---
title: "Insolvency & Bankruptcy"
date: 2025-01-12
author: "IndiaLaw LLP"
url: https://www.indialaw.in/expertise/insolvency-and-bankruptcy-laws/
---

![Insolvency and Bankruptcy Law Firm in India: IBC & NCLT](https://www.indialaw.in/wp-content/uploads/Insolvency-e1741584446875-1920x614.webp)

# Insolvency & Bankruptcy

## Leading Insolvency and Bankruptcy Law Firm in India for IBC, CIRP, and NCLT

We offer a 360-degree legal advisory platform for insolvency, bankruptcy, and corporate restructuring under Indian and cross-border frameworks. With extensive experience in high-stakes insolvency litigation, distressed M&A, creditor representation, and turnaround strategies, we assist financial and operational creditors, insolvency professionals, distressed investors, debt-laden companies, and acquirers at every stage of the resolution process.

Our team combines technical depth in the Insolvency and Bankruptcy Code, 2016 (IBC) with commercial pragmatism and sector-specific insights to unlock value in distressed situations—be it litigation, resolution, or strategic exit.

## Our Services

**Creditor Representation (Financial & Operational)**

- Filing of insolvency petitions under Section 7 and 9 of IBC
- Drafting and vetting of default notices, demand letters, and legal claims
- Representation before NCLT, NCLAT, and Supreme Court
- Advising on Committee of Creditors (CoC) participation, voting, and strategy
- Filing and adjudication of claims with Resolution Professional / Liquidator

**Corporate Debtor Advisory**

- Pre-insolvency planning and liability assessment
- Strategic advisory for companies facing financial distress or creditor pressure
- Assistance in preparing for CIRP, initiating voluntary insolvency under Section 10
- Guidance during moratorium, resolution, or liquidation phase
- Protecting promoters’ interests and advising on Section 29A disqualification risks

**Resolution Professional (RP) Support**

- Vetting and verification of creditor claims
- Drafting and issuing public announcements, invitations for EoIs, and evaluation criteria
- Legal support on avoidance transactions, preferential/fraudulent transactions, and PUFE analysis
- Advising on IBBI notifications and regualtions.
- Legal strategy for handling third-party litigation, contract repudiation, and asset monetization
- Drafting RP reports, coordinating with valuers and forensic auditors
- Section 29 A due diligence
- Resolution plan vetting.
- Representing the RP in NCLT, NCLAT, and appellate forums

**Committee of Creditors (CoC) Advisory**

We regularly represent and advise CoC members, including banks, NBFCs, ARCs, and other institutional creditors, on:

- Structuring and voting strategies under the IBC
- Reviewing and negotiating resolution plans, liquidation options, and distribution mechanisms
- Guidance on co-lending disputes, inter-se rights, and security sharing
- Advising on replacement of RP, plan modifications, and plan approval
- Ensuring regulatory compliance with RBI circulars, SEBI norms, and sectoral directions
- Coordination with forensic and financial advisors for informed CoC decision-making

**Resolution Applicant (RA) Advisory**

- Legal advisory for RAs and investors acquiring assets under IBC
- Drafting, structuring, and negotiation of resolution plans
- Conducting legal due diligence on corporate debtors and asset portfolios
- Liaison with Resolution Professionals, CoC, and regulators
- Representing RA in NCLT, NCLAT, and appellate forums
- Assistance in implementation, post-resolution compliance, and approvals

**Personal Guarantor Insolvency**

- Advisory to personal guarantors to corporate debtors under Part III of IBC
- Representation in insolvency proceedings 
- Filing of claims against guarantors and resolution of interlinked liabilities
- Defence in guarantee invocation, recovery suits, and criminal proceedings

**Liquidation & Asset Sale**

- Advisory to liquidators, secured creditors, and bidders in liquidation proceedings
- Drafting and vetting of liquidation plans, asset sale agreements, and priority distribution
- Representation in asset sale disputes, avoidance transactions, and claw-back claims
- Guidance on auction processes, security enforcement, and distribution waterfall

**Cross-Border Insolvency**

- Advising on recognition and enforcement of foreign insolvency proceedings under common law and emerging IBC framework
- Assistance to overseas creditors in asserting claims against Indian companies
- Coordination with international counsel in multi-jurisdictional insolvency and asset recovery
- Strategic inputs on UNCITRAL Model Law and developments in cross-border recognition

