Dhir & Dhir Associates advised a 5 decades old textile conglomerate, with manufacturing plants located pan India and a turnover of more than INR 8 Billion. The company was continuously making good profits and was able to meet all its obligations timely. However, it was hit by the global recession and fluctuation in currency which led to huge losses and erosion of its networth. Dhir & Dhir Associates successfully assisted the client in resolving the huge debt of more than INR 16 Billion by way of innovative Financial Restructuring and settlement with its lenders.