NCLT
The National Company Law Tribunal (NCLT) is the adjudicating authority for matters under the Companies Act, 2013, and the Insolvency and Bankruptcy Code, 2016. Our practice before the NCLT encompasses corporate insolvency resolution, liquidation proceedings, company petitions, and corporate restructuring matters.
Our Process
- 1Initial assessment of the matter and identification of applicable statutory provisions
- 2Preparation and filing of applications, petitions, or claims before the NCLT
- 3Representation during hearings and interlocutory proceedings
- 4Coordination with Resolution Professionals and Committee of Creditors
- 5Appellate proceedings before NCLAT if required
Corporate Insolvency Resolution
We represent financial creditors, operational creditors, and corporate debtors in insolvency resolution proceedings under the IBC. Our practice includes filing Section 7, Section 9, and Section 10 applications, participating in CoC meetings, and advising on resolution plans.
Company Petitions
Our practice extends to company petitions involving oppression and mismanagement (Section 241-242), class action suits, compromises and arrangements, and other matters within NCLT jurisdiction.
Liquidation Proceedings
We assist stakeholders in liquidation proceedings, including claims submission, asset distribution disputes, and matters relating to the avoidance of fraudulent and preferential transactions.
Frequently Asked Questions
What types of matters does NCLT handle?
NCLT handles corporate insolvency resolution, liquidation, company petitions involving oppression and mismanagement, class action suits, compromises and arrangements, and matters under the Companies Act, 2013.
Who can file an application before NCLT?
Financial creditors, operational creditors, corporate debtors, shareholders, and other stakeholders as specified under relevant statutory provisions can approach the NCLT.
What is the typical timeline for NCLT proceedings?
Timelines vary based on the nature of the matter. Insolvency proceedings have statutory timelines under the IBC, while other matters depend on case complexity and tribunal schedule.
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