Insolvency, Bankruptcy & Restructuring
Advising creditors, corporate debtors and resolution professionals across the IBC framework at every level.
TLP has significant experience under the Insolvency and Bankruptcy Code, 2016. We initiate and defend insolvency proceedings, and provide strategic case evaluations and advisory services on insolvency-related issues.
The team has deep expertise on landmark IBC matters and continues to deliver tailored solutions focused on the best possible outcomes for clients.
Our lawyers have played pivotal roles in several high-value acquisitions since the introduction of the IBC and provide robust representation before the NCLT, NCLAT and the Supreme Court.
Representative work from the practice.
- 01
Shree Ram Urban Infrastructure — advised and represented the client in the INR 2,000 crores Palais Royale project in Mumbai across the Bombay High Court, NCLT and NCLAT, resisting SARFAESI action and challenging winding-up and insolvency proceedings against associate companies.
- 02
Shapoorji Pallonji Group — initiated CIRP under Section 9 of the IBC against a prominent infrastructure company for operational debt default in the Mumbai Metro Project, and continues to defend the corporate debtor client in several Section 9 petitions.
- 03
State Maritime Board — acted in the CIRP process for securing lease rent of INR 1,400 crores on behalf of the board.
- 04
SEBI — represented the regulator in challenges to recovery proceedings against Pancard Clubs Limited (~INR 7,500 crores of investor funds).
- 05
Life Insurance Corporation of India — successfully secured admission of belated claims by the RP / liquidator in relevant CIRP and liquidation processes.
- 06
S. Kumars Limited — defended the corporate debtor on limitation grounds, steering the matter toward settlement rather than adjudication.