Insolvency and Bankruptcy:

The introduction of the Insolvency and Bankruptcy Code (IBC) in 2016 revolutionized the insolvency and bankruptcy landscape in India. Legal professionals specializing in this field offer a range of services:

Distressed Debt Situations: Experts assess the financial distress of individuals, businesses, or organizations. They advise clients on strategies to address and manage distressed debt, which may involve debt restructuring, negotiation with creditors, or debt recovery.

Insolvency Proceedings: Attorneys guide clients through insolvency proceedings, which may include initiating or defending insolvency petitions, representing creditors or debtors, and ensuring compliance with IBC procedures.

Corporate Restructuring: Legal professionals help organizations navigate corporate restructuring processes, which can involve mergers, acquisitions, demergers, amalgamations, and asset sales. They ensure that these transactions comply with applicable laws and regulations.