Restructuring and Insolvency
Max House
I help boards and companies handle insolvency and restructuring by combining legal advice with business analysis, guiding you through NCLT cases, debt restructuring, and stressed asset solutions based on real experience.
Pricing Guide
IBC Strategy Roadmap & Legal Opinion
Legal & Financial Audit
Extensive review of loan agreements, default notices, and correspondence to firmly establish Debt and Default under Section 7 or 9 of the IBC.
Partner-Led Strategy Session
Two strategy workshops (approx. 2-3 hours each) with a Senior Partner and your finance head to map out the litigation timeline and strategy.
Formal Legal Opinion
A detailed 20-30 page written memorandum outlining probability of success, potential pitfalls, and citation of relevant legal precedents.
Forensic Gap Analysis
Identification of potential avoidable transaction risks including preferential, undervalued, or fraudulent transactions that could impact the case.
Pre-Litigation Notices
Drafting and issuing the final statutory demand notice (Form 3 or Form 4) under the Insolvency and Bankruptcy Code.
NCLT Petition Filing & Court Representation
Petition Drafting
Rigorous drafting of the main application (Form 1/5/6) to the NCLT, including the synopsis, list of dates, and structuring of arguments.
Evidence Compilation
Preparation of sworn affidavits and certification of evidence under the Bankers' Books Evidence Act which is critical for financial creditors.
Filing & Registry Management
Handling NCLT registry procedures, curing filing defects, and ensuring the matter is successfully listed on the board.
Court Representation
Appearance by a Partner for the crucial Admission hearings. Includes up to 4 effective hearings; additional hearings are charged separately.
Senior Counsel Briefing
Preparation of briefs and conducting briefing sessions with designated Senior Advocates if you choose to hire external counsel.
Distressed Asset Bid Formulation
Legal Due Diligence
Review of the Virtual Data Room (VDR) provided by the Resolution Professional to flag deal-breaker legal liabilities and risks.
Resolution Plan Drafting
Drafting the commercial offer document ensuring mandatory legal compliance with Section 30(2) of the IBC.
Structuring the Deal
Advising on the write-off of existing promoter equity and the mix of fresh Equity vs Debt to maximize tax efficiency.
CoC Negotiations
Representation during meetings with the Committee of Creditors (CoC) to explain legal aspects of the bid and negotiate terms.
Compliance Check
Ensuring the bidder is eligible under Section 29A to ensure the bidder is not related to the defaulting promoter.
About Restructuring and Insolvency
What I Do
I work right at the messy crossroads of law, business, and finance. When a company hits financial trouble, I don’t just quote law - I dig into what’s really happening with your business, your board, and your numbers. My job is to figure out how to move forward, whether that means debt restructuring, tackling insolvency, or finding value where others only see problems.
My Approach
I don’t treat insolvency as just money going missing. It’s usually about deeper issues - tech failing, supply chain breaking, or the board missing red flags. So, I go beyond the paperwork and look at the root causes. My advice combines legal know-how with real business sense. I see myself as a partner for the boardroom, not just the courtroom.
Experience That Counts
I've got practical experience in tough cases before the NCLT. Some highlights:
- Helped BCCI push insolvency against Byju’s at Bengaluru NCLT
- Won a big ruling for L&T Finance on CCDs as debt at Mumbai NCLT
- Guided Standard Chartered Bank through insolvency and got full recovery
Services I Offer
- Corporate Insolvency Resolution Process advice (CIRP under the IBC)
- Debt restructuring solutions India
- Stressed asset acquisition legal support
- Liquidation process lawyer
- Representing creditors, debtors, and insolvency professionals
Who’s On My Team
I’m joined by folks like Adity Chaudhury, Aastha, and Arka Majumdar. We’re not just names in directories - we’ve actually been through the wringer and know what works (and what doesn’t) in real-world insolvency and restructuring.
Meet your Expert
Krishnava Dutt
14 connects in last 3 months
My Story
We’re Argus Partners, built from scratch across Mumbai, Delhi, Bengaluru, Kolkata. I started as a lawyer, but honestly, now I’m more about helping businesses figure out the messy stuff—what’s coming next, not just what’s written in the books. I get a kick out of talking shop with business leaders, sometimes on stage, sometimes over chai. Our team’s all about being dynamic and collaborative. That Legal Icon tag? Really, it’s the team’s win.
My Work
Full-Service Legal Expertise - We handle Corporate/M&A, Banking & Finance, Dispute Resolution, Private Equity, Tech & Media, and more.
Digital Governance Advisory - We help boards tackle new risks like open-source software compliance and generative AI legal risk.
Practical Legal Strategy - No jargon. We break down complex laws into clear, doable steps for leadership teams.
Board Risk Mitigation - We work side by side with leadership, making sure boards know their duties and stay protected.
