Insolvency & Bankruptcy

Insolvency & Bankruptcy

The Insolvency and Bankruptcy Code, 2016 (IBC) has transformed India's insolvency framework by introducing a time-bound and creditor-driven mechanism for resolving financial distress. The Code seeks to maximize the value of assets, balance the interests of stakeholders, promote entrepreneurship, and facilitate the revival or orderly liquidation of distressed entities. As businesses operate in an increasingly complex commercial environment, timely legal advice and strategic decision-making are essential for protecting rights and achieving effective resolution.

At AVP Legis Chambers, we provide comprehensive legal services across the entire spectrum of insolvency, bankruptcy, restructuring, and debt resolution. We advise and represent financial creditors, operational creditors, corporate debtors, promoters, guarantors, resolution applicants, investors, and other stakeholders before the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), Debt Recovery Tribunals (DRTs), and other judicial and quasi-judicial authorities.

Corporate Insolvency Resolution Process (CIRP)

We represent stakeholders throughout the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. Our services include preparation and filing of applications, representation during admission proceedings, claim verification, participation in Committee of Creditors (CoC) meetings, review of resolution plans, and representation in proceedings before the NCLT and NCLAT. We focus on developing practical legal strategies that preserve enterprise value while protecting our clients' commercial and legal interests.

Committee of Creditors (CoC) Advisory

We advise banks, financial institutions, NBFCs, Asset Reconstruction Companies (ARCs), and other creditors on matters relating to constitution of the Committee of Creditors, voting rights, evaluation of resolution plans, commercial decision-making, and compliance with the provisions of the Insolvency and Bankruptcy Code. Our objective is to assist stakeholders in making informed decisions throughout the insolvency resolution process.

Liquidation, Restructuring and Personal Guarantor Insolvency

Where revival is not commercially feasible, we advise clients in liquidation proceedings, voluntary liquidation, corporate restructuring, and business reorganization. We also represent personal guarantors, promoters, directors, creditors, and other stakeholders in proceedings before the Debt Recovery Tribunals relating to insolvency and bankruptcy of personal guarantors under the Insolvency and Bankruptcy Code. Our services include legal advisory, preparation of pleadings, representation before tribunals, and guidance on restructuring and settlement options.

Banking, Recovery and Distressed Assets

Our insolvency practice frequently intersects with banking and financial laws. We advise clients on matters involving the Recovery of Debts and Bankruptcy Act, 1993, the SARFAESI Act, 2002, and related recovery mechanisms wherever they overlap with insolvency proceedings. We also assist businesses, lenders, investors, and promoters in evaluating distressed assets, restructuring opportunities, and commercially viable resolution strategies aimed at preserving value and minimizing legal risks.

Strategic and Commercially Focused Representation

Every insolvency matter presents unique legal, financial, and commercial challenges. At AVP Legis Chambers, we combine legal expertise with a practical understanding of business realities to deliver strategic and solution-oriented advice. We work closely with clients to develop legally sound and commercially viable solutions while safeguarding their interests throughout the insolvency process.

Whether advising creditors seeking recovery, businesses undergoing restructuring, investors evaluating distressed assets, or stakeholders participating in insolvency proceedings, our commitment remains focused on delivering responsive, practical, and result-oriented legal representation. By combining technical expertise with strategic insight and commercial understanding, we help clients navigate insolvency and restructuring challenges with confidence while pursuing sustainable and legally effective outcomes.