The Insolvency and Bankruptcy Code, 2016 was a reform that was required in India. Prior to the same, there were no laws and thus, no streamlining of the procedure regarding insolvency and bankruptcy.
The Insolvency and Bankruptcy Code (IBC) came in and rescued the debtor-creditor relationship. It merged various legislations into one cohesive code and reversed the damage done by the piling up of non-performing loans and prolonged dissolution processes. IBC provides a time-bound solution to insolvency and makes sure all parties are looked after.
We, offer our expertise in the following areas:
- Advise on the large and complex restructurings of distressed assets
- Advise on contingency planning
- Advise on debt restructuring
- Advise on distressed acquisitions/sales
- Advise on credit bidding
- Formal insolvency proceedings
- Out-of-court refinancing
- Advise on distressed debt trading
- Advise on exit strategy
Our clients include a wide range of lenders and investors at all stages of the capital structure such as central banks, insolvency officeholders/trustees, and government institutions.
We ensure that in such matters our team works closely with specialists such as those in areas including capital markets, finance, tax and regulatory to present the best solutions for our clients.