Insolvency Services Overview

Q: What is insolvency and how does the IBC address it?

Insolvency is when a person or company cannot pay its debts as they fall due. India's Insolvency and Bankruptcy Code, 2016 provides a time-bound framework to resolve it by reviving the business through a resolution plan or, if not viable, through orderly liquidation overseen by the NCLT.

Q: What is the Corporate Insolvency Resolution Process (CIRP)?

CIRP is the process under the IBC for resolving a corporate debtor's insolvency. It begins with appointing an Interim Resolution Professional, forming a Committee of Creditors, and evaluating resolution plans to revive the business, proceeding to liquidation if no plan is approved.

Q: Who can initiate insolvency proceedings?

Under the IBC, proceedings against a corporate debtor can generally be initiated by financial creditors, operational creditors, or the corporate debtor itself, subject to the Code's conditions and thresholds, with operational creditors usually issuing a demand notice first.

Q: What role do professionals play in insolvency?

Key roles such as the Interim Resolution Professional, Resolution Professional, and Liquidator must be performed by a registered Insolvency Professional, who manages the process, takes control of the debtor's affairs as applicable, deals with creditors, and works toward resolution or liquidation.

Expert Guidance Through Insolvency, Resolution, and Liquidation Under the IBC

When a company cannot pay its debts, the situation is stressful and time-sensitive for everyone involved — the company, its creditors, employees, and other stakeholders. India's Insolvency and Bankruptcy Code, 2016 (IBC) provides a structured, time-bound framework to resolve insolvency, either by reviving a viable business through a resolution plan or, where revival is not possible, by an orderly liquidation. Navigating this process correctly requires specialised professional support at every stage.

Our insolvency services provide comprehensive support across the IBC framework — from the corporate insolvency resolution process to liquidation and voluntary winding up — carried out and supported by qualified professionals. Whether you are a creditor, a debtor, or another stakeholder, we help you understand your position and protect your interests. Explore our specific services including the Interim Resolution Professional, Resolution Professional, and Liquidator roles.

Our Insolvency Services

Insolvency Resolution

Support through the corporate insolvency resolution process (CIRP) under the IBC.

Interim & Resolution Professional

Services in the IRP and RP roles, performed by a registered Insolvency Professional.

Liquidation

Support with liquidation where a resolution is not achieved.

Voluntary Liquidation

Assistance for solvent companies choosing to wind up voluntarily.

Creditor Support

Guidance for financial and operational creditors asserting their claims.

Demand Notice Consultation

Consultation for operational creditors on issuing a statutory demand notice.

Benefits of Professional Insolvency Support

Clear guidance through a complex, time-bound legal process
Support at every stage, from initiation to resolution or liquidation
Protection of your interests as a creditor, debtor, or stakeholder
Services aligned with the IBC and regulatory requirements
Experienced professionals managing sensitive situations
A structured path toward the best achievable outcome

Frequently Asked Questions

What is insolvency and how does the IBC address it?

Insolvency is when a person or company is unable to pay its debts as they fall due. India's Insolvency and Bankruptcy Code, 2016 (IBC) provides a structured, time-bound framework to deal with this — either resolving the insolvency by reviving the business through a resolution plan or, if revival is not viable, through an orderly liquidation, overseen by the National Company Law Tribunal (NCLT).

What is the Corporate Insolvency Resolution Process (CIRP)?

CIRP is the process under the IBC for resolving the insolvency of a corporate debtor. It typically begins with the appointment of an Interim Resolution Professional, formation of a Committee of Creditors, and invitation and evaluation of resolution plans, with the aim of reviving the business. If no plan is approved, the company may proceed to liquidation.

Who can initiate insolvency proceedings?

Under the IBC, insolvency proceedings against a corporate debtor can generally be initiated by financial creditors, operational creditors, or the corporate debtor itself, subject to the conditions and thresholds in the Code. Operational creditors are usually required to first issue a demand notice before applying.

What role do professionals play in insolvency?

Key roles under the IBC — such as the Interim Resolution Professional, Resolution Professional, and Liquidator — must be performed by a registered Insolvency Professional. These professionals manage the process, take control of the debtor's affairs as applicable, deal with creditors, and work toward resolution or orderly liquidation in line with the law.

I am a creditor owed money — how can you help?

We help creditors understand their rights and options under the IBC, prepare and submit claims, and, for operational creditors, issue the required demand notice before initiating proceedings. Our aim is to help you assert your position effectively and pursue recovery through the appropriate process.

Navigate Insolvency with Expert Support

Comprehensive insolvency services across resolution, liquidation, and creditor support under the IBC.