Menu
keyboard_backspace
Consult and get Expert Advice on Bankruptcy and Debt Laws matters from the best Bankruptcy and Debt Lawyers in India. Let us know your requirement we will help you to find the best Lawyer suited for your matter within your budget.

Get Expert Advice Online
from Top Bankruptcy and Debt Lawyers
in India

Read Blogs to get more Insights

What and how Property Lawyers do their job

What’s real estate law all about? What's it that real estate lawyers do and how do they do it? These are the queries that pop up in one’s mind as one gets initiated in the real estate business and the only way one can get answers to these questions is by seeking advice. Oftentimes even after paying a couple of lakhs of rupees as a down payment on a flat, that is under construction the builder or developer does not start construction work on the plea that due to unforeseen circumstances, the construction work had to be withheld. A few months could very well have elapsed and the work may be pending. At this point, the developer/builder may be asked by the homeowner to clarify matters. Once the seemingly lackadaisical attitude of the developer is noticeable heated arguments may ensue followed by threats of a possible lawsuit by the homebuyer. The threat of a lawsuit is a deterrent for the contractor/builder who may retaliate by waiving off suing rights by signing one of the legal documents. Subsequently, the contractor who was unresponsive and had bolted would take the initiative of contacting the homebuyer. The homebuyer may ask the contractor to share copies of all relevant documents. If there is documentary evidence of waiving off suing rights amongst other rights then, in that case, it gets complicated, someone with little or no experience at all in real estate law ought to refer the case to an expert real-estate lawyer after providing initial legal advice.   Real estate laws, rules, and regulations Through networking, the extent of involvement in these matters is transparent. One may realize how real estate laws, rules, and regulations may affect one's daily lives. It can be intriguing knowing what is it that the real estate lawyers exactly do and more importantly how? The answer partially is - there are real estate law courses that qualify them to practice real estate law. Call 7604047601 for consultation with registered expert property lawyers on Vidhikarya.

Posted By

Avik Chakravorty

5 days ago

Go to Blog

India’s arguably generous maternity law benefits m...

In India, working mothers-to-be are far better-of than most of their peers in the developed world, however, the country’s maternity laws are archaic. A year or two ago, the country passed the Maternity (Amendment) Bill aimed at working women and their right to paid maternity leave from 12 weeks to 26 weeks which is the world’s third-highest. There is a no-win situation nonetheless — the law is meant for companies with a headcount of at least ten employees which is just a minuscule proportion of the working women of India.This limitation in maternity benefits is an upshot of the desire of the elite of India to merely mimic policies that are both purposed and executed in the West, without any sort of fine-tuning suiting Indian conditions. The maternity bill is an exemplary bill – phantom legislation that passes laws that don't have and in all probability will not be as effective as required. Progress or that one is doing something is an illusion, and is given, but the reality is something else. There is an ideological dimension to the law which is a part and parcel of what the Indian elite believes is good, just, and prestigious in communities transcending boundaries.Symbol of progressCanada and Norway are the only two countries, with GDPs per capita of 27 and 47 times higher than India’s, respectively, provide protracted maternity leaves in comparison with India. The moot point, however, isn’t the perception of generosity, but how the law is applied.It was estimated that the vast majority of Indian women shun work. While on the one hand the unorganized sector is comprised of over 80% of women working for companies with an employee headcount of less than ten. On the other hand, the organized sector comprises of 16% women workers, who do informal work, where the maternity law is not applicable.A more realistic assumption would be that a meagre 20% of the females work in the organized sector, then the law is potentially applicable to simply 1.3% of the workforce, or not even 1% of all females.Considering these off-the-cuff calculations, the unanswered question is why would India deplete its invaluable resources on ratifying a law that is applicable to a minuscule section of its growing population.Call 7604047601 for consultation with a registered expert maternity lawyer on Vidhikarya.

