How can General Counsels (GCs) help manage stressed assets

Insights and learnings

The GC’s role in debt and stressed asset management is still evolving in India. Until a decade ago, most GCs interfaced with specialist law firms that worked on stressed assets and other critical transactions. However, now that is changing as GCs are taking an active role in debt management and resolution (through the Insolvency and Bankruptcy Code (IBC) and active involvement in deals).

One reason for the non-recovery of debt is the reliance on self-disclosures at the time of funds disbursal. This makes it challenging to ascertain the debtor’s true wealth/antecedents. However, with increased scrutiny on balance sheets and lending practices, the following checklist will help GCs ascertain a deal partner or prospective debtor.

  • Analysis of corporate records
  • Reverse directorship checks
  • Multi-level corporate research
  • Due diligence to identify disputed assets, including document review, to ascertain asset ownership
  • Multi-level forensic review of financials


We hope you will find this newsletter interesting and relevant. We would love to showcase your point of view and experiences on a variety of topics that you may like to share with the wider community.

Please share your feedback and suggestions with Archana Venkat.


Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see for a more detailed description of DTTL and its member firms.

This communication prepared by Deloitte Touche Tohmatsu India LLP (DTTILLP). This material (including any information contained in it) is intended to provide general information on particular subject(s) and is not an exhaustive treatment of such subject(s) or a substitute to obtaining professional services or advice. This material may contain information sourced from publicly available information or other third party sources. This material contains links and references to the third party websites. The user may choose to access to such third party websites.DTTILLP does not independently verify any such sources and is not responsible for any loss whatsoever caused due to reliance placed on information sourced from such sources. None of DTTILLP, Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this material, rendering any kind of investment, legal or other professional advice or services. This material or information herein is only for information purposes and does not constitute any professional advice or service nor does it create any professional-client relationship between DTTILLP and any recipient of this material. No recipient of this material may make decisions based on it. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person or entity by reason of access to, use of or reliance on, this material. By using this material or any information contained in it, the user accepts this entire notice and terms of use.

©2021 Deloitte Touche Tohmatsu India LLP. Member of Deloitte Touche Tohmatsu Limited

This is a private communication and not transferable.

Did you find this useful?