Represented financial creditors in insolvency proceedings under IBC, achieving 85% debt recovery through successful resolution plan approval.
A consortium of banks approached us after their borrower, a real estate developer, defaulted on ₹300 crore in loans. The company had valuable land assets but was facing liquidation which would have resulted in only 20% recovery.
We initiated Corporate Insolvency Resolution Process (CIRP) under IBC and identified a strategic investor interested in completing the stalled projects. We negotiated a resolution plan that provided 85% recovery to financial creditors while preserving 200+ jobs.
The NCLT approved our resolution plan, and the company is now operational under new management. This case demonstrates the effectiveness of IBC in maximizing creditor value while maintaining business continuity.
