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Restructuring & Insolvency

PRICUS has significant experience in handling high profile corporate insolvency and bankruptcy matters.

Our practice includes the following:

  • Formulation of strategy in line with the legal and regulatory framework, Preparation of schemes & legal representation in courts & tribunals. 
  • Advisory on the Insolvency and Bankruptcy Code, 2016 including the restructuring and insolvency process contemplated therein.
  • Drafting, negotiating and finalizing relevant transaction documents, including applications, petitions and resolutions.
  • Advice on informal restructuring driven by lenders under the regulatory framework of the Reserve Bank of India, including Corporate Debt Restructuring (CDR), Joint Lenders Forum (JLF), Strategic Debt Restructuring (SDR), Scheme for Sustainable Structuring of Assets (S4A) etc.
  • Drafting, negotiating and finalizing restructuring plans and transaction documents, including Master Restructuring Agreements, Debtor Creditor Agreements and Inter-Creditor Agreements.
  • Advice and assistance in structuring and implementing an exit strategy for investors from stressed assets, including under a strategic sale, demerger, slump sale and auction. 
  • Structuring a divestment and exit strategy.
  • Drafting, negotiating and finalizing relevant transaction documents.

Advice and assistance to directors and key managerial personnel on their liabilities and obligations arising out of a restructuring and formal and informal insolvency processes.

  • Advice and assistance in enforcing and implementing security mechanisms available to lenders under the legal, regulatory and policy framework, including the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Insolvency and Bankruptcy Code, 2016.
  • Strategy and advice on various modes of security enforcement, including enforcement action(s) as per the requirements of the client.

Advice and assistance in the liquidation process available to debtors under the legal, regulatory and policy framework, including the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016.

  • Representing clients before various courts, tribunals and judicial and quasi-judicial authorities.
  • Advice and assistance in formulating and structuring strategies for litigation and dispute resolution.
  • Advice and assistance in strategizing, drafting, negotiating and finalizing documents for litigations & dispute resolutions, including applications, petitions, settlements and compromises.
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