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Corporate Law/ Insolvency And Bankruptcy Code

THE INSOLVENCY AND BANKRUPTCY CODE 2016

We are a leading law firm, and here we also deal with the dispute related to insolvency, and bankruptcy, by helping to provide the relief to financial, operational creditors and also to the company itself (Corporate applicants means debtors ) in time bound and cost effective manner with our best knowledge of the Code.

The Insolvency and Bankruptcy Code, 2016 (31 of 2016) (“the Code”) came into effect with the assent of the President of India on 28th May 2016. In a notification dated 1st June, 2016, the Central Government had constituted 11 benches of the National Company Law Tribunal (NCLT) in different states. Under Part II, Chapter VI of the Code, National Company Law Tribunal (NCLT) would be adjudicating authority for insolvency resolution and liquidation of Companies, Limited Liability Partnerships (LLPs), any entity with limited liability under any law and bankruptcy of personal guarantors thereof. The Code provides for designating the NCLT and the Debts Recovery Tribunal (DRT) as the Adjudicating Authorities for corporate persons, firms and individuals for resolution of insolvency, liquidation and bankruptcy.

Our lawyer’s team practice in this space includes advising companies investing in distressed entities undergoing insolvency proceedings as well as assisting insolvency professionals in proceedings against sick companies, among others. Our lawyers regularly represent its clients
in Company Law Tribunals and help them recover their rightful dues.

Amicus has a well-rounded and sizeable practice litigation work in the area of insolvency and bankruptcy. It advises its clients on individual and corporate bankruptcy, and other related matters. Owing to its expertise in the insolvency and bankruptcy code, commercial and corporate laws, amicus leverages its extensive experience across numerous practice areas to identify key challenges arising in such proceedings.

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