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Bankruptcy and insolvency law in India is primarily governed by the Insolvency and Bankruptcy Code (IBC). It provides a time-bound process for resolving insolvency.
Insolvency lawyers assist creditors and debtors in the Corporate Insolvency Resolution Process (CIRP), handling NCLT filings and restructuring plans.
The IBC has strict timelines and procedures. A specialized lawyer ensures that your claims are filed correctly and represents your interests in the Committee of Creditors (CoC) or before the NCLT.
Talk to a SpecialistThe process starts with an application to the NCLT. If admitted, an Interim Resolution Professional (IRP) is appointed to manage the company while a resolution plan is sought.