Send a Demand Notice (Section 8)
The first step for a supplier or contractor owed Rs 1 crore or more. The company has 10 days to pay or point to a genuine dispute that already existed.
Read moreA company owes you money, your company has received an insolvency petition, or you have been shut out of a company you own part of? NCLT timelines are short and some cannot be extended. Send us the demand notice, the petition or the order, and we will tell you plainly where you stand, which bench hears it and the date the next step is due.
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Insolvency petitions and their defence, claims, resolution plans, liquidation, company law cases and appeals, for creditors, companies, promoters, shareholders and homebuyers. Most of our matters are before the New Delhi, Allahabad and Chandigarh benches and the NCLAT, with associate counsel for other benches.
Browse all servicesThe first step for a supplier or contractor owed Rs 1 crore or more. The company has 10 days to pay or point to a genuine dispute that already existed.
Read moreUnpaid invoices and no real dispute on record? A Section 9 petition asks the NCLT to start insolvency against the company.
Read moreBanks, NBFCs, investors and lenders can start insolvency once a default of Rs 1 crore or more is shown from the records.
Read moreReceived a petition against your company? Limitation, pre-existing disputes and the amount in default are checked before the admission hearing.
Read moreA settlement can end insolvency even after admission, with the committee of creditors' approval. The window is short, so plan it early.
Read moreCreditors, employees and homebuyers must file claims with the resolution professional in the right form, with proof, and on time.
Read moreAt least 100 allottees or 10% of the same project can apply together. We check the numbers and the RERA alternative first.
Read morePromoters who guaranteed company loans can face their own insolvency process. What the interim moratorium does and does not protect.
Read moreEligibility under Section 29A, the information memorandum, CoC negotiations and NCLT approval for investors and bidders.
Read moreDissenting creditors, operational creditors and employees can object on the grounds the Code allows, before the NCLT and on appeal.
Read moreMoney moved out before insolvency can sometimes be recovered: preferential, undervalued, extortionate and fraudulent transactions.
Read moreWhen no plan is approved: the liquidator, the Section 53 waterfall, asset sales and what creditors can still recover.
Read moreShareholders shut out of a company can petition the NCLT under Sections 241 and 242 for protective orders and an exit.
Read moreRemoved without proper notice or a valid meeting? The NCLT can examine the process and restore the position.
Read moreA company removed from the register can be restored under Section 252, by appeal within three years or by application within 20 years.
Read moreSchemes under Sections 230 to 232: meetings, objections, regulator notices and the NCLT sanction order.
Read more30 days from the NCLT order, with at most 15 more for sufficient cause. Time often starts earlier than people think.
Read moreWhen an admission, liquidation or plan approval order needs to be paused while the appeal is heard.
Read moreAppeals from the NCLAT lie to the Supreme Court on questions of law, under Section 62 of the IBC and Section 423 of the Companies Act.
Read moreInsolvency is not a debt-collection tool for every case. We compare the IBC, the DRT, arbitration and a suit for your facts.
Read more
NCLT Lawyers is the insolvency and company law practice of Advocate BK Singh & Associates. We act for creditors, companies, promoters, shareholders and homebuyers before the NCLT benches, and appear in appeals before the NCLAT and the Supreme Court.
Most insolvency cases turn on a few documents: the loan or supply papers, the ledger, the demand notice and the reply to it. We set out the debt, the date of default and limitation clearly, so the bench can decide admission without adjournments.
Ten days to answer a demand notice, 30 days to appeal an insolvency order, short windows for claims and for settlement under Section 12A. On day one we list the dates that cannot be extended.
Insolvency is a collective process, not a recovery suit. If a payment plan or settlement serves you better than admission or liquidation, we will say so, and make sure it is recorded properly with the NCLT.
Send a Section 8 demand notice, or file a lender petition under Section 7. We first check whether insolvency is really the right route for your debt.
Demand noticeA petition has been filed or a demand notice has arrived. The reply and the first hearing decide a lot, so the papers should be checked now.
Defence optionsBook a confidential call. Keep the notice, the petition or the order handy, and you will leave knowing your options, the deadlines and roughly what each route involves.
Book a callThe people who call us are suppliers owed large sums by a company, lenders whose borrower has defaulted, promoters whose company has received a petition, shareholders who have been shut out, and homebuyers waiting on a stalled project. We work from offices in Dwarka and Vaishali and appear before the NCLT benches and the NCLAT.
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Plain-English guides on the IBC and the NCLT: the Rs 1 crore rule, timelines, settlement after admission, homebuyers' rights, which bench hears your case and NCLAT appeals.
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Read articleFrom the demand notice and the petition to admission, claims, the resolution plan and the appeal.
Short answers. Your own facts can change the answer, so treat these as a starting point.
Tell us where things stand: a notice, a petition, an order or a deadline. An advocate will call you back.
Chat on WhatsApp Call +91 96259 61599The National Company Law Tribunal hears company insolvency cases under the Insolvency and Bankruptcy Code, 2016 and serious company law disputes under the Companies Act, 2013, such as oppression and mismanagement, mergers and restoration of struck-off companies. Appeals go to the NCLAT, and from there to the Supreme Court on questions of law.
The minimum default is Rs 1 crore. Smaller debts cannot be the basis of a Section 7 or Section 9 petition against a company, so other routes such as a suit, arbitration or the DRT have to be considered.
For an operational debt, the first step is a demand notice under Section 8. The company has 10 days to pay or to point to a genuine dispute that existed before the notice. If it does neither, a Section 9 petition can be filed before the NCLT bench for the company's registered office.
Check limitation, the amount in default, and whether there is a genuine pre-existing dispute in the case of an operational debt. Since the 2026 amendment, a complete lender petition must be admitted once default is established, so the reply has to be prepared carefully and early. Settlement and withdrawal under Section 12A are also possible.
The Code sets 180 days for the corporate insolvency resolution process, extendable to 330 days in all, including time taken in litigation. Many cases take longer in practice, and the admission stage itself can take weeks or months depending on the bench.
Yes. Homebuyers are financial creditors, but a petition needs at least 100 allottees or 10% of the allottees of the same project, whichever is less. RERA remains a separate route and is often faster for an individual buyer who wants a refund or possession.
In insolvency matters, 30 days before the NCLAT under Section 61 of the IBC, with at most 15 more days for sufficient cause. In company law matters, 45 days under Section 421 of the Companies Act, extendable by up to 45 more days.
The bench is decided by where the company's registered office is, not where the creditor is or where the contract was signed. Companies registered in Delhi go to the New Delhi benches, those in Uttar Pradesh (including Noida and Ghaziabad) to Allahabad, and those in Haryana (including Gurugram) to Chandigarh.