Introduction
At MITAL & MITAL Advocates, we have significant expertise in handling matters under the Insolvency and Bankruptcy Code (IBC) 2016, representing resolution professionals, financial creditors, operational creditors, and corporate debtors. Our team provides strategic advisory at all stages of the insolvency process, ensuring compliance and effective resolution.
Description
Our services in Debt Restructuring and Insolvency include:
Corporate Insolvency Resolution Process (CIRP):
- Advising financial creditors, resolution professionals (RPs), and committees of creditors (CoCs) on managing insolvency cases from initiation to resolution or liquidation.
- Drafting resolution plans, expressions of interest (EOIs), and related documentation for prospective applicants.
- Conducting legal due diligence and vetting documents such as process memoranda and information memoranda.
Litigation and Representation:
- Representing clients before NCLT, NCLAT, High Courts, and the Supreme Court in insolvency disputes and appeals.
- Handling matters involving liquidation and asset realization, including claims under the SARFAESI Act and Debt Recovery Tribunals (DRT).
Advisory and Compliance:
- Providing ongoing support to RPs and CoCs throughout the insolvency process, ensuring legal compliance.
- Assisting lenders and companies with corporate debt restructuring and drafting agreements for restructuring plans.
Major Achievements
- Educomp Solutions Ltd.:
Successfully managed CIRP for this major education company, ensuring smooth resolution. - Shakti Bhog Foods Ltd.:
Provided end-to-end advisory services and legal representation throughout the resolution process. - High-Profile Representation:
Represented clients such as Punjab National Bank and Axis Bank in insolvency cases involving large-scale debt restructuring.