Restructuring, Special Situations and Insolvency
Our team has exceptional proficiency in acting on high-value corporate and debt restructurings, distressed assets, complex insolvencies and other special situations.
Our experienced team of 75+ lawyers regularly advises global private funds, banks, financial services providers, and international corporations on special situations, distressed debt and equity transactions, portfolio transactions, mezzanine debt financing, structured financing, restructuring, advising creditors at various stages of stress and submission of corporate insolvency resolution plans. We provide clients with end-to-end solutions across the capital structure, from early detection of stress to restructuring under court-supervised/informal processes and bankruptcy/liquidation.
We pride ourselves on being a solution-oriented practice that is creative, commercially driven, strategic, and practical in approach. We also represent our clients before all courts and tribunals. We work closely with our Litigation team comprising 100+ lawyers and with other distinguished legal practitioners to pursue the best outcomes. We advise clients on unique enforcement/recovery strategies with added focus on maximum commercial recovery within the least possible timelines.
Our Partners have been routinely awarded for their work on some of the most complex restructuring and insolvency transactions and situations over the past few years. We are recognised as a leading practice by IFLR1000, GRR 100 (for cross-border restructuring and insolvency), Chambers and Partners, Indian Business Law Journal (IBLJ), and ALB India. Our lawyers have also won several individual recognitions for their expertise.
Select Representative Experience/Clients
- Assisted Piramal Capital and Housing Finance Ltd with the submission and implementation of its resolution plan for Dewan Housing Finance Corporation Ltd
- Assisted Oaktree Capital Management (UK) LLP with the submission of its resolution plan for Dewan Housing Finance Corporation Ltd
- Assisted China Development Bank, Industrial and Commercial Bank of China and Export Import Bank of China with the restructuring of their exposure as part of the corporate insolvency resolution process of (i) Reliance Communications Ltd, Reliance Infratel Ltd, Reliance Telecom Ltd and Reliance Communications Infrastructure Ltd; and (ii) the Aircel Group
- Advised Etihad Airways PJSC in connection with the corporate insolvency resolution process of Jet Airways Ltd
- Advised Power Finance Corporation Ltd, in the insolvency resolution proceedings of KSK Mahanadi Power Corporation Ltd, KVK Nilanchal Power Pvt Ltd and Ind Barath Power (Madras) Ltd
- Advised Bain Capital on various special situations transactions in India
- Advised KKR with respect to debt restructuring and repayment solutions in various portfolio companies
- Assisted Goldman Sachs and Varde Partners with the acquisition and restructuring of debt of RattanIndia Power Ltd from a consortium of 12 lenders led by Power Finance Corporation Ltd
- Assisted India Resurgence ARC Pvt Ltd in connection with its investments in Panacea Biotech Ltd and Indian Steels Corporation Ltd
Some of our other clients include:
- Aditya Birla Group
- Bain Capital
- Blackstone Capital Partners
- China Development Bank
- Davidson Kempner Capital Management
- Edelweiss Group
- Etihad Airways
- Goldman Sachs
- Industrial and Commercial Bank of China
- Kohlberg Kravis Roberts & Co
- Oaktree Capital
- PAG Investment Management Company
- Piramal Capital and Housing Finance Ltd
- Power Finance Corporation Ltd
- SC Lowy Financial Ltd
- Vedanta Ltd
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