Statutory Restructuring

Statutory Restructuring

Statutory restructuring, is the process of implementing a legally mandated framework to address and resolve financial distress within a company. It involves utilizing specific statutory mechanisms, such as bankruptcy laws or insolvency procedures, to reorganize the financial structure of the company and facilitate its recovery. Statutory restructuring provides a structured and regulated approach to dealing with financial challenges, enabling the company to negotiate with creditors, restructure debt, and streamline operations. This mechanism ensures that the rights and interests of all stakeholders are protected and offers a framework for the orderly resolution of financial difficulties, ultimately aiming to restore the company’s financial stability and viability.