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Insolvency & Bankruptcy

Insolvency & Bankruptcy

We provide legal solutions to businesses facing bankruptcy and insolvency challenges.

Our bankruptcy lawyers are certified experts, recognized nationwide in the field of insolvency and bankruptcy.

We offer bankruptcy services from initial assessment to restructuring plans and debt negotiations.

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Insolvency & Bankruptcy Lawyers in India

Insolvency & Bankruptcy (IBC) advisory

We advise financial creditors, operational creditors, corporate debtors, resolution applicants, RPs/IRPs, and personal guarantors across the full IBC lifecycle—pre-admission strategy, CIRP, Section 12A withdrawals/settlements, liquidation, avoidance actions (PUFE), enforcement, and appeals before NCLT/NCLAT/SC.

Services Offered

Pre-Admission Strategy

We advise on pre-admission planning, including limitation analysis, mapping of defaults, and preparing Section 7 dossiers for financial creditors or Section 8 demand notices for operational creditors.

Admission & Moratorium

We assist with filing and defending petitions, seeking interim relief, and navigating the moratorium under Section 14. Our practice covers the interplay between moratorium and cheque bounce proceedings under Section 138 of the NI Act as well.

CIRP Execution

Our team manages the entire corporate insolvency resolution process (CIRP), including filing and verification of claims, constitution and voting of the Committee of Creditors (CoC), preparation of Information Memoranda, coordination with valuers, and support to Resolution Professionals. We also handle avoidance applications under Sections 43, 45, 50, and 66, protecting stakeholders against preferential, undervalued, fraudulent, and wrongful trading transactions.

Resolution Applicant Support

We advise resolution applicants on bid structuring, drafting resolution plans, and assessing feasibility. Our services offer support with beneficial ownership disclosures (as proposed under regulatory amendments), securing competition approvals from the CCI, and ensuring compliance with all statutory requirements.

Section 12A Settlements

We facilitate settlements and withdrawals under Section 12A, both before and after CoC constitution. We cover documentation, voting mechanics, and regulatory approvals.

MSME Pre-Pack (PPIRP)

For MSMEs, we provide guidance on the feasibility of pre-packaged insolvency resolution processes (PPIRP). We assist in creditor negotiations, structuring and filing applications, and managing proceedings.

Appeals & Enforcement

We represent clients before the NCLAT and the Supreme Court in appellate challenges, including admission disputes, plan compliance issues, and tax or regulatory interference with approved plans.

Cross-Border Compliance

Assisting with the complexities of cross-border transactions, including foreign direct investment and international trade compliance, facilitating smooth international operations.

Why Choose Us?

Comprehensive Expertise

With a deep understanding of bankruptcy laws and extensive experience in handling insolvency cases, our team offers expertise to address all aspects of the insolvency process.

Skilled Litigators

Our team includes skilled bankruptcy lawyers who excel in representing clients in bankruptcy and insolvency litigation.

Tailored Solutions

At Maheshwari & Co., we understand that every insolvency case is unique and we tailor our approach accordingly.

Who We Act For

  • Financial Creditors (Banks, NBFCs, ARCs)
  • Operational Creditors
  • Corporate Debtors & Promoters
  • Resolution Applicants
  • Resolution Professionals (RPs/IRPs)
  • Personal Guarantors

Recent Matters

Our firm successfully represented the Complainant Bank in resisting an application seeking protection under Section 96 of the Insolvency and Bankruptcy Code, 2016 to stall cheque bounce prosecutions under Section 138 NI Act.

Our Primary Offices

Insolvency & Bankruptcy Services in Delhi and Mumbai

MAHESHWARI & CO. provides insolvency and bankruptcy advisory from its primary offices in Delhi and Mumbai. Our team represents financial creditors, operational creditors, corporate debtors, resolution professionals, and resolution applicants before the NCLT, NCLAT, DRTs, and the Hon’ble Supreme Court.

Whether you are seeking experienced IBC lawyers in Delhi or insolvency specialists in Mumbai, our team offers practical and well-informed legal solutions.

