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INSOLVENCY & BANKRUPTCY LAWS
INSOLVENCY & BANKRUPTCY LAWS

The enactment of Insolvency & Bankruptcy Code, 2016 witnessed a new regime for resolution of stressed assets under the fresh infrastructure guided by the Insolvency and Bankruptcy Board of India. While the Code envisaged resolution of Corporate Debtors, the new law opened floodgate of innumerable applications filed by all kinds of creditors, testing the validity of new law and putting the Code on anvil.

Over the years, Sharma &Sharma has gained a prominent name and developed expertise in the Bankruptcy and Restructuring Laws, representing and assisting various Insolvency Resolution Professionals, Committee of Creditors, Financial and Operational Creditors, Corporate Debtors and the suspended board and various other stakeholders either in the Corporate Insolvency Resolution Process or in the Liquidation Process.

With presence in the entire country before the Hon’ble National Company Law Tribunals, Sharma &Sharma has been instrumental in assisting and representing Insolvency Resolution Professionals in various critical CIRPs such as Adhunik Metaliks Limited, Adhunik Alloys limited, Zion Steel Limited, Orissa Manganese and Minerals Limited, Ramswarup Industries Limited, Gujarat NRE Coke Limited, CNN Minerals Limited, Sri Balaji Forest Product Private Limited amongst many other Corporate Debtors. Sharma &Sharma has notable presence in all the benches of the National Company Law Tribunal across the nation.

In addition to the above, Sharma & Sharma has been involved in the Corporate Insolvency Resolution Process and/ or Liquidation Process of Bhushan Power and Steel Limited, Prithvi Ferro Alloys Private Limited, Bindals Sponge Industries Limited, Maruti Ferrous Private Limited, Venky Hi-Tech Private Limited, Falcon Towers, Surya Alloys Private Limited, Jhabhua Power Limited.

With significant presence before the Hon’ble National Company Law Appellate Tribunal, the members of the Firm are well aware about the changing laws and jurisprudence in bankruptcy and insolvency laws. The Firm has numerous reported judgment of the Hon’ble National Company Law Appellate Tribunal and the members are being regularly involved in representing stakeholders before all the benches of the Hon’ble National Company Law Appellate Tribunal.

The Firm is adept in handling cases right up till the Hon’ble Supreme Court of India and has numerous reported judgment of the Hon’ble Supreme Court of India pertaining to issues arising out of interpretation of the Statute, constitutional validity of amendments, claims of critical and essential creditors and challenge to initiation of Corporate Insolvency Resolution Process.

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