---
title: "Pre-Insolvency Advisory and Turnaround Planning"
date: 2025-05-04
author: "IndiaLaw LLP"
url: https://www.indialaw.in/expertise/insolvency-and-bankruptcy-laws/pre-insolvency-advisory-and-turnaround-planning/
---

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# Pre-Insolvency Advisory and Turnaround Planning

## Pre-Insolvency Advisory and Turnaround Planning Law Firm in India, IBC and RBI

We provide comprehensive legal support to companies, promoters, and individual guarantors during the pre-insolvency phase, helping them navigate financial distress and avoid involuntary insolvency proceedings. Our approach combines strategic foresight with deep legal insight to preserve value, protect rights, and facilitate business continuity.

We work closely with clients to assess legal exposure, evaluate alternatives, and implement remedial actions across operational, financial, and regulatory dimensions

## Our Services

**Legal and Financial Risk Assessment**

- Assessment of financial stress indicators, default position, and legal consequences
- Review of events that may trigger insolvency proceedings under IBC
- Analysis of promoter and director liabilities, including under personal guarantees and fraudulent transactions
- Evaluation of ongoing and potential recovery actions under SARFAESI, DRT, and IBC

**Corporate Turnaround Strategy**

- Structuring turnaround plans including debt restructuring, bridge funding, equity infusion, and asset monetisation
- Business hive-off, divestment of non-core assets, and stakeholder-led recovery solutions
- Strategic change in management, promoter exit planning, and board reconstitution

**Stakeholder Negotiation and Documentation**

- Drafting and negotiation of standstill agreements, one-time settlements (OTS), and revised repayment terms
- Advisory on out-of-court restructurings and creditor consensus under RBI or contractual frameworks
- Coordination with financial institutions, ARC, private equity investors, and operational creditors

**Pre-Pack and Alternate Resolution Mechanisms**

- Structuring and documentation of pre-packaged insolvency solutions for eligible entities
- Legal support in designing and executing resolution plans outside formal CIRP
- Evaluation of MSME-specific restructuring options under RBI guidelines and IBC

**Personal Insolvency and Guarantor Advisory**

- Advisory to promoters and personal guarantors on liability, protection, and resolution under Part III of the IBC
- Legal strategy to respond to insolvency petitions filed against personal guarantors
- Representation before DRT for personal insolvency applications and interim moratorium
- Asset protection planning, settlement negotiation, and protection against coercive actions
- Coordination with resolution professionals and lenders for resolution and discharge of personal liability

**Regulatory and Litigation Support**

- Advisory on director’s duties and corporate governance in distressed companies
- Litigation support to restrain coercive enforcement actions and protect enterprise value
- Interface with regulatory authorities (RBI, SEBI, ROC, Stock Exchanges) for disclosures, compliance, and approvals

**Cross-functional Advisory**

- Working closely with forensic auditors, resolution professionals, investment bankers, and tax advisors
- Assessment of related party transactions, potential avoidance claims, and valuation implications
- Coordinated execution of legal, financial, and operational aspects of turnaround plans

Our early-stage advisory is focused on enabling clients to proactively manage distress, reduce litigation risk, and restore financial and reputational stability. We ensure that both corporate and personal dimensions of insolvency risk are comprehensively addressed with discretion, urgency, and precision

[![K.P. Sreejith, Founder at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/WhatsApp-Image-2025-05-05-at-7.36.47-PM-Photoroom-e1746454769277.png)

#### K.P. Sreejith

Founder

contact@indialaw.in](https://www.indialaw.in/people/adv-k-p-sreejith/)[![Shiju P V, Managing Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09750-Photoroom-e1746353050437.png)

#### Shiju P V

Managing Partner

contact@indialaw.in](https://www.indialaw.in/people/shiju-p-veettil/)[![Vinod P.V., Senior Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09780-e1746352790693.png)

#### Vinod P.V.

Senior Partner

contact@indialaw.in](https://www.indialaw.in/people/p-v-vinod/)[![Abdullah Qureshi, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/Abdullah-Photoroom-e1740651411590.png)

#### Abdullah Qureshi

Associate Partner

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#### G.P. Yash Vardhan

Associate Partner

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#### Pranava Charan MG

Associate Partner

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#### Asav Rajan Arora

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/asav-rajan-arora/)[![Tannya Baranwal, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09915.png)

#### Tannya Baranwal

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/tannya-baranwal/)[![Nim Dem Dorjee, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/Nim-e1740654696349.png)

#### Nim Dem Dorjee

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/nim-dem-dorjee/)

### FAQs

#### What does pre-insolvency advisory and turnaround planning involve?

It involves identifying financial distress early and advising on legal options to avoid formal insolvency. This includes assessing default triggers under IBC, restructuring debt, negotiating with creditors, planning asset sales, and exploring pre-packaged resolution or out-of-court settlements.

#### When should a company seek pre-insolvency advisory support?

Ideally, as soon as financial stress indicators appear, such as missed debt service payments, creditor recovery notices under SARFAESI or DRT, or covenant breaches. Early engagement preserves more options and bargaining leverage before a creditor files under Section 7 or 9 of IBC.

#### Which Indian laws and regulators govern pre-insolvency restructuring?

The Insolvency and Bankruptcy Code 2016 is the primary statute, administered through NCLT and IBBI. RBI frameworks govern out-of-court restructuring for banks and NBFCs. SARFAESI Act, DRT Act, and Companies Act 2013 also apply depending on the nature of debt and recovery action.

#### What does a typical pre-insolvency engagement timeline look like?

An initial risk assessment usually takes two to four weeks, covering default analysis, liability mapping, and creditor landscape review. Turnaround structuring and creditor negotiations may extend over three to six months. Timelines depend on debt complexity, number of lenders, and regulatory approvals required.

