India has finally brought in an effective Mechanism for initiating insolvency proceedings against the financially defaulting Companies by way of The Insolvency and Bankruptcy Code, 2016. This Code provides for the procedure for insolvency resolution process, in case of defaulting corporate debtor. Thus, a preliminary recognition of financial distress of a Company is very important for timely resolution of insolvency.
Khurana & Khurana is experienced in representing corporations, venture capital and private equity firms, boards of directors, board committees, and individual officers and directors and represent them before various Judicial forums. We counsel clients on means to mitigate litigation risk in connection with significant corporate and commercial transactions. We majorly help in Drafting, negotiating and finalizing relevant transaction documents and Appear before the Tribunal – Adjudicating Authority.