Bankruptcy Law Services in India BY Legal Organizations

 

Generally, Bankruptcy is a process by which individuals and businesses pay their debt entirely or pay back their debt over time. In 2016, the Indian Government enacted a law to simplify and expedite the insolvency and bankruptcy proceedings in India. The objective behind framing such law is to protect the interest of creditors including stakeholders in a company and to offer the necessary relief to the creditors who are waiting for their payment for a long time.    

Bankruptcy law applies to persons who have been declared bankrupt in court. This happens in two cases. 1- Assets are less than liabilities. 2- The person is unable to pay the debt. The key features of Bankruptcy areas are; Bankruptcy and insolvency adjudicator, insolvency resolution, and insolvency professionals.    

Indian Government’s amendment in insolvency and bankruptcy law in 2016 is one of the biggest economic reforms in the country. In 2016, the Indian Government introduced the Insolvency and Bankruptcy Code (IBC) to deal with the distressed business. This new law follows the time limit procedures and cases related to bankruptcy are expected to resolve within 270 days, else companies go into liquidation otherwise.        

Bankruptcy law Services by experienced legal organizations are affordable, efficient, and responsive thereby clients get complete satisfaction and peace of mind.  The dexterous lawyers of India have significant experience in handling cases for and against financial creditors as well as operational creditors. The dexterous lawyers understand the breadth and debt of cases and then provide tailor-made services, according to the client’s need.  

Reasons for Hiring Bankruptcy law Services by law firms of India:

·     The Lawyers of Indian law firms are equipped with supreme skills and they adopt an out-of-the-box  strategy to deal with complicated cases.

·         There is a 100% positive result of cases when Indian lawyers handle it.

·         The services charges are also affordable.

·         Indian lawyers offer high-quality services which meet the expectation of clients.

Global Jurix

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New Delhi - 110092, India,

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