Legal Services in IBC, 2016 Matters

Legal Clarity. Resolution Focus.

The Insolvency and Bankruptcy Code, 2016 created a specialised legal framework administered through the National Company Law Tribunal and the National Company Law Appellate Tribunal, with its own procedural rules distinct from ordinary civil litigation. Creditors, debtors and other stakeholders participating in resolution or liquidation proceedings need legal support that understands both the letter of the Code and the practical conduct of matters before these forums. Sound legal handling at every filing and hearing stage protects a party's position throughout the life of a case.

Why This Matters

Proceedings under the Code move on strict timelines, and a defective application, an incomplete claim or a missed procedural step can result in rejection, delay or loss of an opportunity to be heard. Because outcomes before the Tribunal often affect significant amounts of debt and the future of a business, the quality of legal drafting and representation has a direct bearing on whether a party's interests are protected. Proactive legal support reduces the risk of procedural setbacks derailing an otherwise strong case.

How We Help

Filing and Admission Support

We assist creditors and debtors in preparing and filing applications for initiation of insolvency proceedings, ensuring that supporting documentation meets the requirements for admission before the Tribunal.

Drafting and Vetting of Applications

Our team drafts and reviews applications, replies, claims and other filings connected with resolution and liquidation, so that legal positions are clearly articulated and consistent with the record.

Tribunal and Appellate Representation

We represent clients before the National Company Law Tribunal and the National Company Law Appellate Tribunal, appearing at hearings and coordinating with resolution professionals and committees of creditors as required.

Ongoing Compliance and Advisory

We keep clients informed of amendments to the Code and related regulations, advising on how changes in law may affect an ongoing matter or a party's future course of action.

Who Needs This

• Financial and operational creditors initiating recovery under the Code
• Corporate debtors responding to insolvency applications
• Resolution professionals and committees of creditors needing legal support
• Promoters and investors involved in resolution or liquidation proceedings

Our Approach

We pair legal drafting expertise with a working knowledge of Tribunal practice, so that filings are technically sound and presented persuasively at every hearing. Our advisory stays current with evolving jurisprudence under the Code, allowing clients to make informed decisions as their matter progresses.

Get in Touch

To discuss how we can support you with legal services in IBC, 2016 matters, write to us at info@agarwalurs.com.