Request a initial case assessment FAQ Case Studies Insolvency Lawyer India (IBC 2016) Insolvency Lawyer India (IBC 2016) Expert Consulting — Serving Clients Across India Expert Consulting — Serving Clients Across India Home / Services / Insolvency Lawyer India ( IBC 2016) Q U I C K A N S W E R An NCLT or insolvency matter usually needs immediate review of default , board records , creditor position , and filing readiness under the Companies Act or IBC 2016. Early case framing often decides whether the matter moves toward admission , defense , settlement , or restructuring Bench strategy , evidence quality , and procedural timing matter as much as the legal ground itself Founders , creditors , resolution professionals , and directors each need a different response path Insolvency Lawyer India (IBC 2016) at a glance When clients usually contact us Section 7, 9, or 10 insolvency filing or defense Oppression and mismanagement , deadlock , or governance dispute Merger , restructuring , liquidation , or urgent interim relief before NCLT Bench - specific guidance for Indore or pan - India NCLT matters Expert Insolvency Lawyer Services Under IBC 2016 Initial Case Assessment +91 88277 53530 WhatsApp Us Send Enquiry INITIAL CASE ASSESSMENT Discuss your Insolvency Lawyer India (IBC 2016) matter Share a brief outline A partner will revert within one working day Your name * Phone * Email When do you need to act ? Briefly describe your matter ( optional ) You may contact me on WhatsApp at the above number Request Initial Assessment Confidential We respond within 1 working day OUR OFFICE 113, B zone business park , Nipania Main Rd , Near Eicher Motors , Dewas Naka , Pipliya Kumar , Talk to CA Harshaditya Kabra — Expert in Insolvency Lawyer India ( IBC 2016) Last reviewed : 15 April 2026 by CA Harshaditya Kabra Partner — IBC & Corporate Law , Accorg Consulting Home About Us Services Resources Contact Us +91 88277 53530 Need Help? The Insolvency and Bankruptcy Code ( IBC ) 2016 transformed debt recovery and corporate restructuring in India An insolvency lawyer guides creditors , debtors , and resolution professionals through every stage of the process — from initial petition filing to resolution plan approval or liquidation Accorg Consulting ' s insolvency lawyers have handled 500+ IBC matters across India , making us one of the most experienced insolvency law firms in the country Whether you are a bank trying to recover an NPA , an operational creditor with unpaid invoices , a company seeking voluntary insolvency , or a resolution applicant bidding for a stressed asset — our insolvency lawyers provide specialized representation tailored to your position CA + Legal Dual Expertise : CA Harshaditya Kabra brings Chartered Accountancy skills to evaluate financial statements , balance sheets , and resolution plans with precision — a rare advantage in insolvency matters All Stakeholder Representation : Financial creditors , operational creditors , corporate debtors , IRP / RP , resolution applicants , and liquidators Resolution Plan Drafting : We draft commercially viable , NCLT - compliant resolution plans for resolution applicants Pre - IBC Advisory : Evaluate whether CIRP or out - of - court restructuring ( OTS , One Time Settlement ) is better for your situation For Financial Creditors (Banks, NBFCs, Debenture Holders) Section 7 petition filing before NCLT Proof of claim filing ( Form C ) Committee of Creditors ( CoC ) representation Evaluation of resolution plans Liquidation proceedings and asset recovery NCLAT appeals against unfavorable NCLT orders For Operational Creditors (Vendors, Suppliers, Employees) Demand notice under Section 8 ( IBC ) Section 9 petition filing Claim filing during CIRP ( Form B / D ) Prepack insolvency for MSMEs ( Section 54 A -54 P ) For Corporate Debtors Section 10 voluntary insolvency application Defense against Section 7/9 petitions Pre - packaged insolvency ( PPIRP ) for MSMEs OTS negotiations to avoid CIRP Section 12 A settlement ( with 90% CoC approval ) Liquidation — complete asset disposal For Resolution Applicants Eligibility assessment ( Section 29 A compliance ) Resolution plan drafting and structuring Due diligence support Plan submission and CoC negotiation NCLT approval hearings Why Accorg Consulting for Insolvency Law? Insolvency Legal Services — Full Coverage Indore , Madhya Pradesh 453771 View on Google Maps RELATED SERVICES NCLT Lawyer India GST Consultant & GST Litigation Lawyer India FEMA Lawyer India — Foreign Exchange Management Act Stage Statutory Timeline CIRP commencement ( after NCLT admission ) Immediate ( IRP appointed within 14 days ) Public announcement Within 3 days of IRP appointment Claim submission deadline 30 days from public announcement Constitution of CoC 30 days from IRP appointment Resolution plan submission deadline Under 180 days ( extendable to 270) Liquidation ( if no plan approved ) After 270 days What is the difference between CIRP and Liquidation under IBC 2016? CIRP ( Corporate Insolvency Resolution Process ) is the resolution mechanism where creditors try to revive the company through a viable resolution plan Liquidation is the last resort — if no plan is approved within 270 days , the company ' s assets are liquidated and distributed to creditors in a priority waterfall CIRP aims at maximizing value ; liquidation maximizes recovery