Financial distress demands swift and strategic action to maximise recovery, mitigate risks, and explore restructuring options before insolvency becomes inevitable. Early intervention can help businesses regain liquidity, right-size operations, and position themselves for future growth. Timely legal advice is crucial to navigating cash flow challenges and fulfilling directors’ duties effectively.

Our Insolvency & Bankruptcy team provides expert guidance to creditors, debtors, and investors, handling restructuring, refinancing, turnaround strategies, and formal insolvency proceedings. We specialise in matters under the Insolvency and Bankruptcy Code, 2016 (IBC), representing creditors, acquirers, resolution professionals, and liquidators in high-profile cases.

As a leader in India’s evolving insolvency framework, we are at the forefront of shaping jurisprudence under the IBC. Our practice integrates seamlessly with Finance, M&A, Projects, Dispute Resolution, Employment, and Tax, enabling us to address complex restructuring challenges holistically. Whether advising on out-of-court settlements, bond restructurings, or insolvency litigation, we deliver strategic, innovative, and commercially viable solutions. 

What we work on
  • Advisory – advice to boards (director advice and assistance), stakeholders or creditors (secured preferential and unsecured) concerned about financial stress or distress
  • Restructuring – options advice and execution, rescue and reorganisation and contingency planning
  • Finance and security (including refinancing, the taking and enforcement of security and priority issues)
  • Pre-pack and other insolvency sales and purchases (of assets and/or businesses) and bespoke agreements with creditors (standstill agreements and restructuring agreements), landlords (to vary leases, enter into licences or assign leases) and in relation to intellectual property and data.
  • Formal insolvency process (personal and corporate), restructuring plans and moratoriums and schemes of arrangement as well as variations to arrangements with secured lenders and investors, employee engagement and redundancies and company voluntary arrangements, individual voluntary arrangements, negotiation with creditors and preservation and enforcement of contractual and legal rights and remedies before or after formal insolvency (including reservation of title and liens).
  • Advice on the bringing and defending of statutory demands and petitions and set aside of demands or staying advertisements of winding up petitions, validation orders and restoration to Register of Companies or rectification applications. Creditor claims and proofs of debt, admission and rejection of proofs and voting and dividend issues and advice.
  • Disputing debt and damages claims, commercial litigation and shareholder disputes.
  • Bringing or defending claims brought by office-holders for preferences, transactions at undervalue, unlawful dividends, breach of duty/misfeasance, transactions defrauding creditors, mis-use of prohibited names claims, director loan account claims and the like.
  • Defending Directors Disqualification Act claims and applications for leave to continue to be involved in the formation, promotion and/or management of a company.
  • Bringing or defending fraud and asset-tracing claims both in the jurisdiction and in other jurisdictions for the recovery of assets or money (including crypto-assets).
Who we work with
  • Insolvency Practitioners
  • Banks and alternative funders;
  • Corporates (including LLPs, partnerships and overseas entities)
  • Individuals and professionals
  • Trusts including offshore entities (and Employee Ownership Schemes)
  • High net worth and other non-institutional investors
  • Directors
  • Shareholders
  • Creditors (secured, preferential, unsecured)
  • Private equity and venture capital investors (including distressed funders)
  • Asset tracing professionals and forensic accountants
  • Charities and education providers