How SNS Legal Aid Handles Corporate Restructuring & Insolvency?
At SNS Legal Aid, we guide businesses through complex financial distress, structural reforms, and insolvency proceedings with a solution-oriented and legally sound approach. Whether your company is facing a liquidity crunch, excessive debt, or requires realignment of its structure, we help restore operational and financial stability.
Our team works with promoters, creditors, insolvency professionals, and resolution applicants to create actionable restructuring strategies under the Insolvency and Bankruptcy Code (IBC) and Companies Act. We handle everything from voluntary liquidation, revival plans, resolution processes, one-time settlements, and operational reorganizations to representing clients before NCLT and appellate tribunals.
We offer legal support in both pre-insolvency advisory and during CIRP (Corporate Insolvency Resolution Process) with strategic planning, negotiation, documentation, and litigation support.
Laws and Acts Involved
- Insolvency and Bankruptcy Code, 2016
- Companies Act, 2013
- Securities and Exchange Board of India (SEBI) Regulations
- SICA (repealed, historical reference)
- SARFAESI Act, 2002
- Indian Contract Act, 1872
- Recovery of Debts and Bankruptcy Act, 1993
- RBI Guidelines on stressed asset resolution
Services We Provide in Corporate Restructuring & Insolvency
- Legal advisory for corporate debt restructuring (CDR)
- Pre-insolvency planning & rescue mechanisms
- Representation before NCLT/NCLAT
- Initiating or defending insolvency petitions (under Section 7, 9, or 10 of IBC)
- Drafting Resolution Plans and supporting Resolution Applicants
- Creditor coordination and Committee of Creditors (CoC) advisory
- Voluntary liquidation & winding up processes
- Schemes of Arrangement and Amalgamation (under Companies Act)
- Settlement negotiations with banks and NBFCs
- Post-resolution compliance & asset sale support
Frequently Asked Questions (FAQs)
Restructuring involves reorganizing a company’s structure, debt, or operations to overcome financial stress or improve performance. It’s needed when there’s rising debt, losses, or business model misalignment.
Insolvency is the financial state of being unable to pay debts; liquidation is the legal process of selling assets to pay off creditors, which may follow insolvency.
Creditors (financial or operational) or the corporate debtor itself can initiate insolvency under Sections 7, 9, or 10 of IBC, depending on the case.
As of now, the minimum default threshold is ₹1 crore for corporate insolvency applications under IBC.
CIRP (Corporate Insolvency Resolution Process) is the timeline-driven process of resolving insolvency. It must be completed within 180 days (extendable up to 330 days).
Yes. If a Resolution Plan is approved by the CoC and NCLT, the company can continue operations under new management or a revised plan.
Restructuring is a preventive or voluntary business reorganization, while insolvency is a legally triggered process due to default in repayment.
We represent corporate debtors, creditors, and resolution applicants, draft legal filings, appear before NCLT, and advise on compliance with IBC procedures.
Delays in legal restructuring or insolvency filing can lead to compulsory liquidation, asset loss, legal action by creditors, and reputational damage.
Only under limited conditions and subject to Section 29A of IBC, which disqualifies certain promoters unless they clear dues and meet eligibility.