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LKS

Insolvency

We provide strategic combination of advisory and litigation services throughout the course of insolvency proceedings to safeguard your financial interests.

Our deep knowledge of core commercial and corporate laws, coupled with the understanding of various business sectors, enables us to deliver you holistic and effective guidance for resolution of debts.

Insolvency at LKS

Insolvency proceedings are highly time sensitive and require an adept team of professionals for adhering to the strict procedures and timelines.

We understand that these cases involve possible commercial death or an overhaul of a company and thus strive to align our legal advice with swift action to protect your interests.

Our bouquet of services include,

  • Advising and representing clients for initiating CIRP against Corporate Debtors and Corporate Guarantors.
  • Advising asset reconstruction companies.
  • Advisory on the risks involved in taking over stressed companies undergoing resolution process.
  • Assessment of assets and liabilities of a stressed company.
  • Initiation of insolvency resolution process.
  • Representation before the NCLT, NCLAT and the Supreme Court.
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People

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Ravi Raghavan

Senior Partner, Bengaluru

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Charanya Lakshmikumaran

Executive Partner, Mumbai, New Delhi

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Raghavan Ramabadran

Executive Partner, Chennai

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Asish Philip Abraham

Partner, Mumbai

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Yogendra Aldak

Partner, New Delhi

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Krithika Jaganathan

Associate Partner, Chennai

Insights & Media

6 November 2023

Insolvency – Doctrine of election – IBC provisions can be invoked even after issuance of recovery certificates by DRT

The Supreme Court has held that the ‘doctrine of election’, stemming out of the law of evidence that bars prosecution of the...

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4 October 2023

Insolvency – No unfettered discretion with Liquidator to cancel valid auction on mere expectation of higher price in future

In a case where the Liquidator after issuing the certificate that the appellant had won the auction of the subject property,...

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6 January 2023

Sabka Vishwas (LDR) Scheme – Non-payment of settlement amount before stipulated date when not fatal

The Supreme Court of India has on 5 January 2023 allowed assessee’s appeal against the High Court decision dismissing assesse...

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31 August 2022

IBC prevails over Customs Act – Customs cannot recover dues once moratorium imposed

A 3-Judge Bench of the Supreme Court in its judgment dated 26 August 2022 has held that the provisions of the Insolvency and...

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16 July 2022

NCLT has discretion to reject financial creditor’s CIRP application even when corporate debtor is in default

The Supreme Court has held that Section 7(5)(a) of the Insolvency and Bankruptcy Code, 2016 confers discretionary power on th...

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