Insolvency & Bankruptcy

SKAV LAWIANS LLP stands as India’s top-ranked and most experienced legal practice focused on the Insolvency and Bankruptcy Code (IBC). Our dedicated team specializes in navigating IBC matters across the National Company Law Tribunal (NCLT) locations in Ahmedabad, Mumbai, Bengaluru, Kolkata, New Delhi, and Indore, addressing a broad spectrum of IBC-related issues.

Objective of the IBC

The IBC was introduced to facilitate a streamlined process for insolvency resolution and debt recovery, significantly evolving from its original intent. The Supreme Court has highlighted the true purpose and goals of the IBC in landmark judgments, emphasizing the importance of creditor protection.

Utilizing the IBC

Our practice is adept at representing both companies and employees who file under the IBC to recover dues and obligations as creditors. We have observed a substantial increase in applications filed with the NCLT, indicating a growing recognition of the IBC’s effectiveness in addressing financial distress. Companies are increasingly scrutinizing unrealized sale revenues and outstanding debts, leading to a surge in the number of IBC applications.

Our firm has played a pivotal role in a significant number of IBC applications filed in the NCLT, navigating complex cases and advocating for our clients’ interests. We anticipate various adjustments to the IBC framework to address unique challenges faced by our clients.

At SKAV LAWIANS LLP, we are committed to safeguarding creditors’ interests while ensuring compliance with the evolving landscape of insolvency law in India.

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