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IBC 2016 · CIRP · NCLT · Resolution

Insolvency & Bankruptcy Code (IBC) Advisory

CIRP initiation, resolution plan advisory, liquidation proceedings and complete NCLT representation under IBC 2016 — for financial creditors, operational creditors and corporate debtors.

Insolvency Law

Insolvency & Bankruptcy Code (IBC) 2016 — Advisory & Representation

Expert IBC advisory for creditors, debtors and resolution professionals. CIRP initiation, resolution plans, liquidation proceedings and NCLT representation.

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CIRP — Creditor Petition (Section 7)

Financial creditor petition to initiate Corporate Insolvency Resolution Process (CIRP) before NCLT under Section 7 IBC 2016. Debt proof, demand notice, NCLT filing and admission.

Section 7 IBC · Financial Creditor · CIRP
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CIRP — Operational Creditor (Section 9)

Initiation of CIRP by operational creditors — Section 8 demand notice (10 days), reply analysis, Section 9 petition before NCLT and admission proceedings.

Section 8/9 IBC · Operational Creditor

Corporate Debtor Defence (Section 10)

Advisory to corporate debtors — CIRP defence, settlement negotiations, challenge to petition admission, pre-CIRP restructuring options under IBC.

Section 10 IBC · Corporate Debtor
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Resolution Plan Advisory

Drafting and submission of resolution plans under Section 30 IBC. Compliance with Section 29A eligibility, CoC negotiation and NCLT approval strategy.

Resolution Plan · Section 30 · CoC
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Liquidation Proceedings

Advisory during liquidation under Section 33 IBC — waterfall mechanism (Section 53), claims filing, asset realisation and liquidation order proceedings.

Section 33 IBC · Liquidation · Section 53
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Insolvency Resolution Professional (IRP) Support

Legal and secretarial support to Insolvency Resolution Professionals — public announcement, CoC meetings, information memorandum, resolution plan evaluation.

IRP Support · CoC · Information Memorandum
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Pre-Packaged Insolvency (PPIRP)

Pre-Packaged Insolvency Resolution Process for MSMEs under Sections 54A–54P IBC — base resolution plan, creditor voting and NCLT filing.

PPIRP · MSME · Section 54A
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Personal Insolvency & Bankruptcy

Fresh start process and insolvency resolution for individuals and partnership firms under Part III IBC 2016 — DRT filing and discharge proceedings.

Part III IBC · Personal Insolvency · DRT
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NCLT / NCLAT IBC Representation

Appearance and representation before NCLT (all benches) and NCLAT in IBC matters — petition filing, hearing attendance, order compliance.

NCLT · NCLAT · IBC Hearings
Key IBC Timelines

Statutory Timelines Under IBC 2016

All timelines as per the Insolvency and Bankruptcy Code 2016 and IBC (Amendment) Acts.

Section 8 Demand Notice
Operational creditor must wait 10 days after serving demand notice before filing Section 9 petition.
CIRP Admission
NCLT must admit or reject petition within 14 days of filing (Section 7/9).
CIRP Period
Maximum 180 days (extendable to 330 days for complex cases) for completion of CIRP.
Resolution Plan Submission
Resolution Applicant must submit plan at least 30 days before CIRP period ends.
CoC Approval
Committee of Creditors must approve resolution plan with 66% voting share.
Liquidation Order
NCLT may order liquidation if no plan approved within CIRP period.

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