Legal and Consulting firms gear up for jump in restructuring and bankruptcies

MUMBAI: Consultancy and law firms are gearing up for a likely spurt in demand for restructuring and bankruptcy-related services, as the pause on initiating insolvency proceedings and moratorium on loan repayment are set to end soon.The central government had announced the suspension of fresh Insolvency & Bankruptcy Code (IBC) proceedings and the Reserve Bank of India had imposed the moratorium on loans in the wake of the coronavirus