A self-contained code consolidating all the then-existing laws on Insolvency and Bankruptcy (I&B) was enacted in 2016 with the purpose of resolving the financial stress of corporate persons, partnership firms, and individuals. The law, though newly enacted, didn’t take any time in dominating the administrative table of the Adjudicating Authority and bringing a new line of litigation. The multi-disciplinary solution and comprehensive approach offered by this law made it a highly sought-after platform for the resolution of insolvency. Indo Legal Services provides the full range of restructuring and insolvency services and is regularly involved in big-ticket Insolvency & Bankruptcy matters. We undertake the entire gamut of work involving stressed assets, restructuring, winding up, liquidation, bankruptcy, etc., which demonstrate our sector-specific specialisation. We enjoy a niche in the Insolvency and Bankruptcy practice, and we are proud to state that we are considered as one of leading law firms in the Insolvency and Bankruptcy practice in Delhi.  

The team primarily acts as lead counsel to banks, private credit funds, resolution professionals, and other individual financial and operational creditors. Our firm is actively involved in several proceedings under the Insolvency and Bankruptcy Code (IBC). In addition to Corporate Insolvency Resolution Process (CIRP), we further bring profound knowledge and experience in debt restructuring and loan recovery. We cherish our strong track record in large insolvency cases and our assistance in the acquisition of distressed assets across the country.

Our services are usually hired by the Committees of Creditors, Resolution Professionals, and Resolution Applicants, and their scope extends to financial analysis, due diligence, cross-border transactions, and the preparation of resolution plan. We further advise on contentious insolvency proceedings and formal restructuring matters. In a short span of time, we have come to build a reputed profile in the practice of the law of Insolvency and Bankruptcy on the strength of our seamless application of multidisciplinary knowledge to the relevant set of facts.

Some of our usual handlings under this law are as follows: 

• Initiation of the Corporate Insolvency Resolution Process of the Corporate Debtor;
• Initiation of the Insolvency Process by the Personal Guarantor of Corporate Debtor; 
• Representation before the National Company Law Tribunal or Appellate Tribunal;
• Representation before the High Court or Supreme Court; 
• Representation before the Committee of Creditors;
• Representation before the Monitoring Committee;
• Assistance in finalising the claims of creditors; 
• Resolution plan approval and its proper implementation under the guidance of the Monitoring Committee and National Company Law Tribunal;
• Liquidations and winding up of the company; and
• Corporate restructuring based on mergers, demergers, hive off, takeovers, and acquisitions.

At ILS, we have a motto that time and effectiveness are inspirable and inalienable parts of successful dispute resolution, and we always endeavour to achieve both by meeting the client’s aspiration and trusting. Our team has deep insight into every minute detail involved in the insolvency and bankruptcy process, adding to our round-the-clock availability for meeting our clients’ exigencies to ensure the timely and effective outcomes of the cases.