Insolvency & Bankruptcy (NCLT/IBC)
Resolution plans, insolvency applications, and NCLT/NCLAT proceedings
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.
Services in Insolvency & Bankruptcy (NCLT/IBC)
Where We Appear
Notable Matters in Insolvency & Bankruptcy (NCLT/IBC)
Presented two Resolution Plans worth over INR 200 crores before NCLT Delhi
Represented clients in insolvency applications against one of India's largest construction companies before NCLT Mumbai
Defended multiple insolvency petitions before NCLT Delhi — issues including assured returns and share pledge invocations
Involved in negotiated settlement of an insolvency application
Advised on pre-CIRP restructuring to avoid insolvency proceedings
Questions on Insolvency & Bankruptcy (NCLT/IBC)
What is the difference between Section 7 and Section 9 IBC applications?
Section 7 allows a financial creditor (bank, NBFC, debenture holder) to file an insolvency application. Section 9 allows an operational creditor (vendor, supplier) to do so. Satyam represents both applicants and respondents in both types of proceedings before NCLT Delhi and Mumbai.
Can a company stop an insolvency application once filed?
Yes — a pre-admission settlement or demonstrated repayment can result in withdrawal. Satyam has successfully negotiated settlements in pending insolvency applications, avoiding CIRP for corporate debtors.
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