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Corporate & Business

NCLT & Corporate Insolvency

Insolvency and corporate disputes demand specialist advice.

Representation before the National Company Law Tribunal for IBC proceedings, corporate disputes, mergers, amalgamations and restructuring matters.

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What's Included
CIRP Filing (Section 7 & 9 Applications)
Corporate Insolvency Resolution Process
Resolution Plan Structuring
Liquidation Proceedings
Oppression & Mismanagement Petitions
+3 more services included
About This Service

NCLT & Corporate Insolvency at VS Arora & Co.

The National Company Law Tribunal (NCLT) is the centralised forum for corporate disputes in India — from insolvency resolution under the IBC to oppression and mismanagement petitions, mergers, demergers and winding up. NCLT matters require specialist expertise in both corporate law and procedural strategy.

VS Arora & Co. advises financial creditors, operational creditors, corporate debtors and resolution applicants in CIRP proceedings, and represents companies and shareholders in oppression and mismanagement petitions, section 245 class actions and merger/amalgamation approvals before the NCLT and NCLAT.

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Services Covered

What's Included

CIRP Filing (Section 7 & 9 Applications)
Corporate Insolvency Resolution Process
Resolution Plan Structuring
Liquidation Proceedings
Oppression & Mismanagement Petitions
Merger & Amalgamation Approvals
NCLAT Appeals
Class Action Suits (Section 245)
Our Process

How It Works

1
1

Consultation & Assessment

We assess the financial position of the debtor, advise on the applicable IBC provisions and identify the best approach — CIRP, liquidation or out-of-court settlement.

2
2

Filing & Admission

We prepare and file the petition before the appropriate NCLT bench, attach supporting financial records and represent you at the admission hearing.

3
3

CIRP / Proceedings

We assist in the appointment of an IRP/RP, advise on the claims process, monitor committee of creditors meetings and evaluate resolution plans.

4
4

Resolution or Liquidation

We guide the resolution applicant through plan approval or, if resolution fails, manage the liquidation process and asset distribution in compliance with the IBC waterfall.

Why VS Arora & Co.

Why Clients Choose Us

15+
Years of IP & Litigation Practice

Deep expertise across trademark, patent, copyright, corporate and general litigation built over 15+ years of active practice.

PAN India
Filing & Representation

We file before all IP Registries, High Courts and Tribunals across India — no matter where your matter needs to be heard.

Free
First Consultation

We give you a clear-eyed assessment of your matter — what the options are, what it will cost and what to expect — before you commit.

100%
Transparent Fees

No hidden charges. We quote fixed fees for standard matters and provide detailed cost estimates for complex litigation.

FAQs

Frequently Asked Questions

Q

Who can file for insolvency under the IBC?

A

A financial creditor (bank, NBFC), operational creditor (supplier, employee) or the corporate debtor itself can initiate CIRP before the NCLT. The minimum threshold for financial creditors is ₹1 crore.

Q

What is the CIRP timeline?

A

CIRP must be completed within 180 days, extendable to 270 days by the NCLT in complex cases. If no resolution plan is approved within this period, the company goes into liquidation.

Q

Can I stop a CIRP once it is initiated against my company?

A

A CIRP can be settled (and withdrawn with NCLT approval) if the debtor repays the debt in full before the application is admitted. After admission, settlement requires CoC approval and NCLT sanction.

Q

What is an oppression and mismanagement petition?

A

A petition under Section 241/242 of the Companies Act can be filed by minority shareholders alleging that the affairs of the company are being conducted in a manner prejudicial to their interests or oppressive to them.

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