Home > Expertise > Practice Areas > Restructuring & Insolvency

Restructuring & Insolvency

Capitalising on interlinked expertise to discharge second–to–none advice.


AZB’s Restructuring & Insolvency practice is possibly the only Indian practice whose team offers advice to a wide range of stakeholders on interconnected issues. This includes highly complex domestic and cross–border structured finance and high–yield transactions, pre–IBC restructuring and formulation of legislative policy and devising regulations.

AZB has played a critical role in advising the central government and the Reserve Bank of India on devising regulations around NPA resolution and liquidity in the market for distressed assets. Our thought leadership in devising regulatory change, coupled with an established Restructuring & Insolvency and structured finance practice, gives us a unique perspective in delivering incisive advice in an evolving area of law, which few, if any, Indian firms possess.

Our partners benefit immensely from their close association with advising the government on policy changes while advising clients on challenging situations. We also draw extensively from legal principles and developments in foreign jurisdictions through our close association with leading law firms and practitioners across the globe.

Our clients include resolution professionals, committees of creditors, bidders and dissenting creditors. We have also advised banks and foreign distressed assets funds on pre–insolvency situations involving intricate cross border issues. We are able to extend this advice through allied practice areas including general corporate, regulatory, litigation and intellectual property, which are relevant in any restructuring.

Work Highlights


Top–tier practice especially noted for its strong regulatory knowledge relating to IBC legislation. Possesses extensive experience on landmark IBC cases, frequently acting for resolution professionals on major restructurings as well as the bidders on stressed asset deals. Also offers experience acting for creditors on restructurings, as well as advising foreign distressed asset funds on debt acquisitions. Clients include major Indian conglomerates, international accounting firms and major domestic banks, among others.

Chambers & Partners Asia–Pacific (2022) on our Restructuring & Insolvency Team


Many partners specialising in insolvency at AZB are dual qualified (in India and the US and/or the UK) and can successfully leverage their prior experience in novel situations emerging under Indian insolvency law. Our partners take pride in maintaining one of the highest ratios for ‘partner:associate time’ spent on restructuring matters across Tier 1 firms.

We engage with our clients on new and impending regulatory changes and commercial developments and identify where these changes impact their business and strategy. We provide tailored training and update sessions for our clients and sometimes, our clients’ clients. We also enable access to senior market participants for advice on macro developments and potential in various sectors.