Insolvency & Bankruptcy (IBC) Practice
The Insolvency and Bankruptcy Code (IBC) has transformed corporate debt recovery and restructuring in India. Ajmani & Law Partners represents stakeholders in navigating CIRP applications, demand notices, and tribunal litigation.
Procedural Lifecycle & Court Representation
Representation of operational creditors, financial creditors, and corporate debtors in insolvency proceedings before NCLT New Delhi benches and appellate proceedings before NCLAT.
Key Procedural Stages We Handle
The Five Stages of Courtroom Litigation
Understanding the lifecycle of a legal dispute in Delhi courts helps clients prepare documentation strategically and anticipate statutory timelines.
Pre-Litigation Audit & Legal Notice
Forensic scrutiny of agreements, dishonour memos, transaction invoices, and dates of default. Serving formal statutory demand notices (e.g. 30-day notice under Section 138 NI Act or Section 8 IBC demand) to establish cause of action.
Drafting & Judicial Institution
Drafting robust plaints, petitions, or written statements accompanied by verified statement of truth, electronic evidence certificates, and court fee computation. Filing before appropriate commercial or civil registry.
Urgent Ad-Interim Reliefs
Arguing urgent motion applications for ad-interim ex-parte injunctions (Order 39 Rules 1 & 2 CPC), Section 9 arbitration interim measures, or Section 143A interim compensation to preserve status quo.
Trial, Evidence & Cross-Examination
Framing of legal issues, tender of evidence by way of examination-in-chief affidavits, discovery/inspection of commercial records, and rigorous cross-examination of adverse party witnesses.
Final Arguments & Decree Execution
Submitting comprehensive written submissions and oral legal arguments supported by binding precedent. Following judgment, instituting execution proceedings to attach assets and realize decreed dues.
Client Situations & Dispute Contexts
Operational Debt Realisation
Assisting corporate vendors, suppliers, and service providers with minimum statutory default thresholds under Section 9.
Corporate Debtor Defense against Malicious Filings
Establishing pre-existing dispute records through prior correspondence, notice replies, and arbitral notices.
Creditor Claims during Corporate Insolvency
Submitting and substantiating claims with the Resolution Professional and monitoring CIRP status.
Appellate Proceedings before NCLAT
Appealing against admission orders, rejection of claims, or liquidation orders before NCLAT Principal Bench.
How Ajmani & Law Partners Represents You
- Pre-notice verification of statutory threshold limits and limitation requirements
- Published scholarship: Lalit Ajmani's analysis on IBC Section 7 and debt mechanics
- Drafting rigorous Section 8 notices and responsive pleadings before NCLT New Delhi
- Strategic negotiation of settlements prior to admission of insolvency petitions
Statutory Framework
- •Insolvency and Bankruptcy Code (IBC), 2016
- •Insolvency and Bankruptcy Board of India (IBBI) Regulations
- •Companies Act, 2013
- •National Company Law Tribunal Rules, 2016
Jurisdictional Forums
- •National Company Law Tribunal (NCLT), New Delhi Benches (Court I - VI)
- •National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
- •High Court of Delhi (Writ Petitions arising from tribunal orders)
- •Supreme Court of India (Appeals under Section 62 IBC)
Need Counsel in Insolvency & IBC?
Contact Advocate Lalit Ajmani's litigation desk directly to discuss notices, hearing dates, or case filings.
Call: +91 96544 31469Discuss Your Insolvency & IBC Matter
Submit details regarding your notice, suit, or appellate timeline below.