Insolvency & Bankruptcy
Our insolvency and bankruptcy practice advises and represents stakeholders across proceedings under the Insolvency and Bankruptcy Code, 2016, including corporate debtors, promoters, financial and operational creditors, and resolution applicants. We act in matters involving financial distress, enforcement of creditor rights, and restructuring of corporate liabilities.
We regularly appear before the National Company Law Tribunal and the National Company Law Appellate Tribunal in insolvency proceedings, as well as in related litigation before High Courts and the Supreme Court of India. Our work often involves managing parallel proceedings arising out of insolvency, including civil disputes, regulatory actions, and criminal or enforcement investigations.
The practice focuses on strategic intervention at critical stages of the insolvency process, including admission, resolution, settlement, and liquidation, with an emphasis on preserving value, addressing promoter and director exposure, and ensuring procedural and statutory compliance.
- Representation in insolvency proceedings under the Insolvency and Bankruptcy Code, 2016
- Acting for corporate debtors, promoters, directors, financial creditors, operational creditors, and resolution applicants
- Initiation and defence of corporate insolvency resolution processes before NCLT and NCLAT
- Advisory on promoter and director exposure arising from insolvency proceedings
- Settlement and withdrawal of insolvency proceedings, including post-admission settlements
- Representation in liquidation proceedings and related asset realisation issues
- Insolvency proceedings involving personal guarantors to corporate debtors
- Strategic coordination of insolvency matters with parallel civil, criminal, and enforcement actions
- Appellate proceedings before NCLAT and constitutional courts arising from insolvency matters
- Represented one of India’s largest real estate developers in defending the quashing of the insolvency proceedings initiated against them at the behest of home buyers.
- Represented and advised a power company against a large hotel group for initiation of Insolvency proceedings
- Represented and advised a real estate subsidiary of a large hospital chain for submission of a resolution plan towards one of Delhi NCR’s prime corporate hubs.
- Represented and advised the resolution applicant for a successful bid towards the resolution of one of India’s largest cable manufacturers.
- Represented and advised the ex-promoters/promoters of Dighi Port Ltd., Educomp Solutions, Essar Steel, Ansal Properties and Infrastructure Ltd., Ansal Housing Ltd., Lanco Group, Global Energy Pvt. Ltd., etc., concerning the insolvency proceedings across various forums.
- Represented and advised the ex-promoters of various multinational companies and Indian companies concerning personal insolvency proceedings initiated against them by financial institutions.