Posted By

Avik Chakravorty

1 week ago

Go to Blog
{{ item.meta_value }}, {{ item.meta_key }}

Consult Top Bankruptcy and Debt Lawyers in India

Biswajit  Das

Biswajit Das

Advocate
Exp
Nalbari , Assam

Specialization

  • Bankruptcy and Debt
  • Criminal
  • Landlord And Tenant
  • Contracts And Agreements
  • Debt And Lending Agreement
With warm Regards, I am Biswajit Das, my principal place of practice is Gauhati High Court. Practicing in the field of Criminal and Civil Law, writs, constitutional Law, service matters, company matters, Cheque bounce cases, Domestic violence matters, Bank Debts matters,MACT matters. View Full Profile
Total Answers Given : 15
SUBRATHA  RAY

SUBRATHA RAY

Legal Counsel , Lawyer
Exp
Delhi , Delhi

Specialization

  • Bankruptcy and Debt
  • Criminal
  • Sexual Harassment at Workplace
  • Divorce
  • Banking
Practicing Lawyer & mastering the law skills in the field of Criminal & Civil Laws. Appointed for Pro Bono Legal Services by Ministry Of Law & Justice, (Department of Justice). Expertise in Bail's & Anticipatory Bails, Civil Cases, Divorce , Patent & Trademark &Copyrights Law, Legal Draftings. View Full Profile
Total Answers Given : 13
Adv. Jamal Sait

Adv. Jamal Sait

Advocate
Exp
Bangalore , Karnataka

Specialization

  • Bankruptcy and Debt
  • Cheque Bounce
  • Civil
  • Criminal
  • Family
I am an Advocate practicing primarily before Hon'ble High Court of Karnataka and courts sub-ordinate to it. My specialization is in both criminal, famil and civil law. I have independently argued various nature of cases ranging from Bail Petitions, Suit for Declaration and Injunction etc View Full Profile
Total Answers Given : 9
YAKUB ALI  MOHAMMED

YAKUB ALI MOHAMMED

ADVOCATE
Exp
Hyderabad , Telangana

Specialization

  • Bankruptcy and Debt
  • Criminal
  • Civil
  • Divorce
  • Juvenile
Myself Yakub ali done B.com, LLB, LLM Student at ICSI practicing Advocate in Telangana major cities and almost all Courts. My Passion is to To Advice, To Solve, To Encourage, To Motivate, To Inspire Young Minds, And To Create Stress Less Life By Serving The People Globally. View Full Profile
Total Answers Given : 8
ANSUL  BHUTA

ANSUL BHUTA

ADVOCATE
Exp
Mumbai City , Maharashtra

Specialization

  • Bankruptcy and Debt
  • Commercial
  • Cheque Bounce
  • Arbitration and Mediation
  • Contracts And Agreements
I am an Advocate practicing since 2 years in Civil Law. My specialities include Recovery Matters, DRT Matters, 138 Matters, Arbitrations, Family Disputes, NCLT, Corporate Affairs Testamentary, Documentations, etc. I am associated with Bhuta & Associates, Law Firm Mumbai. View Full Profile
Total Answers Given : 7
VLN  Prasad

VLN Prasad

Advocate
Exp
Hyderabad , Telangana

Specialization

  • Bankruptcy and Debt
  • Corporate and Incorporation
  • Cheque Bounce
  • Cyber, Internet, Information Technology
  • Arbitration and Mediation
Total Answers Given : 6
Srinivas  B

Srinivas B

Junior Advocate
Exp
Hyderabad , Telangana

Specialization

  • Bankruptcy and Debt
  • Cheque Bounce
  • Divorce
  • Civil
  • Criminal
As an Advocate, both professionally and ethically and has acquired excellent professional experience and provides services in various fields of Corporate Law, Cheque Bounce, Family Matters, Consumer Matters, Recovery, Banking/ Finance, Divorce, Criminal and Civil, Property and Tenant/Landlord View Full Profile
Total Answers Given : 3
Shivam  Sachdeva

