Restructuring and Insolvency Consultants

Before 2016, companies were subjected to long delays in resolving their financial distress. The process was uncertain with the restructuring of debts relying on fragmented tools and RBI schemes. The promoters were known to retain power even at times when revival appeared to be impractical, whereas the banks did not want less than what was being owed. Settlement could be disrupted at any moment by operational creditors and recoveries were heavily reliant on the same promoters who found it difficult to rejuvenate the business.
The introduction of the Insolvency and Bankruptcy Code changed this dynamic, establishing a time-bound, creditor-in-control framework and bringing order and predictability to a landscape that had long been defined by uncertainty. Among the early professionals...