[![K.P. Sreejith, Founder at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/WhatsApp-Image-2025-05-05-at-7.36.47-PM-Photoroom-e1746454769277.png)

#### K.P. Sreejith

Founder

contact@indialaw.in](https://www.indialaw.in/people/adv-k-p-sreejith/)[![Shiju P V, Managing Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09750-Photoroom-e1746353050437.png)

#### Shiju P V

Managing Partner

contact@indialaw.in](https://www.indialaw.in/people/shiju-p-veettil/)[![Vinod P.V., Senior Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09780-e1746352790693.png)

#### Vinod P.V.

Senior Partner

contact@indialaw.in](https://www.indialaw.in/people/p-v-vinod/)[![Abdullah Qureshi, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/Abdullah-Photoroom-e1740651411590.png)

#### Abdullah Qureshi

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/adv-abdullah-qureshi/)[![G.P. Yash Vardhan, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/PHOTO-2025-05-05-12-07-54-Photoroom-e1746429103773.png)

#### G.P. Yash Vardhan

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/g-p-yash-vardhan/)[![Pranava Charan MG, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09659.png)

#### Pranava Charan MG

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/adv-pranava-charan-m-g/)[![Asav Rajan Arora, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/Asav.png)

#### Asav Rajan Arora

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/asav-rajan-arora/)[![Tannya Baranwal, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DSC09915.png)

#### Tannya Baranwal

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/tannya-baranwal/)[![Nim Dem Dorjee, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/Nim-e1740654696349.png)

#### Nim Dem Dorjee

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/nim-dem-dorjee/)[![Reetha D, Associate Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/reetha.png)

#### Reetha D

Associate Partner

contact@indialaw.in](https://www.indialaw.in/people/reetha-d/)

### FAQs

#### What does an insolvency and bankruptcy lawyer do in India?

An insolvency lawyer advises creditors, corporate debtors, resolution professionals, and acquirers through the corporate insolvency resolution process under the IBC, 2016. This includes filing petitions before NCLT, claims management, resolution plan advisory, distressed M&A, and liquidation proceedings.

#### When should a creditor consider filing an insolvency petition under the IBC?

A creditor should consider filing once a default of INR 1 crore or more is established and conventional recovery through DRT or SARFAESI has stalled. Early legal assessment helps determine whether Section 7 or Section 9 is the appropriate route and whether CIRP will yield better recovery than alternatives.

#### Which regulators and tribunals govern insolvency proceedings in India?

The Insolvency and Bankruptcy Board of India (IBBI) regulates insolvency professionals and the process framework. NCLT is the adjudicating authority for corporate insolvency, with appeals lying to NCLAT and then the Supreme Court. RBI directions also influence creditor conduct for regulated lenders.

#### What is the typical timeline for a corporate insolvency resolution process?

CIRP must be completed within 330 days from the admission date, including litigation time. The initial period is 180 days, extendable by 90 days. Delays often arise from claims adjudication, resolution plan negotiations, and challenges under Section 29A. Early preparation significantly reduces slippage.

#### What documents are needed to file an insolvency petition before NCLT?

Financial creditors need the loan agreement, record of default from an information utility or bank statements, and demand notices. Operational creditors must attach the invoice, proof of delivery, and a copy of the Section 8 demand notice. All filings follow prescribed IBBI forms.

#### What common mistakes do creditors make during insolvency proceedings?

Creditors often file incomplete claims, miss statutory deadlines for submitting proofs to the resolution professional, or fail to verify Section 29A eligibility of resolution applicants. Inadequate participation in CoC meetings can also dilute voting power and weaken recovery outcomes.

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# IndiaLaw LLP — Offices & Contact Details

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## General Contact

| | |
|---|---|
| **Website** | https://www.indialaw.in |
| **Primary email** | contact@indialaw.in |
| **Primary phone** | +91 836-9995919 |
| **Contact form** | https://www.indialaw.in/connect/ |
| **Careers (separate channel)** | https://www.indialaw.in/careers/ |


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## All Offices (9 locations across 8 cities)

### 1. Mumbai — Registered Office & Head Office (Apeejay Chambers)

| | |
|---|---|
| **Address** | Apeejay Chambers, Ground Floor, Wallace Street, Fort, Mumbai – 400 001 |
| **Phone** | [022-6924-7400](tel:02269247400) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate · IP |
| **Notes** | The HQ. 5 partners based here. Handles PAN-India litigation, arbitration, corporate, banking, IP and real estate practice. Largest team across all offices. |

