Corporate Restructuring & Insolvency

CORPORATE RESTRUCTURING & INSOLVENCY

Insolvency and Bankruptcy had become one of the highest value concerns the Indian economy had been facing for a long time. In order to remove the ancient and archaic nature of laws that existed earlier and recognizing that reforms in the insolvency and bankruptcy regime are critical, the Insolvency and Bankruptcy Code Bill was introduced in November 2015 and later wasnomenclated as the Insolvency and Bankruptcy Code, 2016 (“Code/IBC”).

The revised insolvency and bankruptcy laws now offer a very well thought out and comprehensive approach towards insolvency. This has not only helped the nation bring to forefront the right kind of matters but has also assured of the best possible resolution plans for revival of businesses.

Singh & Singh has acquired a very detailed learning of handling matters relating to distressed assets and corporate restructuring. With the nation’s first ever step of having a dedicated Insolvency and Bankruptcy Code, 2016, the firm has built up a robust practice by advising its clients at various stages of the insolvency process. Our client map ranges from investors to asset reconstruction companies and goes upto fund houses, committee of creditors etc. The advisory under this practice area also includes matters related to applying as financial creditor/operational creditor/corporate debtor and therefore, the firm keeps itself updatedon all the developments of the Code on a regular basis.

The attorneys working on the mandates under this practice area is a very thoughtful blend of talent from banking and finance, corporate M&A and dispute practice. They possess relevant experience in both domestic and international aspects. This has helped the firm pioneer all possible needs that arise out of its vast range of clients across sectors and jurisdictions.

The practice has developed over time by bringing in all possible elements together that are involved in complex restructuring mandates, advisory on mergers, demergers or acquisitions and takeovers, or capital makeover plans and such similar responsibilities which involves corporate restructuring or transactions thereto. There have been serious situations wherein the firm has advised clients regardingamalgamation of companies, de-merger, hiving-off units, detailing arrangements as far as share capital is concerned, assets or liabilities of the company, etc.

Furthermore, the practice has also taken up situations to assist clients in case of re-organization and reconstruction of companies, debt restructuring, and refinancing to formal insolvency procedures such as administration, receivership, voluntary arrangements, liquidation and bankruptcy. The firm has gained sufficient experience and know-how when it comes to advising FIs and other vital stakeholders on recovery mechanisms etc.Whether in anticipation or in dealing with their consequences in industries ranging from retail to FMCG, we have always proven our commitment and relevant showcase of advisory in every situation.

The firm has been representing its clients in a number of contentious disputes arising out of the insolvency process such as unfair preferences, valuation patterns and many such similar mandates.