Insolvency & Bankruptcy

The law governing Insolvency and Bankruptcy in India has evolved significantly, undergoing a paradigm shift over time. Our specialized teams stay abreast of both current developments and anticipated trends in this area. Additionally, we have actively contributed to the policy-making process within this domain.

KLR ,has been at the forefront of the new insolvency law in India, playing a pivotal role in some of the most significant insolvency cases under this framework. The firm continues to be actively involved in shaping the evolving landscape of insolvency law and policy in the country.

Our expertise spans the full spectrum of insolvency matters, from early-stage corporate restructuring—whether through formal or informal procedures—to the revival of distressed businesses, as well as processes involving liquidation and business wind-down. We provide strategic advice at every stage, from pre-insolvency planning to navigating the Corporate Insolvency Resolution Process (CIRP), advising clients such as the Committee of Creditors or Resolution Professionals. Additionally, we assist in the acquisition of stressed assets through the insolvency process.

Our integrated approach comprehensively addresses all aspects of an insolvency matter, including acquisitions, deal structuring, resolution plan drafting, legal due diligence, and coordination with resolution professionals to resolve concerns and clarify queries. We also represent clients before the National Company Law Tribunal (NCLT) on behalf of acquirers, ensuring a smooth and successful resolution of the matter.

KLR, guides its clients towards the most efficient and practical solutions in a wide range of bankruptcy situations, regardless of their complexity or stakes. With extensive experience in representing creditors, distressed corporates, and acquirers in the acquisition of companies through a ‘resolution plan,’ we are well-equipped to support clients throughout the entire process, offering expert guidance at every step.
 

We have extensive experience representing acquirers, stressed asset funds, domestic banks, financial institutions, trading and finance companies, as well as lenders, issuers, and borrowers in a wide range of banking and financing transactions. Our work includes structuring, documenting, and managing recovery litigation, asset control, asset reconstruction, debt recovery, and negotiating both secured and unsecured financing arrangements.

Additionally, we have dedicated resources offering seamless advice on Indian laws, addressing the cross-border aspects of both contentious and non-contentious insolvency matters, formal restructurings, and out-of-court settlements.Our Bankruptcy and Restructuring Practice collaborates closely with other key practice areas within the firm, including Banking & Finance, M&A, Tax, Employment, and Dispute Resolution, to deliver comprehensive solutions. These cover financial restructuring and recovery, insolvency, corporate reorganization, non-performing asset restructuring, creditors' rights, and contingency planning for any related litigation. With our full-service expertise, we are able to provide clients with commercially relevant legal advice and implement effective safeguards to protect their business interests.