Insolvency & Bankruptcy (NCLT/IBC)

DC Law Offices has an established Insolvency and Bankruptcy practice before the National Company Law Tribunal (NCLT) Delhi and Mumbai Benches. Satyam Dwivedi has presented Resolution Plans worth over INR 200 crores and represents financial creditors, operational creditors, and corporate debtors in IBC proceedings.

Insolvency and bankruptcy law in India is governed by the Insolvency and Bankruptcy Code 2016 (IBC), which provides a time-bound framework for resolution of stressed assets and corporate insolvency. Proceedings are adjudicated before the National Company Law Tribunal (NCLT) at the admission and CIRP stage, and the National Company Law Appellate Tribunal (NCLAT) for appeals. The Supreme Court of India hears final appeals on questions of law. Key provisions include Section 7 (financial creditor applications), Section 9 (operational creditor applications), Section 10 (voluntary insolvency by corporate debtor), and the CIRP regulations issued by IBBI (Insolvency and Bankruptcy Board of India). Clients in IBC proceedings face critical time pressures — the 180-day CIRP timeline (extendable to 330 days), complex committee of creditors dynamics, valuation challenges, and the risk of liquidation if no viable resolution plan is approved. Resolution applicants must navigate eligibility requirements under Section 29A and present commercially viable plans within tight deadlines. Satyam Dwivedi, with experience at Cyril Amarchand Mangaldas and L&L Partners and recognition as a BW Top 30 Under 30 lawyer, has presented Resolution Plans worth over INR 200 crores before NCLT Delhi and represents financial creditors, operational creditors, and corporate debtors in IBC proceedings at NCLT Delhi and Mumbai benches.