### 2. Mumbai — Non-Litigation Office (Excelsior, Fort)

| | |
|---|---|
| **Address** | 4th Floor, New Excelsior Theatre Pvt. Ltd., Amrit Keshav Nayak Marg, Fort, Mumbai – 400 001 |
| **Phone** | [022-697-40500](tel:022-697-40500) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Non-litigation only — consultations, negotiations, transactional work |
| **Notes** | Opened 2024. Litigation and arbitration remain at the Apeejay Chambers head office. |

### 3. Delhi

| | |
|---|---|
| **Address** | Flat No. 1107 & 1108, Prakashdeep Building, Tolstoy Marg, Connaught Place, New Delhi – 110 001 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/delhi/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate |
| **Notes** | 3 partners based here. Located near the Supreme Court of India, Delhi High Court and other appellate bodies. |

### 4. Kolkata

| | |
|---|---|
| **Address** | Centre Point Building, Room No. 214, 2nd Floor, Premises No. 21, Hemanta Basu Sarani, Opp. Great Eastern Hotel, P.S. Hare Street, Kolkata – 700 001, West Bengal |
| **Phone** | [+91 33 4813 1001](tel:+913348131001) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/kolkata/ |
| **Practice focus** | Insolvency & Bankruptcy · Commercial & Civil Litigation · Arbitration · Banking Litigation · Real Estate · Labour & Employment · Consumer |
| **Notes** | Advises banks, NBFCs, MSMEs and corporates on transactions and dispute resolution. Works in close coordination with the Mumbai HO. |

### 5. Chennai

| | |
|---|---|
| **Address** | GF-A, 19 Casa Major Road, Egmore, Chennai – 600 008 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/chennai/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Full-fledged office with experienced legal team. Supported by Mumbai HO. |

### 6. Bengaluru (Bangalore)

| | |
|---|---|
| **Address** | INDIALAW LLP, No. 7 Chinnaswamy Mudaliar Road, Shivaji Nagar, Bangalore – 560 051 |
| **Phone** | [080-4167-2444](tel:08041672444) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/bengaluru/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate · Family Laws · Labour |
| **Notes** | Located near Bangalore High Court. Handles corporate, commercial, banking and matrimonial disputes. |

### 7. Hyderabad

| | |
|---|---|
| **Address** | 403, 4th Floor, Sanatana Ecstasy Building, beside Tanishq Show Room, Himayathnagar, Hyderabad – 500 029, Telangana |
| **Phone** | [040-6666-5166](tel:04066665166) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/hyderabad/ |
| **Practice focus** | Litigation · Banking · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Particularly well known for complex banking matters and real estate transactions. |

### 8. Cochin (Kochi)

| | |
|---|---|
| **Address** | Second Floor, Pulikkal Building, K.K. Padmanabhan Road, Ernakulam North – 682 018, Kerala |
| **Phone** | [0484-3583961](tel:04843583961) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/cochin/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Commercial disputes, property litigation, financial-claim arbitrations and real estate transactions. |

### 9. Noida (NCR)

| | |
|---|---|
| **Address** | No. 16 & 17, Silver Offices, 17th Floor, Wave One, Sector 18, Noida – 201 301 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/noida/ |
| **Practice focus** | Aviation · Insurance · Mergers & Acquisitions · Corporate |
| **Office head** | **Mr. Dinesh Gupta** (joined August 2025 to lead and expand the corporate practice) |
| **Notes** | Newest office. Sector-focused on highly regulated industries serving NCR-based clients. |

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## Quick-Dial Phone List

| Office | Phone |
|---|---|
| Mumbai HO (Apeejay) | 022-6924-7400 |
| Mumbai Excelsior | 022-697-40500 |
| Kolkata | +91 33 4813 1001 |
| Bengaluru | 080-4167-2444 |
| Hyderabad | 040-6666-5166 |
| Cochin | 0484-3583961 |
| **General / Marketing line** | **+91 836-9995919** |

Delhi, Chennai and Noida route through the general number.

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## Social Channels

- LinkedIn: https://www.linkedin.com/company/indialaw
- X / Twitter: https://twitter.com/Indialawmumbai
- Facebook: https://www.facebook.com/indialawllp/
- Instagram: https://www.instagram.com/indialawllp

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