IBC · NCLT Bengaluru Bench
Expert IBC representation for creditors, debtors, and resolution professionals before the NCLT Bengaluru Bench and NCLAT.
Overview
The Insolvency and Bankruptcy Code (IBC) 2016 is India's landmark insolvency law, consolidating laws on financial failure and insolvency of companies, partnerships, and individuals. The NCLT Bengaluru Bench handles insolvency proceedings for companies with registered offices in Karnataka.
Advocate Pallavi Srivastava advises financial creditors, operational creditors, and corporate debtors throughout the insolvency process — from filing the initial application under Section 7, 9, or 10 of the IBC to the successful conclusion of the Corporate Insolvency Resolution Process (CIRP) or liquidation.
Get Legal Advice →What We Handle
Filing applications under Section 7 (financial creditors) and Section 9 (operational creditors) to initiate the Corporate Insolvency Resolution Process before the NCLT.
Representing corporate debtors facing insolvency applications — challenging admissibility, pre-CIRP settlement, and protecting management interests.
Advisory and representation during voluntary and court-supervised liquidation, including claims resolution and creditor distribution.
Advice on Individual Insolvency under Part III of the IBC — Debt Recovery applications, Insolvency Petitions, and Fresh Start Process.
Filing and defending creditor claims before the Resolution Professional and Committee of Creditors during CIRP.
Challenging or defending NCLT orders before the appropriate National Company Law Appellate Tribunal bench.
FAQ
The applicable default threshold and filing requirements under the IBC can change through legislation or notification. A creditor should verify the current threshold and assess the nature of the debt before filing.
Once CIRP is admitted, the Board of Directors is suspended and management of the company vests with the Resolution Professional (RP). The RP manages the company as a going concern while the Committee of Creditors evaluates resolution plans. Management may regain control if a resolution plan is approved that provides for it.
Yes — the corporate debtor can settle the entire debt with the financial creditor before the NCLT admits the application (and in some cases even after admission, under Section 12A with 90% CoC approval). This is called pre-CIRP settlement. Advocate Pallavi can facilitate such negotiations.
CIRP is the first-stage resolution process where a viable resolution plan is sought to rescue the company as a going concern. Liquidation is initiated only when no resolution plan is approved within the statutory timeline or when the CoC votes for liquidation — assets are sold and proceeds distributed in the IBC's priority waterfall.
Get in Touch
Send an enquiry and Advocate Pallavi will respond within one business day
Chambers
High Court of Karnataka
Bengaluru 560001
Hours
Monday – Friday: 8:00 AM – 5:00 PM
All enquiries are treated with complete confidentiality. Consultations available in-person or via video call.
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