Insolvency & Bankruptcy Law Services :-
What is Insolvency Law?
Insolvency law deals with situations where a person or company is unable to repay its debts or financial obligations.
Such matters may involve:
- Unpaid operational dues,
- Loan defaults,
- Creditor disputes,
- Business insolvency,
- Liquidation proceedings,
- Or restructuring of debt.
Insolvency proceedings are generally handled before the National Company Law Tribunal (NCLT) and other authorities under the Insolvency and Bankruptcy Code, 2016 (IBC).
Legal Framework Under Insolvency Law
Insolvency and Bankruptcy Code, 2016 (IBC)
The IBC is the main law governing insolvency and bankruptcy proceedings in India for companies, LLPs, partnership firms, and individuals.
Corporate Insolvency Resolution Process (CIRP)
This process allows creditors to initiate insolvency proceedings against companies for non-payment of dues above the prescribed limit.
Operational Creditor Matters
Operational creditors such as suppliers, service providers, and vendors may initiate proceedings for recovery of operational dues.
Financial Creditor Proceedings
Banks, financial institutions, and lenders may initiate insolvency proceedings for loan defaults.
Liquidation Proceedings
If resolution is not possible, the company may go into liquidation as per IBC provisions.
Personal Guarantor & Bankruptcy Matters
IBC also contains provisions relating to personal guarantors and individual insolvency proceedings.
Areas of Assistance
Assistance is provided in matters relating to:
- Insolvency & Bankruptcy Proceedings
- NCLT Matters
- Corporate Insolvency Resolution Process (CIRP)
- Operational Creditor Applications
- Financial Creditor Matters
- Debt Recovery Disputes
- Insolvency Notices & Replies
- Liquidation Proceedings
- Settlement & Resolution Matters
- Personal Guarantor Matters
- Corporate Restructuring Support
- Legal Documentation & Representation
Operational Creditor & Recovery Matters
Businesses often face situations where payments remain unpaid despite repeated follow-ups.
Assistance is provided in:
- Issuing demand notices under IBC,
- Preparation of insolvency applications,
- Debt-related documentation,
- And proceedings before NCLT.
Corporate Insolvency Proceedings
Where companies are unable to repay debts, insolvency proceedings may be initiated under the Insolvency and Bankruptcy Code.
Support is provided in:
- Insolvency petitions,
- Legal submissions,
- Settlement discussions,
- And tribunal proceedings.
Contact Us
For professional consultation or legal assistance in insolvency, bankruptcy, NCLT, or debt-related matters, you may connect through the contact details available on Pinak Vidhi Solutions