Shivam Sachdeva

Litigator
Exp
Delhi , Delhi

Specialization

  • Bankruptcy and Debt
  • Civil
  • Debt Collection
Its been 2 years I'm practicing law in Delhi across various District Courts, High Court and NCLT. That with said period in practice I have handled cases independently such as civil and criminal, also i have done all sort of drafting including Special Leave Petitions, Civil and Criminal Appeals. View Full Profile
Total Answers Given : 3
mudassir  hussain

mudassir hussain

Associate
Exp
Bangalore , Karnataka

Specialization

  • Bankruptcy and Debt
  • Intellectual Property, Copyright, Patent, Trademar
  • International Laws
  • Consumer Protection
  • Contracts And Agreements
Working as an associate at Lawyers Transcontinental and have been involved in corporate law, tech law and general litigation. View Full Profile
Total Answers Given : 3
Debadatta  Mishra

Debadatta Mishra

Advocate & Govt. Pleader
Exp
Bargarh , Orissa

Specialization

  • Bankruptcy and Debt
  • Criminal
  • Landlord And Tenant
  • Partnership
Govt Pleader of Bargarh District, Vice Chairman of State Bar Council of Odisha, Lawyer for most of the banks and corporate sectors, retainer of many companies, well known as a criminal lawyer View Full Profile
Total Answers Given : 2
Not Sure Whom to Consult ?
We will help you to find the best lawyer as per your budget !
Post Your Matter to explore various options.
Need Legal Advice
Post Your Matter
Connect with Expert Lawyers to Resolve
Your Legal Matter
  • What are the laws on bankruptcy & debt in India?
  • What does it mean when a debtor is discharged?
  • Can a creditor collect on a discharged debt?
  • Can discharged debt be sold?
  • How long does a creditor have to collect a debt?

About bankruptcy & debt Laws


The primary law dealing with the subject of bankruptcy and debt laws is the Insolvency and Bankruptcy Code 2016.

The Insolvency and Bankruptcy Code, 2016 (IBC) is a substitution to separated legal framework and a split institutional set-up which was kept on passing on poor outcomes for a significant long time loan bosses and troubled business searching for an exit. This will profit everybody loan bosses, troubled business, economy and the estimation of the assets will be expanded. The manner by which the law is starting at now being realized seems to focus more on fast operationalisation. It has presented the time bound determination process which is the 180-day course of events talks profoundly about the point of the IBC – fast assurance of insolvency to help with the recuperation as to win in the economy where there is more capability about the recuperation system and expanding the estimation of assets of bothered business. Since the IBC accommodates a period bound system, it puts gigantic weight on the promoters as wells as the lenders to quick track a trade off recipe or risk the asset being liquidated.

Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts. Some of the distinguishing elements of the code are-

  • Comprehensive law – this code is a comprehensive law which envisages and regulates the process of insolvency and bankruptcy of all persons including corporates, partnerships, LLP’s and individuals.
  • Withering away of Multiplicity of Laws – Code withered away multiple laws covering the recovery of debts and insolvency and liquidation process and presents singular platform for all the reliefs relating to recovery of debts and insolvency.
  • Clarity in Process- there is a clear and unambiguous process to be followed by all stakeholders. There is also shift of control from shareholders and promoters to creditors.
  • New Regulatory Authority- it provides for constitution of a new regulatory authority, ‘Insolvency and Bankruptcy Board of India’ to regulate professionals, agencies and information utilities engaged in resolution of insolvencies of companies, partnership firms and individuals.

The Code plots a bankruptcy assurance handle for individuals, associations and affiliation firms. As showed by the Section 6 of the code it is communicated that the method may be begun by either the corporate record holder or the financial lenders and operational advance managers. The most extraordinary time limit of 180 days and 90 days increase just if the Adjudicating Authority is persuaded for realization of the very system, has been set for corporates and individuals.

There are two types of tribunals. For Companies and Limited Liability Partnership Firms there is The National Company Law Tribunal (NCLT) and for people and associations there is the Debt Recovery Tribunal (DRT).