#### What documents are needed to begin a pre-insolvency assessment?

Key documents include loan and security agreements, corporate guarantee deeds, recent financial statements, creditor demand notices, board resolutions on borrowings, and details of pending litigation or recovery proceedings. A complete creditor and exposure matrix helps accelerate the initial review.

#### What common mistakes do companies make when facing financial distress?

Delaying action until a Section 7 or 9 application is filed at NCLT is the most frequent error. Others include disposing of assets without proper structuring, which risks avoidance or fraudulent preference claims, and failing to assess personal guarantee exposure of promoters under Part III of IBC.

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# IndiaLaw LLP — Offices & Contact Details

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## General Contact

| | |
|---|---|
| **Website** | https://www.indialaw.in |
| **Primary email** | contact@indialaw.in |
| **Primary phone** | +91 836-9995919 |
| **Contact form** | https://www.indialaw.in/connect/ |
| **Careers (separate channel)** | https://www.indialaw.in/careers/ |


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## All Offices (9 locations across 8 cities)

### 1. Mumbai — Registered Office & Head Office (Apeejay Chambers)

| | |
|---|---|
| **Address** | Apeejay Chambers, Ground Floor, Wallace Street, Fort, Mumbai – 400 001 |
| **Phone** | [022-6924-7400](tel:02269247400) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate · IP |
| **Notes** | The HQ. 5 partners based here. Handles PAN-India litigation, arbitration, corporate, banking, IP and real estate practice. Largest team across all offices. |

### 2. Mumbai — Non-Litigation Office (Excelsior, Fort)

| | |
|---|---|
| **Address** | 4th Floor, New Excelsior Theatre Pvt. Ltd., Amrit Keshav Nayak Marg, Fort, Mumbai – 400 001 |
| **Phone** | [022-697-40500](tel:022-697-40500) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Non-litigation only — consultations, negotiations, transactional work |
| **Notes** | Opened 2024. Litigation and arbitration remain at the Apeejay Chambers head office. |

### 3. Delhi

| | |
|---|---|
| **Address** | Flat No. 1107 & 1108, Prakashdeep Building, Tolstoy Marg, Connaught Place, New Delhi – 110 001 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/delhi/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate |
| **Notes** | 3 partners based here. Located near the Supreme Court of India, Delhi High Court and other appellate bodies. |

### 4. Kolkata

| | |
|---|---|
| **Address** | Centre Point Building, Room No. 214, 2nd Floor, Premises No. 21, Hemanta Basu Sarani, Opp. Great Eastern Hotel, P.S. Hare Street, Kolkata – 700 001, West Bengal |
| **Phone** | [+91 33 4813 1001](tel:+913348131001) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/kolkata/ |
| **Practice focus** | Insolvency & Bankruptcy · Commercial & Civil Litigation · Arbitration · Banking Litigation · Real Estate · Labour & Employment · Consumer |
| **Notes** | Advises banks, NBFCs, MSMEs and corporates on transactions and dispute resolution. Works in close coordination with the Mumbai HO. |

### 5. Chennai

| | |
|---|---|
| **Address** | GF-A, 19 Casa Major Road, Egmore, Chennai – 600 008 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/chennai/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Full-fledged office with experienced legal team. Supported by Mumbai HO. |

### 6. Bengaluru (Bangalore)

| | |
|---|---|
| **Address** | INDIALAW LLP, No. 7 Chinnaswamy Mudaliar Road, Shivaji Nagar, Bangalore – 560 051 |
| **Phone** | [080-4167-2444](tel:08041672444) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/bengaluru/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate · Family Laws · Labour |
| **Notes** | Located near Bangalore High Court. Handles corporate, commercial, banking and matrimonial disputes. |

### 7. Hyderabad

| | |
|---|---|
| **Address** | 403, 4th Floor, Sanatana Ecstasy Building, beside Tanishq Show Room, Himayathnagar, Hyderabad – 500 029, Telangana |
| **Phone** | [040-6666-5166](tel:04066665166) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/hyderabad/ |
| **Practice focus** | Litigation · Banking · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Particularly well known for complex banking matters and real estate transactions. |

### 8. Cochin (Kochi)

| | |
|---|---|
| **Address** | Second Floor, Pulikkal Building, K.K. Padmanabhan Road, Ernakulam North – 682 018, Kerala |
| **Phone** | [0484-3583961](tel:04843583961) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/cochin/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Commercial disputes, property litigation, financial-claim arbitrations and real estate transactions. |

### 9. Noida (NCR)

| | |
|---|---|
| **Address** | No. 16 & 17, Silver Offices, 17th Floor, Wave One, Sector 18, Noida – 201 301 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/noida/ |
| **Practice focus** | Aviation · Insurance · Mergers & Acquisitions · Corporate |
| **Office head** | **Mr. Dinesh Gupta** (joined August 2025 to lead and expand the corporate practice) |
| **Notes** | Newest office. Sector-focused on highly regulated industries serving NCR-based clients. |

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## Quick-Dial Phone List

| Office | Phone |
|---|---|
| Mumbai HO (Apeejay) | 022-6924-7400 |
| Mumbai Excelsior | 022-697-40500 |
| Kolkata | +91 33 4813 1001 |
| Bengaluru | 080-4167-2444 |
| Hyderabad | 040-6666-5166 |
| Cochin | 0484-3583961 |
| **General / Marketing line** | **+91 836-9995919** |

Delhi, Chennai and Noida route through the general number.

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## Social Channels

- LinkedIn: https://www.linkedin.com/company/indialaw
- X / Twitter: https://twitter.com/Indialawmumbai
- Facebook: https://www.facebook.com/indialawllp/
- Instagram: https://www.instagram.com/indialawllp

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