Insolvency (IBC) Matters
Insolvency (IBC) Matters
When a company defaults on dues, the Insolvency and Bankruptcy Code (IBC) provides a structured legal process to resolve the situation. This may involve initiating CIRP, negotiating with creditors, preparing resolution plans, or defending against insolvency petitions. IBC matters move fast, involve strict timelines, and require precise documentation.
We guide companies, creditors, and stakeholders through the entire insolvency process with clarity and strategic support.
What we do
Assess eligibility for initiating insolvency proceedings
Draft and file applications under Sections 7, 9, or 10
Support corporate debtors during CIRP
Coordinate with Insolvency Professionals (IP/RP)
Assist in preparing or evaluating resolution plans
Represent clients in NCLT for IBC hearings
Handle appeals before NCLAT when required
Ensure compliance with IBC timelines and procedures
Why this matters
IBC decisions directly impact ownership, control, debt recovery, and the future of the business. A mistake in documentation or delay in filing can affect the entire case. Clear strategy and timely action improve outcomes for both debtors and creditors.
Frequently Asked Questions
The Insolvency and Bankruptcy Code is the law governing insolvency, restructuring, and liquidation of companies and individuals.
The Corporate Insolvency Resolution Process. It involves suspending the board, appointing a Resolution Professional, and inviting resolution plans from bidders.
Financial creditors (Section 7)
Operational creditors (Section 9)
The company itself (Section 10)
Ideally 180 days, extendable to 330 days. Complex cases may take longer.
Invoices, loan agreements, bank statements, proof of default, board resolutions, and supporting correspondence.