Insolvency and Bankruptcy
The Insolvency and Bankruptcy Code, 2016, considered as the largest insolvency reform, is a act enacted for reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time limit in order to maximize the value of the assets of such entities and individuals.
Nakshatra has been at the forefront of practicing advising clients in navigating the complexities on the Insolvency and Bankruptcy laws of India. It has a very robust team of Insolvency Professionals PAN- India under its IPE being Nakshatra Insolvency Resolution Professional Limited.
Our experience covers the entire range of this practice, starting from restructuring procedures towards revival for corporates with early signs of distress, to process involving actual liquidation and winding down of businesses.
We advise clients at the pre insolvency stage or during the corporate insolvency resolution process (advising the committee of creditors or the Insolvency Professional), to acquisition of the stressed asset via an insolvency process. Nakshatra includes preparation of the Resolution Plan along-with a compromise and arrangement proposal by crafting comprehensive and effective solutions. We address all legal intricacies, resolve concerns, and ensure that the resolution plan aligns with your objectives, all while complying with regulatory requirements.
Nakshatra guides its clients to the most efficient and practical solutions in diverse bankruptcy situations with varying degree of complexity and stakes. Our extensive experience in representing creditors, distressed corporates, as well as acquirers in the acquisition of companies in insolvency through a ‘resolution plan’ equips us in handholding clients through the entire process.Our integrated approach comprehensively not only covers the services as provided under the code and regulations but also provides a much wider scope and addresses diverse aspects of insolvency matter including:
- Acquisitions, Deal Structuring
- conducting legal, financial and operational due diligence,
- Handholding and providing support services to the professional in conducting the corporate processes as mandated in the code
- Representing before the Statutory Authorities, wherever required