In a progressive and developing economy, there are businesses that do well and some others that face challenges. Debt recovery and debt restructuring are critical in an economy like India and have a huge impact on sustained economic growth. The enactment of the Insolvency and Bankruptcy Code, 2016 (Code) marks a landmark change in the debt recovery and restructuring process in India. The Code promises to systematically strategize the debt of the corporates as well as individuals including partnership firms.
Our Insolvency and Restructuring team has members who are experienced, innovative and hands on. The team effectively combines expertise from the firm's corporate (M&A), dispute resolution (international and domestic), the banking and finance, real estate and employment practice. To ensure seamless and integrated service to its clients our team works closely with external advisors involved in the restructuring and insolvency process.
The firm's commercial perspective on legal issues and ability to foresee issues owing to its varied experience allows the team to work closely with clients to provide commercially pragmatic solutions in quick timelines.
The team recognizes that there are situations where a distressed business can be revived and restructured to enhance value. Efforts are channelized towards advising on ways to maximize debt recovery and preserve the value of the business. In some situations, debt restructuring is not possible for various reasons and the team then works towards formulating strategies and handholding the client through the insolvency process.
The firm specializes in complex restructuring (contentious and non-contentious) and advisory work. We have the experience of advising promoters, guarantors, creditors, insolvency professionals in restructuring and insolvency proceedings.
The team has the experience of representing clients before NCLT, NCLAT, DRT, DRAT, SARFESI, various high courts and the Supreme Court.