Insolvency appeal before NCLAT challenging proceedings involving Veira Electronics; tribunal heard arguments, reserved orders, and permitted filing of short written submissions by the parties.
Insolvency, Restructuring and Bankruptcy
Protecting Interests. Preserving Value. Navigating Complexity.
At Foresight Law Offices, our Insolvency, Restructuring and Bankruptcy practice advises creditors, debtors, resolution professionals, and investors across the full spectrum of insolvency and financial distress situations. We combine technical expertise under the Insolvency and Bankruptcy Code with strategic commercial insight to protect interests, recover value, and implement effective restructuring solutions.
Services we offer
Creditor & Debtor Advisory
- Initiating and prosecuting insolvency proceedings before NCLT for financial and operational creditors
- Advisory to corporate debtors and promoters on rights and strategy under the IBC
- Moratorium scope, implications, and interaction with enforcement and regulatory actions
Resolution Process Support
- Legal support to resolution professionals on claims verification, CoC meetings, and statutory timelines
- Advising committees of creditors on resolution plans, voting rights, and interim finance
- Filing, substantiating, and defending creditor claims before resolution professionals
Restructuring & Debt Resolution
- Out-of-court debt restructuring, standstill agreements, and multi-creditor coordination
- Pre-packaged insolvency resolution including base plan preparation and expedited timelines
- Schemes of arrangement, compromises, and reconstruction under company law and NCLT
Resolution Plans & Distressed Assets
- Structuring and submitting resolution plans with creditor class treatment and eligibility compliance
- Distressed asset acquisitions through insolvency processes for investors and ARCs
- Due diligence, transaction structuring, and regulatory compliance for distressed transactions
Security Enforcement & Liquidation
- SARFAESI proceedings, debt recovery applications, and security interest enforcement
- Asset realisation, creditor distribution, and avoidance of fraudulent transactions in liquidation
- Parallel management of enforcement and insolvency proceedings for secured creditors
Personal Insolvency & Cross-Border Matters
- Advisory to individuals and personal guarantors on insolvency and guarantor liability
- Cross-border insolvency involving foreign creditors, multinational debtors, and multi-jurisdictional assets
- Coordination with international counsel on recognition and enforcement of foreign proceedings
Regulatory Coordination
- Managing regulatory notifications and approvals during insolvency and restructuring
- Post-approval compliance advisory for resolution professionals and successful applicants
- Coordinating with sector regulators for resolution plan implementation
Area of Expertise
Key Deals & Landmark Matters
NU-World Industries (Pty) Ltd. vs Veira Electronics Pvt. Ltd.
State Bank of Bikaner and Jaipur vs S. Ponnusamy & Ors.
NCDRC dismissed revision petition filed by the bank, upholding concurrent findings of deficiency in service for failing to notify the insurer of a change in the insured premises.
Eminent Officers Welfare Society vs Cent Bank Home Finance Limited
Filed securitisation application before DRT-II Delhi challenging recovery measures taken by Cent Bank Home Finance Limited; matter remains pending and was adjourned due to the presiding officer’s absence.
Nishant Singhal vs Hasti Mal Kachhara
Company appeal before NCLAT addressing shareholder rights and corporate governance disputes, with the appellate tribunal examining the merits of underlying company law violations and consequential relief.
Kleanaair Equipments vs Wheezal Homoeo Pharma
concerning supply agreements and payment defaults, followed by execution proceedings in which the Civil Judge enforced the decree upon examining evidence and contractual terms.
Chennai Financial Markets vs Govt. of India
Filed writ petition before the Delhi High Court challenging a governmental decision concerning financial markets regulation, seeking judicial review of the policy action and consequential directions.
Rajesh @ Rajesh Kumar vs Canara Bank & Ors.
Challenged a loan recovery judgment before the Delhi High Court, contesting the factual basis and legal conclusions underlying proceedings initiated by Canara Bank against the appellant.
M/s DSP Associates vs Union of India
Appeal examined procedural aspects of the SARFAESI Act and the rights of secured creditors, with the Supreme Court reviewing the Union of India’s decision on its applicability.
M/s L&T Housing Finance Ltd. vs M/s Trishul Developers
Supreme Court held that minor procedural lapses in SARFAESI Act notices do not invalidate enforcement proceedings unless the borrower demonstrates substantial prejudice from such procedural irregularities.
M/s Ofb Tech Private Limited vs M/s Kkspun India Ltd.
Contractual dispute involving six purchase orders for construction materials worth over ₹6 crore escalated to the Supreme Court following the Delhi High Court’s decision in September 2022.
M/s Kkspun India Ltd. vs Ofb Tech Pvt. Ltd. & Ors.
Filed commercial suit in Delhi High Court seeking an ad-interim injunction restraining operation of demand letters issued by the defendant, raising disputed contractual obligations between the parties.
Sachin Murlidhar Pawar Vs Nu World Global Hong Kong Ltd. & Anr.
An appeal was filed before the National Company Law Appellate Tribunal challenging the National Company Law Tribunal’s admission of an insolvency petition under the Insolvency and Bankruptcy Code. The appeal questioned the identity and standing of the alleged operational creditor and raised issues concerning the maintainability and validity of the insolvency proceedings initiated.
Events
The Summit brought together leaders from policy, law, technology, and global trade to discuss regulation, innovation, and globalization. Conversations spanned regulatory frameworks, digital finance, cybersecurity, arbitration, and cross-border compliance — marking a step toward India's vision for Viksit Bharat 2047.
Varun Singh moderated a panel on India's rapidly evolving arbitration landscape, with a clear push towards ADR and minimal judicial intervention. The panel reflected on India positioning itself as a global arbitration hub, with 2026 potentially marking a defining moment
Media Coverage
With over 900 million internet users and an anticipated one-trillion dollar digital market by 2026, India is at the forefront of global digital innovation (Ministry of Electronics and Information Technology, 2023).
The stringent regulations from the Central Bank of India are proving instrumental in reshaping the fintech ecosystem in the country.
For decades, Indian businesses relied on size as a shield against regulatory risks and commercial disputes. Large law firms, expansive teams, and layered hierarchies were assumed to guarantee safety.
Imagine a corporate debtor undergoing the Corporate Insolvency Resolution Process. Every rupee lying in its bank accounts becomes critical to […]
The Insolvency and Bankruptcy Code Amendment Bill (“IBC Amendment Bill, 2025”) was tabled in the Lok Sabha on August 12, […]
In recent months, the shifting regulatory landscape — especially at RBI — is reshaping the risk and compliance playbook for NBFCs and their fintech partners. Among the many emerging legal challenges, one stands out as particularly acute: the tightening of Default-Loss Guarantees (DLGs) and their impact on NBFC-fintech lending models.
In India, the insolvency law is governed by the Insolvency and Bankruptcy Code, 2016. Insolvency of a company comprises of […]
The ‘NSE co-location’ case is a security market scam that surfaced owing to the courage of a whistle-blower in 2015, in which some brokers and National Stock Exchange (“NSE”) officials were involved in sabotaging the system for securing gains during the market trade