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Corporate Insolvency (IBC)

Corporate Insolvency (IBC)

Corporate Legal

Service Overview

Corporate Insolvency (IBC) involves legal proceedings under the Insolvency and Bankruptcy Code for resolution of corporate debt, restructuring of liabilities, or liquidation of financially distressed companies.

Service Overview

Corporate Insolvency (IBC) refers to legal proceedings initiated under the Insolvency and Bankruptcy Code, 2016, for the resolution of financial distress of corporate entities. The process may be triggered by financial creditors, operational creditors, or the corporate debtor itself in cases of default.

Proceedings are conducted before the National Company Law Tribunal (NCLT) and involve the appointment of an Interim Resolution Professional (IRP), constitution of the Committee of Creditors (CoC), preparation of resolution plans, and approval or rejection of restructuring proposals.

If resolution is not feasible, the company may proceed into liquidation in accordance with statutory provisions. The process is time-bound and designed to maximise asset value, protect stakeholder interests, and ensure orderly debt resolution.

This service includes filing insolvency applications, creditor representation, defence against insolvency petitions, resolution plan advisory, NCLT representation, and compliance with IBC procedures.

The objective is to facilitate lawful debt restructuring, protect creditor rights, and ensure structured corporate resolution or liquidation.

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Related Topics

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