speed As an operational creditor, can I recover dues under IBC? Yes Operational creditors ( vendors , suppliers , contractors ) with unpaid dues ≥ ₹ 1 crore can file a Section 9 petition after serving a 10- day demand notice Accorg ' s insolvency lawyers have a high success rate in operational creditor CIRP matters , especially for undisputed invoices What happens to my secured assets during CIRP? During CIRP , the moratorium ( Section 14) prevents creditors from enforcing security or filing new suits Secured creditors participate through the CoC Under a resolution plan , secured creditors generally receive higher priority recovery Liquidation provides security enforcement for the highest priority secured creditors first Can a company avoid CIRP after an admission order? Yes — under Section 12 A of IBC , the corporate debtor can settle with the applicant and withdraw the CIRP petition , but this requires 90% voting share approval of the CoC Pre - admission settlement ( between filing and admission ) requires only mutual consent and court approval Our insolvency lawyers specialize in such settlement negotiations What is Pre-Packaged Insolvency (PPIRP) for MSMEs? PPIRP ( Section 54 A -54 P ) is a faster , less disruptive insolvency process for MSMEs The company negotiates a resolution plan with its creditors BEFORE filing at NCLT Once approved , it ' s faster and less public than full CIRP — ideal for viable businesses seeking restructuring without stigma IBC 2016 — Key Timelines We Manage Frequently Asked Questions — Insolvency Lawyer India Documents we usually review first Debt documents , default proof , invoices , notices , and demand correspondence Board resolutions , shareholding pattern , AoA , MoA , and company master data Financial statements , loan papers , bank statements , and operational records Prior notices , petitions , orders , and settlement communication if litigation already started How the engagement typically moves 1. Initial review of facts , documents , forum , and urgency 2. Issue spotting , legal position mapping , and commercial risk assessment 3. Drafting , filing , reply , negotiation , or hearing preparation based on the matter stage 4. Follow - through on interim relief , final order strategy , or settlement execution What usually decides NCLT strategy Whether the matter is creditor - driven , company - driven , or a governance dispute under the Companies Act Which bench , threshold , and evidence standard applies before filing or defending Whether settlement , admission defense , interim relief , or structured resolution offers the best outcome Typical NCLT matter types Matter Type Usually Starts With Primary Objective Section 7 financial creditor Loan default and debt record Admission of CIRP and recovery leverage Section 9 operational creditor Invoice default and demand notice Pressure for payment or insolvency admission Section 10 corporate debtor Internal distress assessment Structured insolvency initiation by the company Oppression / mismanagement Shareholder conflict or governance abuse Control , protection , or corrective relief Why Choose Accorg Consulting Frequently Asked Questions Below FAQs are included to cover follow - up questions Google and AI answer engines commonly expand on for this service What is NCLT and what does an NCLT lawyer do ? + What is the minimum amount to file insolvency at NCLT ? + How long does CIRP take under IBC 2016? + Can a company settle an insolvency case after NCLT admission ? + How do I file an NCLT petition from Indore ? + What is the minimum debt amount to file under IBC 2016? + Can I file an NCLT petition without a lawyer from Indore ? + Integrated legal and CA - led advisory model for disputes that have both legal and financial consequences Experience across NCLT , IBC , GST , FEMA , DRT , banking , and corporate conflict matters Track record highlights used across the site : 800+ court matters handled and pan - India advisory coverage Have a Insolvency Lawyer India (IBC 2016) matter? Get expert advice today. REQUEST INITIAL ASSESSMENT Accorg Consulting provides expert NCLT , insolvency , corporate litigation and GST legal services along with Financial Advisory and Virtual CFO services Led by CA Harshaditya Kabra , serving clients across India from Indore 113, B zone business park , Nipania Main Rd , Near Eicher Motors , Dewas Naka , Pipliya Kumar , Indore , Madhya Pradesh 453771 +91 88277 53530 harshaditya kabra @ mail ca in WhatsApp : +91 84338 44225 Practice Areas NCLT Lawyer India Insolvency Lawyer ( IBC 2016) Shareholder Dispute Lawyer Director Dispute Lawyer GST Consultant Near Me GST Litigation India FEMA Lawyer India Banking Dispute Lawyer CA Firm in Indore NCLT Lawyer Indore Customs Litigation MP Virtual CFO Services Quick Links About Us Our Team Case Studies Insights Hub Blog & Insights FAQ Testimonials Contact Us Legal Disclaimer Privacy Policy Terms of Use Sitemap Newsletter Get legal insights & updates in your inbox Your email is safe with us We don ' t spam enter your email © Copyright 2026 — Accorg Consulting All Rights Reserved Offices : Indore | Mumbai | Bangalore | Dubai | Singapore | US Legal Disclaimer · Privacy Policy · Terms of Use · Sitemap Per Bar Council of India Rule 36 + ICAI Code of Ethics , this website is for informational purposes only and is not an advertisement or solicitation