representation before NCLT/NCLAT/High Courts and Supreme Court of India;
• Formulating Resolution Plans for prospective Resolution Applicant;
• Verification of Claims, Due Diligence u/s 29A, drafting Evaluation Matrix, RFRP etc.
• Analysis of Resolution Plans in terms of compliance with provisions of IBC 2016.
• Identifying strategic investors /Prospective Resolution Applicants;
• Debt Acquisition through an Asset Reconstruction Companies/ NBFCs and devising an efficient and viable restructuring model;
• Formal insolvency/ liquidation / bankruptcy filing and conducting proceedings before the court (NCLT/DRT) through Insolvency and Bankruptcy Code 2016;
• Debt Recovery Tribunal (DRT) including SAs under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI);
• Legal & Transactional Due Diligence;
• Liquidations under IBC 2016 & Voluntary Liquidations;
• Facility, Security and Credit Support Reviews for Lenders and Borrower Groups.