Insolvency & Bankruptcy Code
Expert Legal Solutions for Insolvency, Bankruptcy, and Business Restructuring in India
Insolvency and Bankruptcy Code, Insolvency Law
If you’re dealing with financial trouble or insolvency issues, you need lawyers who know the IBC inside out. At Foresight Law Offices, our team—commercial, banking and corporate finance experts—steps in right when you need it most. We don’t just know the law; we know how to make it work for you, whether you’re a creditor, a debtor, or a resolution professional trying to find the best path forward.
Leading IBC Lawyers in India
Financial problems can put a business on the edge. But with the right legal support, there’s always a way out—either recovery or a smooth closure. That’s where we come in. We focus on the Insolvency and Bankruptcy Code (IBC) and build solutions around your specific situation.
All Area of Expertise
What We Do
Corporate Insolvency Resolution Process
We help creditors—both financial and operational—kick off insolvency proceedings under the IBC. If you’re a debtor, we guide you through restructuring, revival, or whatever it takes to get you back on your feet.
Representation at NCLT & NCLAT
When it’s time to stand before the National Company Law Tribunal (NCLT) or the Appellate Tribunal (NCLAT), our banking and corporate finance lawyers handle everything. We represent you in all IBC cases, from start to finish.
Resolution Plan Drafting & Negotiations
We don’t just draft resolution plans that check legal boxes—they actually work in the real world and protect your interests. We handle negotiations, too, making sure every stakeholder gets a fair shake.
Frequently Asked Questions (FAQs)
What’s the point of the Insolvency & Bankruptcy Code (IBC) 2024?
The IBC 2024 makes insolvency resolution faster and clearer, for both companies and individuals. Creditors get better protection, and the process doesn’t drag on forever. IBC lawyers file your cases with the NCLT and help you through restructuring or liquidation.
Who can start insolvency proceedings under the IBC?
Financial creditors, operational creditors, and even companies themselves can file for insolvency—under Section 7, 9, or 10 of the IBC. Our team handles your petitions, paperwork, and represents you before the tribunals.
How long does the IBC process take?
The whole thing needs to wrap up in 330 days, including any appeals. The 2024 IBC update sets even tighter deadlines and puts more responsibility on Resolution Professionals to keep things moving.
Can promoters take part in the resolution process?
Some promoters and related parties are barred under Section 29A. Still, our commercial lawyers can help you figure out if you’re eligible and explore options for restructuring or settlements under the new IBC rules.
What happens after a liquidation order?
The liquidator steps in, sells off assets, pays out the proceeds based on the IBC’s priority order, and then shuts down operations—simple as that.
