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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.
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Consult Top Bankruptcy and Debt Expert Lawyer in India

Namitabh Kothari

Advocate
Exp
Mumbai suburban , Maharashtra

Specialization

  • Civil
  • Criminal
  • Divorce
  • Cheque Bounce
  • Bankruptcy And Debt
18 Years of Legal Practice - Expert in Civil, Criminal, Family and all other types of Court cases Handling matters in Bombay High Court and all other Courts in Mumbai - Thane - Navi Mumbai - Pune View Full Profile
Total Answers Given : 75
Consult

anil reddy s

proproitor
Exp
Bangalore , Karnataka

Specialization

  • Property
  • Adoption
  • Advertising
  • Debt And Lending Agreement
  • Bankruptcy And Debt
Total Answers Given : 14
Consult

SRINIVASA. N

Advocate
Exp
Bangalore , Karnataka

Specialization

  • Cheque Bounce
  • Civil
  • Arbitration And Mediation
  • Banking
  • Bankruptcy And Debt
Handling both Civil and Criminal Matters at various Courts at Bengaluru View Full Profile

Khansaeed Pathan

9
Exp
Beed , Maharashtra

Specialization

  • Criminal
  • Civil
  • Cheque Bounce
  • Child Custody
  • Bankruptcy And Debt
A confident, enthusiastic and self motivated professional with 9 years of qualitative experience in legal field; expert in handling civil & criminal litigations and consumer cases; View Full Profile
Total Answers Given : 9
Consult

Arnab Banerjee

Advocate
Exp
Kolkata , West Bengal

Specialization

  • Criminal
  • Administrative Law
  • Arbitration And Mediation
  • Banking
  • Bankruptcy And Debt
i am good at research work and documentation work of all kind. View Full Profile
Total Answers Given : 7
Consult

Dr Vedula Gopinath

senior lawyer and arbitrator
Exp
Visakhapatnam , Andhra Pradesh

Specialization

  • Civil
  • Arbitration and Mediation
  • Media, Communication, Entertainment
  • Privacy
  • Bankruptcy And Debt
Senior Lawyer View Full Profile
Total Answers Given : 6
Consult

monika tyagi

ADVOCATE
Exp
South Delhi , Delhi

Specialization

  • Bankruptcy and Debt
  • Civil
  • Arbitration and Mediation
  • Contracts and Agreements
  • Cyber, Internet, Information Technology
I AM AN ADVOCATE HAVING 7 YEARS OF PROFESSIONAL EXPERIENCE IN THE FILED OF CIVIL AND CRIMINAL LAW AND IS CURRENTLY PRACTISING IN ALL FORUMS INCLUDING DISTRICT COURT, HIGH COURT . I HAVE HAD THE OPPORTUNITY TO WORK ON PROPERTY DISPUTES, FAMILY MATTERS, COMPANY MATTERS ETC. View Full Profile
Total Answers Given : 1
Consult

Anwar Zaidi

Lawyer
Exp
Mumbai suburban , Maharashtra

Specialization

  • Adoption
  • Arbitration and Mediation
  • Cheque Bounce
  • Child Custody
  • Bankruptcy And Debt
I am speciallised in resolving family issues cases, NI 138 (cheque Bounce cases, ADR, Consumer court cases, Trust and Welfare society matters, Housing Society matters. We also give legal assistance in Civil and Criminal mattera View Full Profile
Total Answers Given : 1
Consult

Markanday Singh

Advocate
Exp
Allahabad , Uttar Pradesh

Specialization

  • Criminal
  • Civil
  • Banking
  • Arbitration And Mediation
  • Bankruptcy And Debt
Practising as a legal practitioner since ladt 10 years in allahabad high court and all tribunals located in allahabad or lucknow . I try to feel confort my client for legal issues. View Full Profile

Yohan Grace

individual
Exp
Bangalore , Karnataka

Specialization

  • Police Laws
  • Open Source Codes
  • Privacy
  • Mail Fraud
  • Bankruptcy And Debt
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  • 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).

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Client Testimonials

Top Responding Lawyers
on Bankruptcy and Debt Laws

Kishan Dutt Kalaskar Retired Judge
Experience: 33 Year(s)
Retired Judge
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Rameshwar Dadhe
Experience: 2 Year(s)
As a advocate
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Shanti Ranjan Behera
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Ambrose Leo
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Deepak Bade
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Prabhakara S K Shetty
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ROBERT D ROZARIO
Experience: 15 Year(s)
Advocate High Court
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Vedant Lakhotia
Experience: 3 Year(s)
Legal Counsel
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VIMAL K MISHRA
Experience: 15 Year(s)
Advocate High Court
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Mohd Imran
Experience: 4 Year(s)
Advocate
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Vishwabandhu
Experience: 38 Year(s)
SENIOR LAWYER
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NILANJAN CHATTERJEE
Experience: 5 Year(s)
ADVOCATE
Howrah
Rajender Prasad
Experience: 5 Year(s)
Lawyer
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sistla ramakrishna
Experience: 29 Year(s)
Senior Lawyer
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ARPIT BATRA
Experience: 11 Year(s)
Attorney
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Johnson Thangiah
Experience: 18 Year(s)
Advocate / Trial Advocate
Tirunelveli
Abhimanyu Shandilya
Experience: 14 Year(s)
Advocate and Legal Counsel
Kolkata
Ashish Dongre
Experience: 12 Year(s)
Advocate
Mumbai City
Nirmal Chopra
Experience: 20 Year(s)
Dr
New Delhi
Manjula Shanmugasundaram
Experience: 18 Year(s)
Advocate
Chennai
GANESH SHARMA
Experience: 3 Year(s)
Criminal Lawyer
Faridabad
Sanjay Kumar Jha
Experience: 17 Year(s)
Advocate
Patna
Namitabh Kothari
Experience: 19 Year(s)
Advocate
Mumbai suburban
Anand
Experience: 10 Year(s)
Independent Lawyer
North East Delhi
Bharat Pawar
Experience: 9 Year(s)
Lawyer
Pune