Request a Callback for Legal Help


In case you want us to call you back to understand your legal problem then please submit your details with a brief description of the legal issue that you have. We will call you back.

Name must be provided !

Email must be provided !

Invalid Phone Number !

Details must be provided !

Want a Quick Legal Advice From Expert Lawyer
Call us at this number for Legal Help at an affordable price
7604047601
Legal Advice Anytime Anywhere

The most trusted and relied upon partner for hiring lawyers for any kind of legal services.

Not Sure Whom to Consult ?
We will help you to find the best lawyer as per your budget !
Post Your Matter to explore various options.
Need a Lawyer for Your Case ?
Post Your Matter
Get the best Lawyer
for your Case

Top Responding Lawyers
on Bankruptcy and Debt Laws

c0c3d251ed9ec09aa1a2e42aab190b76.jpg
Experience: 33 Year(s)
Retired Judge
Bangalore
9434907e0136c51bd1ae1f8951e791b0.webp
Experience: 3 Year(s)
As a advocate
Aurangabad
c145ced7ac4ad8d7f029e0f25bd83fed.webp
Experience: 1 Year(s)
Advocate
Kolkata
96f7af615b9d69fb001d0eabf8624f63.jpg
Experience: 9 Year(s)
Lawyer and legal associate
Nagpur
93242ddb5f3bbe7e8eeeb394d718b1ec.webp
Experience: 22 Year(s)
Advocate
Bhubaneswar
bbeb09048874b1d40441.webp
Experience: 9 Year(s)
Adv.Ambrose Leo Associates & Legal Consultants
Bangalore
57c4e587eb8d1f8118587949fee03c09.jpg
Experience: 14 Year(s)
Advocate and Legal Counsel
Kolkata
498ccf42b276edbaf56567d1ccd4975a.webp
Experience: 19 Year(s)
Advocate
Bangalore
a24c9c9c3a743f162cc475c80071fe4c.webp
Experience: 15 Year(s)
Advocate High Court
Kolkata
88758d8abcf72f97a1c0302bb8aba8e5.jpg
Experience: 15 Year(s)
Advocate High Court
Allahabad
443f954fc1289753953d236b49cdf66a.jpg
Experience: 3 Year(s)
Lawyer
Mumbai
f2551f73bce9c035879a3764efba7bdf.jpg
Experience: 1 Year(s)
Advocate
Hyderabad
46ff77e9b7358b76ae473e673378e102.webp
Experience: 38 Year(s)
SENIOR LAWYER
Jabalpur
cc45cf3809e36f0032b274972c66f02c.webp
Experience: 4 Year(s)
Advocate
Faridabad
365c3942034dac70476c492af828705e.jpg
Experience: 17 Year(s)
Advocate
Patna
3a01cc6aa21855397e314eb84cfd223a.webp
Experience: 5 Year(s)
Lawyer
New Delhi
c27ca806eff0a70564bacdf75277b502.jpg
Experience: 29 Year(s)
Senior Lawyer
Vijayawada
a471b982517c3e5e59b7c95a1d00e918.jpg
Experience: 6 Year(s)
Advocate
Ludhiana
U00070524.webp
Experience: 17 Year(s)
Lawyer,Attorney,Solicitor
Kanpur
4841c22d1a959ded01c071ad410d81b4.webp
Experience: 15 Year(s)
Advocate
Panipat
090d5a222e6f7cab9481bb4042a79c69.webp
Experience: 20 Year(s)
Dr
New Delhi
5a5b9936694f43a22e8d1af5799fd4ac.jpg
Experience: 2 Year(s)
Advocate
New Delhi
c66acad8561a1154949b7828145d20e0.jpg
Experience: 11 Year(s)
Advocate
Chandigarh
d6d5b47319eafdb8e3813667048e1699.webp
Experience: 3 Year(s)
Criminal Lawyer
Faridabad
59e854a50a441a116b44301cc6c50176.webp
Experience: 11 Year(s)
Attorney
South Delhi
Talk to a Lawyer
Post Your Matter
Request Callback
Contact Us