Insolvency And Bankruptcy

Best Insolvency & Bankruptcy Lawyers In India

Insolvency and bankruptcy in India had become one of the biggest challenges for the Indian economy in the last decade especially since the insolvency law in India was ancient and archaic. Recognizing that reforms in the insolvency and bankruptcy regime are critical for improving the business environment and alleviating distressed credit markets, the Government of India introduced the Insolvency and Bankruptcy Code Bill in November 2015, drafted by a specially constituted ‘Bankruptcy Law Reforms Committee’ (BLRC) under the Ministry of Finance. After a public consultation process and recommendations from a joint committee of Parliament, both houses of Parliament passed the Insolvency and Bankruptcy Code, 2016 (“Code/IBC”).

The revised insolvency and bankruptcy law offers a uniform, comprehensive insolvency legislation encompassing all companies, partnerships and individuals (other than financial firms). The Government of India is proposing a separate framework for bankruptcy resolution in failing banks and financial sector entities.

  • The Code proposes a paradigm shift from the existing ‘Debtor in possession’ to a ‘Creditor in control’ regime.
  • The Code aims to resolve insolvencies in a strict time-bound manner, where the moratorium period is of 180 days (extendable up to 270 days) for the Company, and, the Insolvency Professional shall take over the management of the Company.
  • The Code clearly defines the ‘order of priority’ or the waterfall mechanism. Government dues shall now be junior to most others.
  • Antecedent transactions can be investigated and in case of any illegal diversion of assets, personal contribution can be ordered by tribunal.
  • The Code has an overriding effect on all other laws relating to insolvency and bankruptcy.

Since its inception A&A has been regularly appearing for their clients in all Company Law Tribunals and helping their clients recover their rightful dues. We have a team of experienced insolvency and bankruptcy lawyers, they handling cases for and against financial creditors as well as operational creditors in a time bound and cost-effective manner. A&A if amongst the select few law firms in India who have been representing its clients across all 11 benches of the National Company Law Tribunals and also in the National Company Law Appellate Tribunal.

Ahlawat and Associates is one of the leading Insolvency and Bankruptcy Law Firms headquartered in Delhi NCR serving clients PAN India including cities such as Bangalore, Mumbai, Chennai, Hyderabad, Chandigarh, Pune, Gurugram, Kolkata.

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Experienced Team

A&A is among the top corporate law firms in India. At A&A, we believe that we are as good as our team, Our principle has guided us to ensure that we have the best corporate lawyers in India based at our main offices while the leading corporate lawyers in other parts of the world run our various practices across the nation, thus ensuring optimum management and service of even the most complex transactions. It is due to our standards of professional responsibility when dealing with our clients and various matters, which we stringently abide by that has enabled us to qualify as one of the reputed corporate law firms in India.

Industry Experience

Whilst A&A commercial law services has been able to cater to legal needs pan India as well as globally, its main founding office and headquarters is in Delhi and it is due to this foothold. A&A corporate lawyer in India has played a vital role in providing advice to the government on various legal and policy-related issues and is amongst the few corporate law firms in India to have the experience and optimal understanding of interpretation and drafting of policy matters.

Client-Centric Approach

A&A adopts an approach that demands the highest levels of knowledge, technical skill and service delivery allowing us to provide accurate, reliable, timely, and cost-effective advice while maintaining international standards of excellence and create a bespoke approach for every client and their business. Our commercial law solicitors unique perspective of working on our client’s matters as a critical part of their team allows us to address their problems like our own. We believe that each client comes with different requirements and concerns – and we work tirelessly to achieve their goals and pursue their objectives.

Cost-Efficient

We make sure that our fee structure and the legal costs involved are very transparent and predictable for our clients. We believe that client relationships are based on trust and a sense of common purpose and we never falter on our promise making us one of the best corporate law firms in India. Our priority has been to deliver the best legal & business solutions and our fee arrangements are tailored to the needs of the client, the client’s goals, and the nature of the matter.

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