Insolvency & Bankruptcy – Progressive Law Firm

Progressive Law Firm

Navigating Corporate Insolvency with Expertise

The Insolvency and Bankruptcy Code (IBC), 2016 has revolutionized the framework for resolving corporate distress in India. These proceedings are time-bound and require a high degree of strategic planning and legal expertise. At Progressive Law Firm, we provide expert advisory and representation services to all stakeholders involved in the insolvency process. Whether you’re a creditor seeking to recover your dues or a company facing financial distress, our team offers clear, strategic, and effective guidance to navigate the complexities of the IBC.

Our Insolvency & Bankruptcy Services

We represent a diverse range of clients and provide end-to-end support throughout the Corporate Insolvency Resolution Process (CIRP) and liquidation proceedings.

For Financial & Operational Creditors

We assist in initiating the CIRP by filing applications with the National Company Law Tribunal (NCLT), filing claims with the Resolution Professional, and representing creditors in Committee of Creditors (CoC) meetings.

For Corporate Debtors

We advise and defend companies against insolvency petitions, helping them explore options for restructuring and resolution.

For Resolution Professionals

We provide legal support to Insolvency and Resolution Professionals (IRPs/RPs) in carrying out their duties under the IBC, including verification of claims and management of the corporate debtor.

Liquidation Proceedings

We guide clients through the process of liquidation when a resolution plan is not approved, ensuring compliance with all legal formalities.

Our Strategic Approach

Swift Action

Understanding the time-sensitive nature of the IBC, we act promptly to file applications and claims to protect our clients’ interests.

Recovery-Focused Strategy

For creditors, our primary objective is to maximize recovery. We actively participate in the CIRP to ensure the best possible resolution plan is achieved.

Comprehensive Legal Support

We manage all aspects of the insolvency process, from initial filings and court appearances to negotiations with other stakeholders, providing a seamless and integrated service.

In-depth Advisory

We keep our clients informed about the constantly evolving jurisprudence of the IBC, offering advice that is both current and commercially sound.

Expert Guidance in Financial Distress

Navigate the challenges of insolvency and bankruptcy with a knowledgeable legal partner. Progressive Law Firm is equipped to protect your financial interests under the IBC.