Insolvency, IBC & Recovery
Sections 7, 9 and 10, resolution plans, personal guarantors and recovery strategy — for financial creditors, operational creditors and corporate debtors alike.
What we do
The Insolvency and Bankruptcy Code, 2016 reshaped the landscape of debt recovery and corporate restructuring in India. Whether you are a financial creditor seeking to initiate a corporate insolvency resolution process, an operational creditor pursuing an unpaid dues application, or a corporate debtor navigating a resolution process, the procedural and strategic choices made at the outset determine the outcome.
At Midas Legal, we advise financial creditors, operational creditors and corporate debtors. We handle applications before the National Company Law Tribunal (NCLT) and appeals before the NCLAT. We also advise on personal guarantor insolvency — an area that has developed significantly since the code's provisions on this were brought into force.
Where the IBC is not the right route, we advise on recovery through civil suits, execution proceedings and Debt Recovery Tribunals.
Specific matters we handle
- Section 7 applications by financial creditors before the NCLT.
- Section 9 applications by operational creditors, including demand notice strategy.
- Section 10 applications by corporate debtors for voluntary insolvency.
- Advice on resolution plans — preparation, negotiation and approval.
- Personal guarantor insolvency proceedings.
- Appeals before the NCLAT and the Supreme Court of India.
- Civil recovery suits and execution of decrees.
- Debt Recovery Tribunal (DRT) proceedings.
Forums
- National Company Law Tribunal (NCLT), Delhi Bench
- National Company Law Appellate Tribunal (NCLAT)
- Supreme Court of India
- Delhi High Court
- Debt Recovery Tribunals
Ready to instruct us?
We advise financial creditors, operational creditors and debtors. Tell us which side you are on and the stage you are at.