Restructuring & Insolvency
An effective and fast insolvency procedure allows businesses to be sold/wound down while there is value remaining in the business, allowing for maximized recovery and better addressal of interests of various parties involved.
With the above objective, India notified the Insolvency & Bankruptcy Code, 2016. Prior to the enactment of the Code, insolvency & bankruptcy of individuals, firms or corporations in India was governed by a multi layered process which was stipulated under several legislations resulting in adjudication before multiple fora and eroding the economic value of the company. The Code is a big step towards strengthening investors’ confidence in the Indian debt market.
We act for local and international clients in debt recovery, restructuring and insolvency matters. We have a dedicated team which keeps abreast with the latest legal developments in the insolvency resolution regime. Sound and effective insolvency resolution advice involves integration of experience and knowledge and our robust litigation and banking practice enables us to cater to the needs of corporate creditors, resolution professionals, banks and agencies lending funds, investors including financial investors and corporate debtors on debt restructuring, rescheduling and formal insolvency procedures.