Testimonials Of Clients

I Thanks a lot Mr. Ketan Joshi and Team for expediting the process and delivering us the legal opinion. We are indeed grateful. The legal opinion has helped us immensely.
I’ll refer people to you if I come across anyone seeking legal help/opinions.
Siddharth Shah
Partnerships Manager (Grid Master)
I personally joined the scheduled last hearing and was thoroughly impressed by the exceptional presentation delivered by the assigned team. I wish them continued success in their future endeavors.
Gurpreet Singh
National Highways & Infrastructure Development Corporation Limited
Instituto Cervantes-Embassy of Spain has received consultation services from Maheshwari & Co and we are really happy with the outcome. This law firm is really professional and understands the needs of their client. They work was done respecting what was agreed and adapting to changes that the client requests. With them the work was done on time and a high quality standards were followed.
Alejandro Palma Allepuz
Administrator, Instituto Cervantes New Delhi
Jyotsna provided my company with outstanding legal assistance. Her work was thoughtful, timely and complete. Her advice is pragmatic and she is able to quickly understand and help resolve issues faced by foreign entities seeking to do business in India. I would highly recommend her – most particularly in connection with merger and acquisition legal services.
Debbie Rosen
Vice President/CLO at Standex International
Maheshwari& Co has been providing legal and end-to-end support for our business objectives and has been successfully representing our interests in issues pertaining to various documentations and negotiations involved in our project.
A leading Automobile company in the US
The Firm has the right balance of kindness, calmness and professionalism. I think this is the reason we have never opted for any other law firm’s services. The effective and pragmatic solutions offered have been the backbone of our business’s success.
A leading Pharmaceuticals company in the US
The Firm believes in effective partnership and collaboration. We really appreciate their approach wherein they proved to become our trusted advisor and worked as our extension in India using their expertise to deliver first-rate legal and business advice.
A leading E-commerce company in the US
The team’s tremendous efforts and vast knowledge has helped us achieve incredible momentum when we were setting up our business in India whilst ensuring we procured critical licenses and registrations within set timelines. They have the right combination of empathy and professionalism that has helped us resolve complex matters with ease.
A leading Information Technology company in the US
The dedication with which Maheshwari& Co handled our transaction relating to India’s Entry strategy was something never seen before. No overlapping, tremendous approach and communications through proper channels, had the matters flow in a smooth way and with success. Since then there has been no looking back. Easily, we can say that it is “One firm for all the legal issues”.
A leading Food & Beverage company in US
The team at Maheshwari& Co with its immense knowledge and innovative approach has handled various legal issues not only with respect to Intellectual Property but have also assisted us in setting up including obtaining licenses and registrations necessary for operations, documentations, infrastructure, and various other Pharma sector-specific support. The professional approach and sector-specific knowledge combined with understanding the needs of the clients is commendable.
A leading Healthcare company in the US
Maheshwari & Co. (‘M&Co.’) managed the deliverables upto our expectations. Every legal issue that arose was looked after by the Team MC with great thoroughness and commitment.

Team M&Co. is prompt, efficient, and professional and they are not only assisted us at every step of the way but also kept us informed regarding even the smallest of details. Advice of MC is based on practicability, which led them to come up with creative and effective solutions for our matter.

Honesty and integrity of M&Co. & its Team towards their clients are commendable. They are energetic, compassionate, and committed. It was a rewarding experience to work with such an enthusiastic team!
Largest manufacturer of ceramic/vitrified tiles in India
I wish to take this opportunity to commend the team from Maheshwari & Co. for the excellent service we have received during our recent engagements. The lawyers are exceptional, experienced, and extremely professional.

Their service was exemplary, and the entire process was well streamlined by the firm. Your team worked closely with us at every step, which made the process smooth and stress-free.

They have delivered what they promised, and I would gladly recommend their services.
A leading Gaming Certification Company in the US

FAQ

Section 7 vs Section 9—what’s the difference?

Section 7 (financial debt) can be filed by financial creditors; Section 9 follows a Section 8 demand by operational creditors for undisputed, due operational debt. (Corporate debtor may file Section 10.)

How long does CIRP take—really?

Statute targets 180 + 90 = 270 days (now administered as 330-day outer limit), but recent data and case-watching show frequent overruns; one May 2025 ruling also raised concerns about plan finality years post-approval—so we build timelines with contingency.

Is CCI approval now a pre-CoC step?

In Jan 29, 2025, a three-judge SC bench read the IBC to require CCI approval as mandatory (not directory) before CoC considers a plan—we align plan calendars accordingly.

Does the moratorium stop cheque-bounce (NI Act §138) cases?

Against the corporate debtor—yes; against responsible directors/individuals—no. Plan strategy must protect both tracks.

Get in Touch with Us!

Let our experience pave the path to your success.

Corporate Office

Address: B 7/1, Safdarjung Enclave Extension, New Delhi 110029
Tel: +91-11-4601-3853
Email: [email protected]

Mumbai Office

Address: G Block, Plot C 59, 11th Floor, Platina, Bandra Kurla Complex, Mumbai, Maharashtra – 400 051
Tel: +91-22-6884-1510
Email: [email protected]

USA Office

Address: 640 Fifth Avenue, New York, NY 10019, USA
Email: [email protected]

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