Practice Area

Insolvency & IBC

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Overview

The Insolvency and Bankruptcy Code, 2016 has fundamentally reordered the legal landscape for creditors and debtors in India. It introduced time-bound resolution processes, a sophisticated waterfall mechanism for distribution of proceeds, and a professionalised framework for insolvency resolution — substantially altering how financial distress is managed across Indian businesses. Corpus Lawyers represents financial creditors, operational creditors, resolution applicants, and corporate debtors across the full lifecycle of insolvency proceedings, from initiation of the Corporate Insolvency Resolution Process to appeals before the National Company Law Appellate Tribunal and the Supreme Court of India.

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Section 7 — Financial Creditor Applications

Filing and defence of petitions under Section 7 of the Insolvency and Bankruptcy Code, 2016 by financial creditors including banks, NBFCs, debenture holders, and financial institutions; advisory on default threshold requirements, computation of default, and admissibility criteria under the Code.

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Section 9 — Operational Creditor Applications

Filing of operational creditor petitions under Section 9, including compliance with the demand notice procedure under Section 8, analysis of pre-existing dispute objections, and strategy for managing counter-notices and litigation risk from the corporate debtor.

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Resolution Planning and Bid Strategy

Advisory to prospective resolution applicants on bid strategy, Section 29A eligibility analysis, RFRP compliance, preparation and structuring of resolution plans, negotiation with the Committee of Creditors, and approval strategy before the NCLT.

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Section 29A Eligibility Advisory

Detailed analysis of eligibility restrictions under Section 29A for resolution applicants, covering connected persons analysis, NPA classification issues, guarantor disqualification, and structuring of bid vehicles to address eligibility concerns without triggering disqualification.

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NCLT Representation

Representation before the National Company Law Tribunal in admission hearings, interim relief applications, Section 60(5) miscellaneous applications, liquidation proceedings, and contested hearings across NCLT benches nationally.

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NCLAT and Supreme Court Appeals

Representation before the National Company Law Appellate Tribunal and the Supreme Court of India in appeals arising from NCLT orders under the Insolvency and Bankruptcy Code, 2016, including urgent stay applications and constitutional challenges.