Expert Legal Help for Individuals & Businesses Facing Insolvency

Insolvency and bankruptcy are both different but interrelated terms in India. Insolvency is a stage of business where debts are more than assets of the companies, and bankruptcy is a process that provides a legal way to handle the insolvency stage in business. The process of insolvency and bankruptcy is governed by the Insolvency and Bankruptcy Code, 2016 in India. Insolvency process is filled with multiple legal compliance,to handle these processes effectively, taking legal assistance is very helpful for business owners and companies. In the bankruptcy and insolvency process involves multiple steps, like the stage of insolvency of the company, then declaration of bankruptcy, moratorium, resolution plan, liquidation, creating a committee of creditors, and a new start of business.