INSOLVENCY & BANKRUPTCY (IBC)
Overview
Insolvency and Bankruptcy laws play a critical role in resolving financial distress and ensuring timely recovery of debts while maintaining the balance between creditors and debtors. With the introduction of the Insolvency and Bankruptcy Code, 2016 (IBC), India has established a structured and time-bound framework for insolvency resolution and liquidation of corporate entities.
At HRS Law Firm, we provide comprehensive legal services in insolvency and bankruptcy matters, assisting clients in navigating complex proceedings, protecting their financial interests, and achieving effective resolution of distressed assets.
Scope of Services
Our firm offers end-to-end legal assistance in insolvency and bankruptcy matters under the IBC framework. We represent financial creditors, operational creditors, and corporate debtors in initiating and defending insolvency proceedings before the Hon’ble National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT).
We assist clients in filing applications under Sections 7, 9, and 10 of the IBC, ensuring that all procedural and legal requirements are fulfilled with precision. Our team provides strategic advisory on insolvency initiation, helping clients assess the viability and implications of proceedings before taking legal action.
We also advise creditors and stakeholders during the Corporate Insolvency Resolution Process (CIRP), including participation in Committee of Creditors (CoC), evaluation of resolution plans, and safeguarding their financial interests throughout the process.
Our services extend to drafting, reviewing, and negotiating resolution plans, ensuring compliance with statutory requirements and alignment with commercial objectives. We assist in identifying risks and structuring viable solutions for revival or restructuring of distressed businesses.
In addition, we handle liquidation proceedings, advising clients on asset realization, distribution of proceeds, and compliance with applicable regulations. We also assist in enforcement of rights arising out of insolvency proceedings and recovery actions.
Our approach
Our approach is practical, result-driven, and client-centric. We focus on achieving speedy recovery of dues through efficient use of conciliation and arbitration mechanisms provided under the MSMED Act.
We emphasize strong documentation, timely action, and strategic representation to ensure favorable outcomes for our clients. By combining legal expertise with commercial understanding, we help MSMEs recover their dues while maintaining business relationships wherever possible.
Key Deliverables
Our services result in effective recovery strategies, properly drafted legal documents, and strong representation before the Facilitation Council. Clients benefit from structured legal proceedings, timely resolution of disputes, and maximized recovery of outstanding dues.
Why HRS Law Firm
HRS Law Firm brings deep expertise in dispute resolution and recovery matters, enabling us to provide effective legal solutions for MSMEs. Our understanding of the MSMED Act and related procedures ensures that clients receive accurate, reliable, and result-oriented legal support.
We are committed to protecting the rights of MSMEs, ensuring compliance with legal processes, and delivering timely outcomes that support business continuity and growth.
Conclusion
Timely recovery of dues is crucial for the sustainability and growth of MSMEs. With the legal framework provided under the MSMED Act, businesses have a strong mechanism to address delayed payments. HRS Law Firm provides comprehensive legal support to help MSMEs navigate these processes efficiently and secure their rightful dues.
Engage HRS Law Firm for effective MSME recovery services and Facilitation Council representation to ensure timely realization of dues and protection of your legal rights.