About Our
Insolvency & Bankruptcy Practice
IANS Law Firm's Insolvency and Bankruptcy practice is dedicated to providing strategic advisory and robust representation in matters arising under the Insolvency and Bankruptcy Code, 2016 (IBC). We represent financial creditors, operational creditors, corporate debtors, resolution professionals, and prospective resolution applicants before the National Company Law Tribunal (NCLT), the National Company Law Appellate Tribunal (NCLAT), and the Supreme Court of India. Our team possesses deep expertise in the Corporate Insolvency Resolution Process (CIRP), including the filing and defense of insolvency applications, management of the resolution process, evaluation of resolution plans, and litigation pertaining to avoidance transactions and fraudulent trading. We also handle personal insolvency proceedings, cross-border insolvency matters under the UNCITRAL Model Law, and pre-packaged insolvency processes. Our insolvency practitioners work closely with financial advisors and restructuring specialists to devise strategies that maximize recovery for creditors while preserving the going-concern value of distressed enterprises.
Key Services
- check_circle Insolvency and Bankruptcy Code matters
- check_circle Corporate insolvency resolution process
- check_circle Liquidation proceedings
- check_circle Debt restructuring
- check_circle Insolvency petitions
- check_circle Resolution plan review and challenges
- check_circle Personal insolvency
- check_circle Cross-border insolvency
- check_circle Pre-packaged insolvency
- check_circle Creditor representation
Our Approach
Our insolvency practice: filing and defending petitions, managing CIRP, evaluating resolution plans, handling liquidation, and representing stakeholders before NCLT.
Frequently Asked Questions
Q: Who can initiate insolvency?
Financial creditors (S.7), operational creditors (S.9), and corporate debtors (S.10) for defaults over Rs. 1 crore.
Q: What is the CIRP timeline?
330 days maximum from commencement. Initial 180 days with possible 90-day extension.
Q: What happens without a resolution plan?
The NCLT orders liquidation if no plan is approved within the CIRP period.