Insolvency & Restructuring
Navigating Financial Distress with Strategic Solutions
Navigating Financial Distress with Strategic Solutions
Financial distress can affect any business, regardless of size or sector. When businesses face challenges, strategic legal counsel can mean the difference between liquidation and revival. Probitas Law Associates provides comprehensive insolvency and restructuring advisory under the Insolvency & Bankruptcy Code, 2016 (IBC), helping creditors protect their interests and distressed businesses find viable paths forward.
The IBC framework has transformed India’s insolvency landscape, providing time-bound resolution processes and creditor-led frameworks. Our insolvency practice represents f inancial creditors, operational creditors, resolution applicants, and corporate debtors across all IBC proceedings.
How Can We Help?
Probitas Law Associates 10th Floor, Mittal Tower Nariman Point, Mumbai 400021 Maharashtra, India
Corporate Insolvency Resolution Process (CIRP) is the primary framework for rescuing viable businesses. We handle CIRP application filing by financial and operational creditors, represent clients before the National Company Law Tribunal (NCLT) during admission hearings, advise Interim Resolution Professionals (IRPs) and Resolution Professionals (RPs) on legal compliance, participate in Committee of Creditors (CoC) meetings and voting, draft and negotiate Resolution Plans, and manage NCLT approval processes.
For resolution applicants seeking to acquire distressed assets, we conduct due diligence on stressed companies, structure and draft compliant resolution plans, negotiate with CoC members, ensure regulatory approvals (CCI, SEBI, sectoral regulators), and manage post-approval implementation.
When liquidation becomes inevitable, our practice guides liquidators through asset realization, claim prioritization, stakeholder management, and NCLT compliance during liquidation proceedings.
Pre-packaged insolvency for MSMEs offers faster resolution. We advise on pre-pack eligibility, base resolution plan preparation, creditor approval processes, and NCLT filing and approval.
Out-of-court restructuring remains viable for many situations. Our restructuring practice facilitates one-time settlements (OTS) with lenders, corporate debt restructuring schemes, standstill agreements, asset reconstruction company (ARC) transactions, and strategic refinancing arrangements—providing alternatives to formal insolvency when appropriate.
Insolvency Services:
- CIRP applications and NCLT proceedings
- Resolution plan drafting and negotiation
- Committee of Creditors advisory
- Liquidation process management
- Pre-packaged insolvency for MSMEs
- Out-of-court restructuring and OTS