Insolvency & Bankruptcy
With introduction of Insolvency and Bankruptcy Code, 2016 (IBC), the entire legal landscape on reorganisation and insolvency of distressed corporates has dynamically changed, leading to behavioural changes in borrowers and lenders. Stakeholders are making genuine efforts in stress management and restructuring before exploring options under IBC. AJA Legal offers a comprehensive legal service to financial creditors, operational creditors, borrowers, guarantors, resolution professionals (RP), committee of creditors (CoC), resolution applicants (RAs) and advisers.
AJA Legal has a robust team with rich experience in advising clients in pre-IBC situations, restructuring and refinancing, advising and representing various banks and FIs, including asset reconstruction companies, trustees and funds in Section 7 Applications, advising and representing operational creditors in Section 9 Applications, acting as RP Counsel, acting as CoC Counsel, advising RAs, conducting legal due-diligence, drafting resolution plans, review of resolution plans, participating in the entire negotiation process, acting for corporate debtors and guarantors (personal and corporate), representing various clients in avoidance transactions and other miscellaneous applications under various provisions of IBC and last but not the least giving legal opinions on various aspects of IBC.
At AJA Legal, we have represented stakeholders for corporate insolvency resolution and/ or liquidation of corporate debtors in various sectors viz. Infrastructure and Construction, Power generation and distribution, Packaging – manufacturing and supply of containers, Production and dealing of the Aluminium Scaffolding System, Information Technology and Information services, Real Estate, Food and Beverage Manufacturing, Plastic & consumer goods, textile and apparel, textile and apparel, Shipbuilding, Renewable energy, Information Technology, Metals and Insurance.
Awards
- Founder recognised as Leading Lawyer Restructuring and Insolvency by Legal Era India’s Ranked Lawyers 2023
- AJA Legal recognised under “Other Notable” by Asia Law for the year 2022-2023 for Restructuring and Insolvency
- Founder recognised as “Litigation Star (Insolvency)” by Benchmark Litigation (Asia-Pacific Region) 2022-23
- Founder recognized as “Distinguished Practitioner” in Restructuring and Insolvency by Asialaw consecutively for four consecutive years from 2020 to 2023
- AJA Legal recognised and ranked as “Tier-4 Law Firm” for ‘Insolvency’ category in Benchmark Litigation Asia-Pacific Rankings 2022