Restructuring & Insolvency

Business Restructuring Law Firm

Ahlawat & Associates has developed significant expertise in restructuring and insolvency law. The firm regularly advises lenders, reconstruction companies, distressed asset funds and borrowers, creditors in restructuring and refinancing debts. We also advise several clients on the corporate insolvency resolution process under the principal statute i.e., the Insolvency and Bankruptcy Code, 2016 (“Code”).

In India, restructuring transactions necessitate commitment and investment of time during the planning stage. In order to achieve the intended corporate objectives numerous strategic, operational, legal, tax, and economic challenges must be identified, honed, and balanced in most restructuring transactions.

Overview of the firm’s restructuring law services

As a full-service law firm, A&A offers its clients top-notch service by leveraging our experience in a variety of practice areas. From early stress identification to restructuring through court procedures, A&A is one of the top restructuring law firms that provides clients end-to-end solutions across the corporate restructuring space.

In the space of insolvency and restructuring, A&A has a sizeable and well-rounded practice that includes both litigation and non-litigation practice. Our in-depth and comprehensive strategies encompass an extensive spectrum of challenges that distressed companies encounter during restructuring.

The firm attains a clear insight into the expectations and requirements of both parties involved in a transaction and offers tailored advice to each client’s needs. A&A is lauded for its accessibility and its capability to work well with global firms and clients that require assistance in business and corporate restructuring laws.

Our Approach

We leverage our skills in our corporate, financial and dispute resolution practices to provide our clients with efficient and seamless legal services. A&A has been appreciated for its comprehensive and practical approach towards litigation and asset recovery. In addition to formal restructuring under statutes and regulations, the firm’s advice also extends to informal restructuring initiated by lenders.

Our qualified and dedicated team of lawyers, having had the opportunity to tackle numerous challenging transactions in India, have significant experience in financial and corporate restructuring. Our lawyers are dual qualified (in India and the US and/or the UK) and successfully draw on their prevalent experience in distinctive situations that arise under the Indian laws.

Our team works to protect businesses or investments and maximize recovery. Yet, if a client’s condition cannot be alleviated through a recovery platform, our team continues to map out avenues that can help clients navigate the insolvency resolution process. A&A has extended advice on some of the most complicated restructurings and takes pride in offering unconventional solutions concluding with concrete business results.

A&A’s team of proficient lawyers regularly engage with the clients to apprise them of commercial and regulatory developments that may have an impact on their business. The firm has and continues to build its reputation on having a hands-on approach and working closely with the clients. This, coupled with our notable experience, ensures that we achieve the desired results and navigate through the intricate legal landscape in India.

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Years of Experience

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Clients Served

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Deal Value Handled

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Expert Professionals

Experienced Team

A&A is among the top corporate law firms in India. At A&A, we believe that we are as good as our team, Our principle has guided us to ensure that we have the best corporate lawyers in India based at our main offices while the leading corporate lawyers in other parts of the world run our various practices across the nation, thus ensuring optimum management and service of even the most complex transactions. It is due to our standards of professional responsibility when dealing with our clients and various matters, which we stringently abide by that has enabled us to qualify as one of the reputed corporate law firms in India.

Industry Experience

Whilst A&A commercial law services has been able to cater to legal needs pan India as well as globally, its main founding office and headquarters is in Delhi and it is due to this foothold. A&A corporate lawyer in India has played a vital role in providing advice to the government on various legal and policy-related issues and is amongst the few corporate law firms in India to have the experience and optimal understanding of interpretation and drafting of policy matters.

Client-Centric Approach

A&A adopts an approach that demands the highest levels of knowledge, technical skill and service delivery allowing us to provide accurate, reliable, timely, and cost-effective advice while maintaining international standards of excellence and create a bespoke approach for every client and their business. Our commercial law solicitors unique perspective of working on our client’s matters as a critical part of their team allows us to address their problems like our own. We believe that each client comes with different requirements and concerns – and we work tirelessly to achieve their goals and pursue their objectives.


We make sure that our fee structure and the legal costs involved are very transparent and predictable for our clients. We believe that client relationships are based on trust and a sense of common purpose and we never falter on our promise making us one of the best corporate law firms in India. Our priority has been to deliver the best legal & business solutions and our fee arrangements are tailored to the needs of the client, the client’s goals, and the nature of the matter.

Frequently Asked Questions

  1. Which act governs corporate restructuring in India and what are its objectives

    Formal restructuring proceedings in India are regulated and governed by the Insolvency and Bankruptcy Code, 2016. The Code unifies and modifies the laws governing the timely reorganization and insolvency resolution of corporations, partnerships, and individuals in order to maximize the value of those individuals’ assets, encourage entrepreneurship, increase credit availability, and strike a balance between the interests of all parties involved.

  2. What is Corporate Insolvency and Corporate Insolvency Resolution Process (CIRP)

    A corporate person enters into a condition of insolvency when they are unable to pay their debts when they are due and payable, in full or in part.

    CIRP is the procedure used to resolve a corporate debtor’s insolvency in compliance with the Code.

  3. Who can initiate CIRP

    Financial creditors under Section 7, operational creditors under Section 9, and corporate applicants of corporate debtors under Section 10 of the Code may all initiate the CIRP proceedings.

  4. What is the time limit within which the CIRP should be completed

    According to Section 12(1) of the Code, CIRP must be completed within 180 (one hundred and eighty) from the date of admission of such application to initiate the proceedings. Further, the adjudicating authority has the discretion to issue a one-time extension of 90 (ninety) days. Including any extensions or litigation periods, the maximum amount of time that must be allotted for the completion of CIRP is 330 (three hundred and thirty) days.


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