Insolvency and Bankruptcy Lawyers in Delhi
Expertise in representing corporate debtors, financial and operational creditors, insolvency resolution professionals before NCLT, NCLAT, COC, Supreme Court and other related forums including for personal insolvency.
We advise clients at the pre-insolvency stage or during the corporate insolvency resolution process (advising the committee of creditors or the resolution professional), to acquisition of the stressed asset via an insolvency process.
What We Handle
The Insolvency and Bankruptcy Code, 2016 replaced a slow, scattered system with a single time-bound process. A financial or operational creditor can initiate corporate insolvency resolution against a company that has defaulted, provided the default crosses the threshold the Code sets. Once the NCLT admits the petition, a moratorium takes effect. It freezes recovery actions and buys the company breathing room while a resolution is worked out.
From admission, the clock runs. The CIRP is meant to conclude within 180 days, extendable to 330 in total. A resolution professional takes over management, a committee of creditors forms, and resolution plans are invited and voted on. If a viable plan is approved, the company is rescued. If none is, the matter moves to liquidation. Knowing where a matter sits on that timeline shapes every decision, and it's why involving an NCLT lawyer early matters.
How the Code Works
The Insolvency and Bankruptcy Code, 2016 replaced a slow, scattered system with a single time-bound process. A financial or operational creditor can initiate corporate insolvency resolution against a company that has defaulted, provided the default crosses the threshold the Code sets. Once the NCLT admits the petition, a moratorium takes effect. It freezes recovery actions and buys the company breathing room while a resolution is worked out.
From admission, the clock runs. The CIRP is meant to conclude within 180 days, extendable to 330 in total. A resolution professional takes over management, a committee of creditors forms, and resolution plans are invited and voted on. If a viable plan is approved, the company is rescued. If none is, the matter moves to liquidation. Knowing where a matter sits on that timeline shapes every decision, and it's why involving an NCLT lawyer early matters.
Creditor or Debtor, We Work Both Sides
We act for both sides of an insolvency, though not in the same matter. For creditors, the work is often about recovery: getting a petition admitted, protecting a claim, and pushing for the best return through the process. As a debt recovery lawyer team, we treat IBC proceedings as one route among several, and we advise when it's the right one. Sometimes a Section 8 demand notice recovers the money faster than a full suit ever would.
For corporate debtors, the work is defence and survival. That can mean contesting a petition that shouldn't have been filed, negotiating a settlement before admission, or steering the company through CIRP toward a resolution that keeps it alive. Having acted on both sides, we know how the other reads a matter, which sharpens the strategy either way.
Who We Act For
We act for financial and operational creditors, corporate debtors, resolution professionals, and, in personal insolvency, individuals and personal guarantors. Clients range from companies pursuing a stuck payment to businesses facing an existential petition. We also act as Indian desk counsel for firms abroad, holding the Indian insolvency side of a cross-border matter. The counsel who takes your first call stays with the file.
FAQ's
The common ones are wrongful or contested terminations, POSH complaints, misconduct and disciplinary disputes, misclassification of contract labour, and compliance gaps on provident fund, ESIC, and the labour codes. Most start small. They become expensive when the paperwork or the process wasn't right at the outset.
Before a problem, ideally. The best points are when setting up HR policies, before a difficult termination, during a restructuring, or the moment a POSH or grievance complaint lands. Early advice keeps a matter out of a tribunal. Late advice usually means defending one.
Mainly employers, including startups and established companies. That said, the advice covers the employee-facing side too, since fair, compliant treatment of staff is what prevents disputes in the first place. Where there's a conflict, we act for one side only on a given matter.
At minimum: proper employment agreements, an employee handbook, a POSH policy, and clear disciplinary and grievance procedures. Confidentiality and non-compete terms matter where relevant. The documents a company skips are usually the ones it needs when an exit turns into a claim.
Through labour courts, industrial tribunals, and, on appeal, the High Courts and Supreme Court. Many resolve earlier through negotiation or a settlement, particularly around exits. We assess whether a matter is better settled or fought, then run whichever route protects the company's position.