Insolvency and Reconstruction
WhiteStone Legal has diverse and substantial expertise in the field of insolvency and restructuring. Our corporate recovery and restructuring practice works closely with the DisputeResolution practice. The wide scope of work includes:·
Formulating strategy on debt restructuring and corporate restructuring
Options and strategies in the event of counter party insolvency or financial distress
Advising financial creditors, operational creditors, corporate debtors and insolvency professionals on all aspects, including general corporate and commercial laws, specific insolvency law advice, and legal due
diligence on the company’s affairs, debts, and assets
Advising potential acquirers or sellers of distressed businesses or assets, whether through statutory insolvency, pre-packaged sales or in financially distressed situations
Advising directors and officers on the risks that arise for them in periods of financial uncertainty or actual or impending liquidation
Filing applications with NCLT and preparing claims to be filed with insolvency resolution professionals·
Preparing and reviewing the resolution plan
Implementation of the plan, including drafting the restructuring documentation, advising on a stake sale, business or asset transfer
Representing clients before NCLT, NCLAT, High Courts and the Supreme Court