INSOLVENCY AND COMPANY LAW The firm has a dedicated team for its banking, insolvency and company law practice. The firm regularly advises its clients on various aspects of Insolvency and Bankruptcy Code, 2016 and the Companies Act, 2013. The firm regularly represents its clients before the NCLT, the NCLAT and the Supreme Court of India and also advises resolution professionals in navigating the insolvency resolution process under the Code. A few key representations of the firm in this area are:
Represented one of the largest Indian FMCG companies before the NCLAT with respect to insolvency proceedings initiated against it. .
Represented a prominent business group having varied line of businesses including textile, agro, real estate, petro-chemical etc. before the NCLAT with respect to allegations of oppression and mismanagement within group companies.
Represented various real estate companies before the Supreme Court of India in their challenge against the constitutionality of certain provisions of the IBC.
Represented Insolvency Resolution Professionals before the NCLT, NCLAT and Supreme Court with the issues pertaining to corporate insolvency resolution and liquidation proceedings of a prominent five-star hotel in North India.
Regularly represent Insolvency Professionals before NCLT, New Delhi during the corporate insolvency resolution process as well as liquidation process.
Regularly advise Insolvency Professionals on various aspects of the CIRP and liquidation process, including the following: (i) Verification of claims made during the CIRP; (ii) Vetting of Expression of Interest, Resolution Plans etc.; (iii) Conduct of meetings of the committee of creditors; (iv) Advice on the sale and auction processes under the IBC; (v) Adjudication of claims made by creditors.
Regularly represent promoters of Corporate Debtors before NCLT, New Delhi, the NCLAT and the Supreme Court of India
Regularly represent various Operational Creditors including suppliers, manufacturers, traders etc. before NCLT, New Delhi.
Regularly represent Financial Creditors (both secured and unsecured) before the NCLT in connection with initiation of the corporate insolvency resolution process.
Represented shareholders of a leading travel retail company before the NCLT with respect to acts of oppressions and mismanagement in the company.
Represented a leading public sector bank before the NCLAT with respect to various proceedings under the IBC.
Regularly represent the offices of the Official Liquidator attached to various High Courts, including the High Courts of Bombay, Karnataka and Punjab & Haryana before the NCLT and the NCLAT with respect to various issues pertaining to the company law.
Represented the office of the official liquidator (attached to the High Court of Karnataka) before the NCLAT in connection with legal proceedings against a giant brewery company.
Represented various high net worth individuals and companies before the Registrar of Companies, the Regional Director, the NCLT and NCLAT with respect to compounding of the offences committed due to non-compliance of the provisions of Companies Act, 2013.
Represent the office of the Official Liquidator attached to the High Court of Delhi before the NCLT, the NCLAT and the Supreme Court with respect to various aspects of the IBC and the Companies Act.