Bankruptcy & Insolvency Services
Bankruptcy and insolvency in India are primarily governed by the Insolvency and Bankruptcy Code, 2016 (IBC). The Code consolidates and amends the laws relating to reorganization and insolvency resolution for both corporate persons and individuals, ensuring time-bound and legally sound outcomes. Proceedings under the IBC are conducted before the National Company Law Tribunal (NCLT) or Debt Recovery Tribunals (DRT), depending on the nature of the entity.
Our Legal Services Covers
We assist corporate entities—whether operational or financial defaulters—in initiating or defending insolvency resolution proceedings under the Insolvency and Bankruptcy Code, 2016. Our services include representation before the National Company Law Tribunal (NCLT), due diligence of financial records, coordination with insolvency professionals, and preparation of necessary documentation. We also guide clients through the Corporate Insolvency Resolution Process (CIRP), facilitate participation in the Committee of Creditors (CoC), and help ensure all procedural and statutory compliances are effectively met to protect business interests.
For individuals facing serious financial distress, we provide structured legal assistance in both voluntary and involuntary bankruptcy matters under the provisions of the IBC and related laws. Our role involves evaluating the debtor’s financial position, preparing and filing petitions, advising on moratorium periods, and engaging with insolvency resolution professionals. We represent clients before the Debt Recovery Tribunal (DRT) and ensure that their rights and obligations are fully addressed within the framework of law while aiming for fair and timely debt resolution.
Financial and operational creditors have specific rights under the IBC to initiate insolvency proceedings and recover dues in a structured legal environment. Advocate Pannel assists creditors in filing appropriate applications before the NCLT or DRT, preparing claims and supporting evidence, and participating in CoC meetings. We advocate for creditor interests throughout the insolvency, resolution, or liquidation process and ensure that timelines, voting thresholds, and distribution of assets are in line with the legal mandate.
In cases where resolution is not achievable, liquidation becomes the final recourse under the Code. We offer end-to-end legal support during the liquidation phase, including coordination with the liquidator, assessment of asset valuation, filing of claims, and monitoring distribution among stakeholders. Our services ensure that statutory obligations under the IBC, Companies Act, and applicable rules are fulfilled, while minimizing legal risk and ensuring creditor and stakeholder protections during the winding-up process.
Our Approach
Bankruptcy proceedings require a careful understanding of legal rights, procedural timelines, and financial implications. At Advocate Panel, we ensure that every case is assessed on legal merit, documentation is handled precisely, and proceedings are conducted in accordance with the Code and regulatory guidelines. Our focus is on ensuring lawful debt resolution with professionalism, confidentiality, and strict adherence to legal protocols.