Insolvency and Bankruptcy Code (IBC)

Comprehensive Legal Support for Insolvency and Bankruptcy Code (IBC) Matters

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At Gurleen Legal, we provide end-to-end legal advisory and representation services under the Insolvency and Bankruptcy Code, 2016 (IBC). Our team of highly experienced advocates, insolvency professionals, and financial experts ensures that businesses, creditors, and debtors navigate the complexities of insolvency, restructuring, and liquidation with strategic precision and compliance.

Our Expertise in IBC & Insolvency Matters

1. Legal Advisory on IBC-Related Matters:

• Providing comprehensive legal guidance on all aspects of the Insolvency and Bankruptcy Code (IBC), 2016.

• Assisting corporate entities, financial creditors, operational creditors, and personal guarantors in understanding their rights and obligations under IBC.

• Developing customized resolution strategies to ensure maximized asset recovery and minimized financial risk.
  
  

2. Representation Before Tribunals & Authorities:

• Expert legal representation before the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) for IBC-related cases.

• Handling complex litigation involving insolvency resolutions, liquidation processes, and asset recovery disputes.

• Representing clients before Regulatory Authorities, High Courts, and the Supreme Court for matters arising out of insolvency proceedings.
  
  

3. Corporate Insolvency Resolution Process (CIRP) & Liquidation:

• Assisting companies, financial creditors, and operational creditors in initiating CIRP under Section 7, Section 9, and Section 10 of IBC, 2016.

• Support for Interim Resolution Professionals (IRP), Resolution Professionals (RP), and Liquidators in handling insolvency cases.

• Providing complete assistance in drafting and filing petitions, attending hearings, and ensuring procedural compliance.

• Corporate Liquidation Process – Advising companies on the voluntary and compulsory liquidation process.

• Prepack Insolvency Resolution Process – Providing structured solutions for pre-agreed restructuring of distressed businesses.

• Individual Insolvency Proceedings – Representing individual debtors and creditors in personal insolvency cases.
  
  

4. Specialized Legal Support for Voluntary Insolvency & Liquidation:

• Voluntary Insolvency (Section 10 of IBC, 2016) – Assisting companies in filing for insolvency to restructure their debts efficiently.

• Voluntary Liquidation (Section 59 of IBC, 2016) – Ensuring a smooth and legally compliant exit strategy for solvent companies seeking to dissolve their operations.

• Dissolution of Companies (Section 54 of IBC, 2016) – Facilitating the final closure of businesses post-liquidation while ensuring compliance with all statutory requirements.
  
  

5. Filing & Drafting IBC Petitions:

• Drafting and filing petitions under Sections 7, 9, 10, and other applicable provisions of IBC, 2016.

• Preparing claims for creditors, employees, and stakeholders in insolvency proceedings.

• Ensuring all necessary documentation, statutory notices, and compliance for successful case filings.
  
  

6. Conducting & Managing Committee of Creditors (COC) Meetings:

• Full legal and administrative support for holding COC meetings as per IBC regulations.

• Drafting agendas, minutes, resolutions, and legal documentation for seamless decision-making.

• Assisting Resolution Professionals (RPs) in negotiating with creditors and finalizing resolution plans.
  
  

7. Resolution Applicants & Distressed Asset Management:

• Arranging Resolution Applicants for companies under CIRP, ensuring compliance with IBC guidelines.

• Facilitating negotiations between resolution applicants, creditors, and insolvency professionals for effective turnaround strategies.

• Assignment of Not Readily Realisable Assets (NRRA) – Helping in the evaluation, sale, and assignment of distressed assets.
  
  

8. Compliance & Regulatory Filings Under IBC:

• Providing complete compliance support for IBC, IPA (Insolvency Professional Agency) forms, and mandatory statutory notices.

• Ensuring timely and accurate regulatory filings with Insolvency and Bankruptcy Board of India (IBBI), NCLT, and other authorities.
  
  

9. Challenging Insolvency Impositions & Asset Recovery:

• Defending companies against wrongful insolvency petitions filed by creditors.

• Advising on strategies to challenge insolvency orders and protect corporate interests.

• Assisting creditors in filing recovery petitions under Sections 7 and 9 of IBC, 2016.

• Legal support for asset recovery cases, ensuring rightful claim settlement in insolvency and liquidation proceedings.
  
  

Why Choose Us?

✅ Expertise in IBC & Insolvency Matters – Deep knowledge and practical experience in handling insolvency and restructuring cases.
✅ Strong Tribunal Representation – Proven track record of representing clients effectively before NCLT, NCLAT, and higher courts.
✅ Strategic & Commercial Approach – Focused on delivering the best financial outcomes for businesses, creditors, and stakeholders.
✅ Seamless Compliance & Documentation – Ensuring all legal and regulatory filings are handled with precision.
✅ Client-Centric Solutions – Personalized strategies to suit the unique needs of distressed businesses and their stakeholders.

At Gurleen Legal, we are committed to helping businesses navigate financial distress while safeguarding their interests and ensuring legal and commercial success. Let our expert team guide you through the complexities of insolvency, restructuring, and asset recovery with confidence and clarity.