Insolvency Laws
We collaborate closely with our clients to identify and implement tailored solutions for each situation. Our restructuring and insolvency team is dedicated to maximizing recovery and minimizing losses. We have a track record of representing clients across various sectors, including both Financial and Operational Creditors. Our services under the Insolvency and Bankruptcy Code (IBC) encompass:
- Recovering bad debts from companies
- Negotiating and arranging settlements with creditors and debtors
- Filing claims for companies undergoing Corporate Insolvency Resolution Process (CIRP)
- Initiating insolvency proceedings/CIRP under IBC before the National Company Law Tribunal (NCLT)
- Handling liquidations and winding up procedures for companies and Limited Liability Partnerships (LLPs)
- Providing representation before the National Company Law Tribunal, Debt Recovery Tribunal, and other relevant tribunals for matters related to insolvency, voluntary liquidation, bankruptcy, and winding up.
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The creditors are able to realize 45% of their claims under IBC, which takes on average 300 days compared with a recovery of 25% under the previous regime which took up to 5 years for resolution.
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