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IBC ADVISORY
INSOLVENCY AND BANKRUPTCY CODE (IBC)
The Insolvency and Bankruptcy Code (IBC) was introduced by the Parliament of India to consolidate and amend the existing laws governing insolvency and bankruptcy processes for corporate entities, partnership firms, and individuals. The IBC aims to establish a comprehensive legal framework to streamline and expedite the resolution of insolvency and bankruptcy cases, ensuring faster and more efficient outcomes.
THE PRIMARY OBJECTIVES OF THE IBC INCLUDE
Maximizing the value of assets for all stakeholders.
Enhancing creditor rights and recovery mechanisms.
Creating a conducive environment for entrepreneurship.
Improving the ease of doing business in India.
OUR EXPERTISE AT KHURANA & KHURANA
At Khurana & Khurana, we have dedicated teams that closely monitor and adapt to the evolving trends and transformations in India’s insolvency and bankruptcy landscape. Our proactive engagement in policy-making processes allows us to contribute to the development and refinement of insolvency laws in the country.
PRACTICE AREAS AND HIGHLIGHTS
Comprehensive Advisory Services
We provide strategic guidance to creditors, debtors, and investors in significant out-of-court restructurings, including bond restructurings.
Representation Under IBC, 2016
Our firm is widely recognized for representing stakeholders in critical cases under the Insolvency and Bankruptcy Code, 2016.
Expertise Across Roles
We offer counsel to a range of stakeholders, including creditors, acquirers, and office-holders such as resolution professionals and liquidators.
Pioneering Solutions
With extensive experience in insolvency matters, we deliver valuable insights and tailored legal strategies to our clients, ensuring effective resolutions.
INDUSTRY LEADERSHIP
As pioneers in the field of insolvency law, Khurana & Khurana has been extensively involved in several landmark cases under the IBC framework. Our commitment to shaping the insolvency law landscape in India ensures we remain at the forefront of the latest developments, delivering exceptional expertise and value to our clients.
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