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Services Covered
What's Included
CIRP Filing (Section 7 & 9 Applications)
Corporate Insolvency Resolution Process
Oppression & Mismanagement Petitions
Resolution Plan Structuring
Liquidation Proceedings
Merger & Amalgamation Approvals
Class Action Suits (Section 245)
NCLAT Appeals
Services Covered
How It Works
Consultation & Assessment
We assess the financial position of the debtor, advise on the applicable IBC provisions and identify the best approach — CIRP, liquidation or out-of-court settlement.
Filing & Admission
We prepare and file the petition before the appropriate NCLT bench and represent you at the admission hearing.
Resolution or Liquidation
We guide the resolution applicant through plan approval or, if resolution fails, manage the liquidation process and asset distribution in compliance with the IBC waterfall.
CIRP Proceedings
We assist in the appointment of an IRP/RP, advise on the claims process, monitor committee of creditors meetings and evaluate resolution plans.
Services Covered
Frequently Asked Questions
Who can file for insolvency under the IBC?
A financial creditor, operational creditor or the corporate debtor itself can initiate CIRP before the NCLT. The minimum threshold for financial creditors is ₹1 crore.
What is the CIRP timeline?
CIRP must be completed within 180 days, extendable to 270 days by the NCLT in complex cases. If no resolution plan is approved within this period, the company goes into liquidation.
Can I stop a CIRP once it is initiated against my company?
A CIRP can be settled and withdrawn with NCLT approval if the debtor repays the debt in full before the application is admitted. After admission, settlement requires CoC approval and NCLT sanction.
What is an oppression and mismanagement petition?
A petition under Section 241/242 of the Companies Act can be filed by minority shareholders alleging that the affairs of the company are being conducted in a manner prejudicial to their interests.
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