Insolvency & Bankruptcy (IBC) in India
Sterling & Partners is a full-service law firm in Delhi with a focused practice in Insolvency & Bankruptcy law under the Insolvency and Bankruptcy Code, 2016 (IBC). The firm advises and represents financial creditors, operational creditors, corporate debtors, resolution professionals, and other stakeholders in insolvency and restructuring matters across forums, including the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), the Delhi High Court, and the Supreme Court of India.
The IBC framework has transformed India’s insolvency regime by introducing a time-bound process for resolution of stressed assets, revival of distressed businesses, and maximisation of value for stakeholders. Sterling & Partners combines legal expertise with commercial understanding to navigate the complexities of insolvency proceedings effectively.
Scope of Insolvency & Bankruptcy Services
The firm’s IBC practice includes:
- Initiation of Insolvency Proceedings
Filing applications under Sections 7, 9, and 10 of the IBC by financial creditors, operational creditors, and corporate applicants - Representation Before NCLT & NCLAT
Appearances in Corporate Insolvency Resolution Process (CIRP), liquidation proceedings, and appellate matters - Advisory to Creditors & Committees of Creditors (CoC)
Strategic advice on claims, voting rights, resolution plans, and recovery mechanisms - Corporate Debtor Representation
Defence against insolvency petitions, restructuring strategy, and resolution planning - Resolution Plan Advisory & Structuring
Assistance in drafting, reviewing, and negotiating resolution plans - Liquidation Proceedings
Representation in liquidation cases, asset distribution, and stakeholder claims - Avoidance Transactions & Fraudulent Trading
Advisory and litigation relating to preferential, undervalued, extortionate, and fraudulent transactions - Cross-Border Insolvency Issues
Handling matters involving foreign creditors, assets, and jurisdictional complexities
IBC Lawyers in Delhi – Representation Before NCLT, NCLAT & Supreme Court
Sterling & Partners represents clients in insolvency matters before the NCLT and NCLAT, as well as in related proceedings before the Delhi High Court and the Supreme Court of India. The firm handles both admission-stage matters and complex disputes arising during the Corporate Insolvency Resolution Process (CIRP).
Key areas of representation include:
- Admission and rejection of insolvency applications
- Moratorium-related disputes
- Resolution plan challenges
- Appeals against NCLT orders
- Questions of law arising under the IBC framework
The firm’s multi-forum capability ensures continuity and consistency in legal strategy across all stages of insolvency proceedings.
Strategic Approach to Insolvency Matters
Commercially Aligned Legal Strategy
IBC matters require a balance between legal rights and commercial outcomes. The firm integrates both perspectives to achieve practical and enforceable solutions.
Time-Bound Process Management
Given the strict timelines under the IBC, the firm ensures procedural efficiency and proactive case management.
Stakeholder-Centric Representation
Different stakeholders—creditors, debtors, and resolution applicants—have distinct interests. The firm tailors its strategy accordingly.
Documentation & Compliance Precision
IBC proceedings are highly technical and documentation-driven. The firm ensures accuracy in filings, claims, and procedural compliance.
Litigation & Advisory Integration
The firm provides both advisory and litigation support, ensuring seamless handling from pre-insolvency strategy to final resolution or liquidation.
Why Sterling & Partners for IBC Matters in Delhi
- Established insolvency and restructuring practice in Delhi
- Representation before NCLT, NCLAT, Delhi High Court, and Supreme Court of India
- Experience in handling creditor and debtor-side matters
- Strong focus on legal strategy, timelines, and procedural compliance
- Capability in complex and high-value insolvency disputes
Legal Framework – Insolvency & Bankruptcy Code, 2016
The Insolvency and Bankruptcy Code, 2016 provides a unified legal framework for insolvency resolution in India. Key features include:
- Time-bound Corporate Insolvency Resolution Process (CIRP)
- Moratorium on legal proceedings during insolvency
- Formation of Committee of Creditors (CoC)
- Approval and implementation of resolution plans
- Liquidation mechanism where resolution is not viable
IBC proceedings often intersect with other laws, including company law, contract law, and securities regulations, requiring an integrated legal approach.
Insolvency & Bankruptcy Law Firm in Delhi – Structured Representation
As a law firm in Delhi handling insolvency and bankruptcy matters, Sterling & Partners focuses on delivering structured, legally sound, and result-oriented representation under the IBC framework. The firm’s approach combines legal precision, commercial understanding, and procedural discipline across forums, including NCLT, NCLAT, and constitutional courts.
Sterling & Partners continues to be engaged in insolvency and restructuring matters in India, contributing to the evolving jurisprudence under the Insolvency and Bankruptcy Code, 2016.