INSOLVENCY AND BANKRUPTCY
Specialization in Insolvency Matters:
ALMT Legal has carved a niche for itself in the field of insolvency and bankruptcy law, leveraging its expertise to handle high-stakes and complex insolvency matters. The firm’s insolvency practice is recognized for its depth of knowledge, strategic foresight, and ability to deliver results in challenging scenarios. With the enactment of the Insolvency and Bankruptcy Code (IBC), 2016, ALMT Legal has been at the forefront of interpreting and applying this transformative legislation, representing clients across the insolvency lifecycle.
Key Areas of Expertise:
1. Corporate Insolvency Resolution Process (CIRP):
Advising financial creditors, operational creditors, and corporate debtors on initiating and navigating the CIRP.
Representing clients in filing applications before the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) and handling all aspects of the resolution process.
Assisting in the preparation of resolution plans and negotiating with stakeholders to achieve optimal outcomes.
2. Liquidation Proceedings:
Guiding clients through the liquidation process, including the realization of assets and distribution of proceeds.
Advising on the rights and obligations of stakeholders during liquidation.
3. Cross-Border Insolvency:
Handling complex cross-border insolvency matters, including coordination with foreign courts and insolvency professionals.
Advising on the recognition of foreign proceedings under the IBC and UNCITRAL Model Law on Cross-Border Insolvency.
4. Debt Restructuring and Recovery:
Providing strategic advice on debt restructuring, including out-of-court settlements and one-time restructuring schemes.
Representing creditors in recovery actions under the IBC and other applicable laws.
5. Litigation and Dispute Resolution:
Representing clients in insolvency-related litigation before the NCLT, National Company Law Appellate Tribunal (NCLAT), and the Supreme Court of India.
Defending against fraudulent or preferential transaction claims and other contentious issues arising under the IBC.
6. Advisory Services:
Conducting due diligence and risk assessments for insolvency-related transactions.
Advising on compliance with IBC regulations and corporate governance requirements.
Notable Achievements:
- Successfully represented financial creditors in high-profile insolvency cases, leading to the resolution of stressed assets and maximization of recovery.
Played a pivotal role in landmark cases that have shaped the interpretation and implementation of the IBC.
Recognized by leading legal directories for excellence in insolvency and restructuring practice.
