RESTRUCTURING & RECOVERY INSURANCE
The Insolvency & Bankruptcy Code (Code) was one the revolutionary reforms which got introduced in India in 2016, thereby enabled India to move several notches up from ease of Doing Business Index. With the Code, a new breed of professionals also got introduced - Resolution Professionals.
With the ever-evolving laws around the Code and multiple stakeholders to adhere to, the duty of the Resolution Professional continues to remain challenging.
Our restructuring and recovery team is recognised as a leading provider of insurance and risk management solutions in the IBC framework, for both resolution and liquidation.
We have designed bespoke insurance policy for the resolution professionals and liquidators, providing them insurance protection during the CIRP period and protection for long-tail.
Our risk engineers visit plants of the corporate debtors. We also analyse and review the insurance policies of the corporate debtors and monitor the insurance placement during the Corporate Insolvency Resolution Process (‘CIRP’) period. We also provide clients with indicative costs to assist with their budgetary requirements.