Insolvency and bankruptcy in India have posed significant challenges, particularly due to outdated laws. Recognizing the need for reform, the Government of India introduced the Insolvency and Bankruptcy Code, 2016 (IBC), bringing a comprehensive and uniform insolvency framework for all companies, partnerships, and individuals. This code marks a paradigm shift to a ‘Creditor in control’ regime, aiming to resolve insolvencies in a time-bound manner with clear prioritization of claims. JBR Law Firm has extensive experience in representing clients across all National Company Law Tribunals (NCLTs) ,Appellate Tribunals and Supreme Court in providing robust legal support in insolvency and bankruptcy matters.
Our Services
Corporate Insolvency Resolution Process (CIRP)
We advise and represent corporate debtors, financial creditors, and operational creditors in initiating and managing the CIRP. This includes extensive preparation and submitting insolvency applications and claims, ensuring compliance with legal requirements. Our team also serves as Resolution Professionals or provides advisory support to them, guiding through the management of CIRP effectively.
Liquidation Proceedings
We guide clients through the liquidation process, from preparing and submitting liquidation applications to representing stakeholders in proceedings before the NCLT and other relevant forums. We also advise on asset distribution and claim settlements during liquidation.
Pre-Packaged Insolvency Resolution Process
We assist eligible corporate debtors in the pre-packaged insolvency resolution process, facilitating the preparation and submission of resolution plans and negotiations with creditors, ensuring smooth and efficient proceedings.
Debt Recovery
Our team represents financial institutions, banks, and other creditors in debt recovery proceedings under the IBC. We provide strategic advice on enforcing security interests and recovering dues through insolvency proceedings, protecting our clients’ financial interests.
Advisory Services
We offer strategic advice on various insolvency and bankruptcy matters, including debt restructuring, settlement negotiations, and risk mitigation. Our team helps clients understand the legal implications and compliance requirements under the IBC, enabling informed decision-making.
Representation before Adjudicating Authorities
We represent clients in proceedings before the NCLT, National Company Law Appellate Tribunal (NCLAT), Supreme Court and other judicial and quasi-judicial bodies. Our team handles appeals and challenges, ensuring effective presentation and protection of clients’ interests.
Cross-Border Insolvency
We advise on cross-border insolvency issues, including recognition and enforcement of foreign insolvency proceedings in India. Our team assists foreign creditors and debtors in navigating the Indian insolvency framework, ensuring compliance with international standards.
Resolution Plans
Our team drafts, vets, and negotiates resolution plans submitted by prospective resolution applicants. We provide advice on the feasibility and viability of resolution plans, ensuring they meet legal requirements and benefit all stakeholders.
Voluntary Liquidation
We assist companies in initiating and completing voluntary liquidation proceedings, ensuring statutory compliance. Our team advises on asset distribution and related matters, facilitating an efficient liquidation process.
Stakeholder Engagement
We engage with various stakeholders, including creditors, shareholders, employees, and regulatory authorities, to ensure smooth resolution of insolvency matters. Our team conducts creditor meetings, coordinates with committees of creditors, and manages communications.
Advisory on Legislative Drafting and Amendments
We provide guidance on drafting and amending insolvency-related legislation. Our expertise ensures that legal frameworks are robust and effective in addressing insolvency issues.
Implementation of Government Projects
We advise on the implementation of government and state entity projects and joint ventures under various models such as EPC, DBFOT, BOT, and PPP. Our services include drafting project documents and advising on compliance with regulatory frameworks.
Functioning and Regulatory Framework
We provide advisory services on the regulatory frameworks governing public sector undertakings, state-run corporations, and other entities. This includes compliance with corporate/commercial laws, RERA, local land regulations, building bye-laws, and other sector-specific legislations.
Bidding and Tender Process
We offer comprehensive support in the bidding and tender process, including drafting model bid documents, selection procedures, and handling communications with bidders, vendors, and contractors.
Drafting and Vetting Contracts
Our team drafts and vets a wide range of commercial contracts and project documents, including lease agreements, procurement contracts, consortium agreements, concession agreements, escrow agreements, service level agreements, and other legal documents required for insolvency proceedings.
Clients
Our clients include corporate debtors, financial creditors, operational creditors, insolvency professionals, banks, financial institutions, investors, multinational corporations, small and medium enterprises (SMEs), high-net-worth individuals (HNIs), non-resident Indians (NRIs), and government entities.
Sectors
We provide insolvency and bankruptcy services across various sectors, including technology, finance, manufacturing, healthcare, retail, real estate, hospitality, transportation, energy, pharmaceuticals, media and entertainment, telecommunications, education, agriculture, insurance, logistics, professional services, oil and gas, power and energy, fast-moving consumer goods (FMCG), infrastructure, mining, and the environment.
JBR Law Firm’s expertise in handling IBC matters ensures that our clients receive tailored, effective, and efficient legal solutions to navigate the complexities of insolvency and bankruptcy proceedings, safeguarding their interests and facilitating the best possible outcomes.
