Non-performing loans and distressed assets continue to surge in a market fraught with growing uncertainty. Our restructuring and insolvency team has extensively worked on most restructuring platforms such as SICA, DRT, CDR, SARFAESI, SDR, S4A and more recently, on a vast majority of matters involving the Insolvency and Bankruptcy Code. We’ve closely engaged with clients on either side of loans and assets, in the domestic and international markets.
Successful debt restructuring warrants a sound understanding of issues along the lifecycle of loans and, critically, the borrower business. We leverage our nuanced commercial understanding of the objectives of diverse stakeholders such as banks, lenders, creditors, borrowers, investors, etc. to drive optimal and objective solutions in such distressed situations.
The success of our restructuring and insolvency practice is built around an inclusive approach of expert lawyers across diverse practices. Our practioners have regulatory, corporate, commercial, banking, finance, dispute, M&A and sector domain experience that helps push viable and comprehensive restructuring solutions.
Advised on successful completion of resolution plan for acquisition and restructuring of Electrosteel Steels Limited under the Code – The deal that established several firsts for the Indian Bankruptcy Regime.
Advised on resolution plan for acquisition and restructuring of Essar Steel India Limited under the Code.
Advised on submission of a resolution plan for acquisition and restructuring of Amtek Auto under the Code
Advised private equity consortium bidding under a potential resolution plan for acquisition and restructuring of Bhushan Steel Limited under the Code
Advised committee of creditors of Alok Industries Limited in connection with successful resolution plan for restructuring and acquisition of Alok Industries Limited.
Advised on the closing of the sale of the steel business and captive power plant (outside the NCLT process) to Tata Sponge Iron Limited.
Advised on submission of a resolution plan for acquistion and restructuring of Binani Cement Limited.
Advising lenders on restructuring the debt of Jet Airways Limited.
Advised consortium of CDR lenders led by ICICI Bank on restructuring of debts of Maytas Infra Ltd under the CDR mechanism of Reserve Bank of India.
"Both peers and clients speak of the team as a "very good," "extremely strong and extremely active" practice, with one source, who also stresses the firm's "depth and talent," observing: "We have used Khaitan more than any other firm in our investment transactions."
