Insolvency & Bankruptcy Cases Lawyer in Noida & Ghaziabad
Advocate David Chaudhary
📖 Introduction
Insolvency and bankruptcy matters are critical for businesses, financial institutions, and individuals facing defaulted debts or financial distress. These cases involve complex legal procedures under the Insolvency and Bankruptcy Code (IBC), 2016 and require expert legal guidance to ensure protection of financial and legal interests.
Advocate David Chaudhary, practicing in Noida, Ghaziabad, and Delhi NCR, specializes in insolvency and bankruptcy cases, providing strategic legal advice, representation, and dispute resolution for corporate debtors, creditors, and stakeholders.
⚖️ What Are Insolvency & Bankruptcy Cases?
Insolvency refers to the inability of a person or company to meet its financial obligations, while bankruptcy is a legal declaration of insolvency by a competent authority.
In India, these cases are governed by the Insolvency and Bankruptcy Code, 2016 (IBC) and cover:
- 🏢 Corporate insolvency resolution cases (CIRP)
- 👤 Individual insolvency and bankruptcy cases
- 💰 Debt recovery disputes and claims by financial institutions
- 📉 Liquidation of companies under judicial supervision
- 🤝 Negotiated settlements and restructuring agreements
🔑 Importance of Legal Support in Insolvency & Bankruptcy
Insolvency and bankruptcy cases involve complex procedures, timelines, and statutory compliance. Expert legal support ensures:
- ⚖️ Representation before NCLT and DRTs
- 🛡 Protection of creditor, debtor, and stakeholder rights
- 📑 Drafting and filing petitions, resolution plans, and replies
- ⏳ Ensuring compliance with IBC timelines and procedural requirements
- 💼 Avoiding financial loss, asset mismanagement, and legal penalties
Advocate David Chaudhary provides end-to-end legal solutions for insolvency and bankruptcy, ensuring efficient dispute resolution and asset protection.
📌 Common Types of Insolvency & Bankruptcy Cases
🏢 Corporate Insolvency Resolution
Filing or defending CIRP petitions under IBC, representing corporate debtors, creditors, and preparing resolution plans.
👤 Individual Insolvency & Bankruptcy
Filing personal insolvency petitions, assisting with settlements, and representing creditors in bankruptcy proceedings.
💰 Debt Recovery & Default Cases
Recovery of NPAs and overdue loans, filing suits under IBC, and enforcing creditor rights through asset attachment.
📉 Liquidation Proceedings
Voluntary or compulsory liquidation of companies, representation of stakeholders, and compliance with NCLT orders.
🤝 Negotiated Settlements & Restructuring
Drafting settlement agreements, restructuring corporate debts, and ensuring compliance with IBC provisions.
⚙️ Procedure for Insolvency & Bankruptcy Cases in Noida & Ghaziabad
- 📋 Legal Consultation – Assess financial distress, debt obligations, and corporate structure.
- 📝 Filing Petition or Response – Draft and file petitions or respond to CIRP notices.
- 📑 Submission of Resolution Plans – Prepare restructuring or settlement agreements.
- ⚖️ Representation in NCLT & Tribunals – Appear in hearings, present arguments, and submit evidence.
- ✅ Enforcement & Compliance – Follow up on orders, liquidation, and resolution plan execution.
👨⚖️ Role of Advocate David Chaudhary
- 📝 Drafting and filing CIRP and bankruptcy petitions
- ⚖️ Representing clients before NCLT and NCLAT
- 🤝 Negotiating settlements and restructuring plans
- 📑 Advising on risk mitigation and compliance with IBC
- 🛡 Protecting creditor, debtor, and stakeholder interests
📂 Documents Required for Insolvency & Bankruptcy Cases
- 📊 Corporate financial statements and audit reports
- 📑 Loan agreements, contracts, and promissory notes
- 🏦 Bank statements and transaction records
- 📨 Demand letters or notices of default
- 📂 Petitions, affidavits, and creditor correspondence
- 🏢 Company registration and asset details
📜 Legal Provisions for Insolvency & Bankruptcy
- ⚖️ Insolvency and Bankruptcy Code, 2016 – Governs insolvency, liquidation, and bankruptcy.
- 🏢 Companies Act, 2013 – Related corporate restructuring and winding-up provisions.
- 💰 Debt Recovery & Civil Laws – Suits for enforcement of creditor rights.
- 📑 NCLT Procedures – Compliance with filing, hearing, and evidence rules.
🌍 Local Importance – Noida & Ghaziabad
Noida and Ghaziabad are major industrial and business hubs, with multiple corporates, MSMEs, and financial institutions. Local legal expertise ensures:
- 📌 Filing insolvency cases in appropriate NCLT benches
- ⚡ Timely resolution of insolvency disputes
- 🤝 Guidance for debt restructuring and settlements
- 🏢 Representation for corporates, banks, and individuals