Expert Insolvency (IBC) Services
Comprehensive legal support for businesses facing financial challenges. Professional IBC resolution services for corporate debtors, creditors, and stakeholders across India.
Understanding IBC Services
Comprehensive legal support for businesses facing financial challenges
Corporate Insolvency Resolution
Complete CIRP management, creditor coordination, and resolution plan development for financially distressed companies.
Individual Bankruptcy
Personal insolvency resolution for individuals, partnership firms, and personal guarantors under IBC framework.
Business Restructuring
Strategic business restructuring, debt reorganization, and operational turnaround for viable businesses.
What is the Insolvency and Bankruptcy Code?
The Insolvency and Bankruptcy Code (IBC), 2016 is India's comprehensive bankruptcy law that consolidates and amends laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner.
Time-bound Resolution
Maximum 330 days for complete resolution process including all extensions
Creditor-in-Control
Committee of Creditors drives the resolution process with commercial wisdom
Professional Management
Licensed Insolvency Professionals manage the entire resolution process
Who Needs IBC Services?
Our insolvency and bankruptcy services cater to various stakeholders in the resolution process
Corporate Debtors
Companies facing financial distress or unable to pay debts
Financial Creditors
Banks, NBFCs, and financial institutions with outstanding dues
Operational Creditors
Suppliers, vendors, and service providers with unpaid invoices
Resolution Applicants
Investors and companies looking to acquire distressed assets
The IBC Resolution Process
A structured approach to insolvency resolution with defined timelines
Application Filing
Filing of insolvency application by creditors or corporate debtor before NCLT with required documentation.
CIRP Commencement
NCLT admits application, appoints Interim Resolution Professional, and declares moratorium on debts.
Resolution Planning
Committee of Creditors evaluates resolution plans submitted by resolution applicants within 180 days.
Resolution/Liquidation
NCLT approves resolution plan or orders liquidation if no viable plan is approved by creditors.
Eligibility & Requirements
Key criteria and documentation for IBC proceedings
Eligibility Criteria
Corporate Debtor
Default of ₹1 crore or more, registered company under Companies Act
Financial Creditor
Financial debt exists, proper documentation of loan/credit facility
Operational Creditor
Operational debt of ₹1 lakh or more, demand notice issued and unpaid
Required Documents
Financial Records
Audited financial statements, cash flow statements, asset valuations
Legal Documents
Loan agreements, security documents, board resolutions, corporate records
Operational Evidence
Invoices, delivery receipts, correspondence, demand notices
Our IBC Service Packages
Choose the right insolvency service package for your specific needs
Basic IBC
For straightforward cases
- Application Drafting & Filing
- NCLT Representation
- Document Preparation
- Basic Legal Advisory
Standard IBC
Comprehensive resolution support
- Complete CIRP Management
- Creditor Coordination
- Resolution Plan Review
- Asset Valuation Support
- Regular Case Updates
Premium IBC
End-to-end expert handling
- Senior Counsel Representation
- Strategic Advisory Services
- Cross-border Insolvency
- Litigation Management
- 24/7 Priority Support
Get Your Free IBC Consultation
Facing financial distress or need expert guidance on insolvency matters? Our specialized IBC team is here to provide comprehensive legal support. Get personalized advice tailored to your specific situation.
Request Your Free Consultation
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Why Choose Legal Chanakya?
Trusted by thousands of entrepreneurs across India
PAN India Service
Complete legal services across all states and union territories with local expertise and nationwide reach.
Expert Help
Qualified legal professionals and CA/CS experts with years of experience in business compliance.
Fast Service
Quick turnaround times with transparent processes and regular updates on your application status.
Affordable & Transparent Pricing
No hidden fees or surprise charges. Clear, upfront pricing with flexible payment options for all budgets.
End-to-End Support
Complete assistance from application to completion with dedicated relationship managers and 24/7 support.
100% Online & Paperless
Digital-first approach with secure online document management and e-signatures for hassle-free experience.
Trusted by Thousands of Happy Clients
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