Adopting a multi-disciplinary approach, Legal Vibes covers the full range of matters, from restructuring under formal and informal procedures to the actual liquidation and winding up of businesses. The practice has strength in advising creditors, distressed corporates and acquirers on the takeover of insolvent companies, and is also regularly instructed to act in recovery litigation and asset reconstruction. Typical instructions also include representing creditors, resolution applicants and shareholders in various disputes under the IBC, as well as acting for committees of creditors in proceedings before the investigating authorities. Other areas of expertise include providing support in relation to voluntary liquidation and dissolution of companies. The practice is also instructed by insolvency professionals, financial and operational creditors, and corporate debtors in IBC proceedings.

The team undertakes work ranging from distressed M&A transactions, debt restructuring and recoveries to equity capital raising and open offers. Recent activity includes advising insolvency professionals and operational creditors in insolvency proceedings under the IBC. The practice is well placed to advise controlling shareholders prior to the invocation of the formal debt resolution process, as well as to act for financial creditors and resolution professionals in proceedings under the IBC.

We have advised a number of domestic and international banks, funds, acquirers, distressed companies and industry professionals on the implications of the IBC.