Bankruptcy & Insolvency

A Fresh Start for Your Business

 

In a complex economic environment, businesses and individuals in Telangana can face financial distress. The Insolvency and Bankruptcy Code, 2016 (IBC) provides a modern, time-bound framework to resolve insolvency and maximize the value of assets. At Somu Law Chambers, we offer specialized legal services to guide you through this process with professionalism and strategic foresight. Our team provides expert counsel to corporate debtors, creditors, and individuals, ensuring your rights are protected at every stage.

We are well-versed in the local jurisdiction of the National Company Law Tribunal (NCLT), Hyderabad Bench, which is the adjudicating authority for corporate insolvency in Telangana. Whether you need to initiate the process or defend against a claim, we are your trusted partners in navigating this challenging legal landscape.

 

Services We Offer

 

  • Corporate Insolvency Resolution Process (CIRP): We represent both corporate debtors and financial/operational creditors in initiating and defending CIRP applications under the IBC. We handle the entire process, from drafting the application to representing you before the NCLT.
  • Liquidation: When a resolution plan is not feasible, we guide clients through the liquidation process, ensuring that assets are distributed fairly and in accordance with the waterfall mechanism outlined in the IBC. We work closely with Insolvency Professionals (IPs) to ensure a smooth and compliant process.
  • Personal Guarantors’ Insolvency: The IBC also applies to individuals who have given a personal guarantee for a corporate debtor. We provide legal assistance to personal guarantors, helping them navigate the process and find a viable resolution.
  • Legal Advisory & Due Diligence: We offer proactive advice to companies to identify potential risks and prevent insolvency. For creditors, we conduct thorough due diligence to understand the financial health of their debtors before legal action.
  • Dispute Resolution: We represent clients in disputes arising during the insolvency process, including challenges to resolution plans, preferential transactions, and fraudulent trading. We handle appeals before the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court of India.

 

Why Choose Us?

 

  • Specialized Expertise: Our team has in-depth knowledge of the Insolvency and Bankruptcy Code, its latest amendments, and the precedents set by the NCLT, NCLAT, and Supreme Court.
  • Strategic & Timely Action: We understand the time-bound nature of the IBC. We work efficiently to meet all statutory deadlines, which is critical to a successful resolution.
  • Comprehensive Representation: We can assist all stakeholders, whether you are a company facing insolvency, a creditor seeking to recover debts, or a resolution applicant looking to acquire a distressed asset.

When financial crisis strikes, a swift and strategic legal response is crucial. Contact Somu Law Chambers today for a confidential consultation and take the first step toward a new beginning.