RESTRUCTURING & INSOLVENCY

Matters relating restructuring and insolvency are regulated by Insolvency and bankruptcy code, 2016. The code is a watch dog for insolvency and liquidation process and proceedings involving all limited liability entities. Not limited to this the code governs insolvency and bankruptcy proceedings for individuals, partnerships as well. The government has set up a committee for recommendations for the adoption of UNICITRAL Model Law on Cross-Border Insolvency, 1997. Tribunals and authorities handling Insolvency and liquidation proceedings are National Company Law Tribunal (NCLT) National Company Law Appellate Tribunal (NCLAT). The strong expertise in core commercial and corporate laws, coupled with the understanding of various business sectors enables the firm to deliver holistic and effective guidance to the Clients.
Our firm expertise cover legal as well as commercial advice in the matters relating insolvency, settlements and restructuring, negotiations. We represent our clients before NCLT, NCLAT, High Courts and Supreme Court of India. Specifically, the team has rendered advisory and consultancy services to creditors on various potential issues that could arise as a result of an interplay between the Code and other applicable laws. The team has also initiated insolvency resolution process and sought relief before the NCLT on behalf of various Clients. The team supports with a strategic combination of advisory and litigation throughout the course of the insolvency proceedings to our Clients in order to safeguard their financial interests. The team is also well-positioned to deliver strategic advice to asset reconstruction companies. The team aids and guides in the assessment of assets and liabilities of a stressed company and accordingly advises the risk involved in taking over businesses of stressed companies undergoing resolution process.