• Bankruptcy

  • In India bankruptcy is dealt with under the Indian Companies Act, 1956; the Sick Industrial Companies (Special Provisions) Act, 1985 (“SICA”); Recovery of Debts Due to Banks and Financial Institutions Act, 1993; the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI); the Indian Contract Act, 1872; the Indian Civil Procedure Code, 1908 and various other substantive and procedural laws.

    Hello Counsel serves its clients seeking relief as a creditor, debtor or in any other capacity when confronted with legal problems related to bankruptcy and insolvency. Our team has a great deal of experience in dealing with bankruptcy issues. We represent clients in all types of bankruptcy proceedings throughout the country and counsel clients in properly structuring transactions to avoid or mitigate bankruptcy issues. We represent our clients before Board for Industrial & Financial Reconstruction (BIFR). We conduct due diligence on liquidity and hidden liabilities of potential business partners by conducting search with financial institutions and judicial authorities. We also represent our clients before BIFR and other Courts & Fora.

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