Lex Bona Fide – Law Firm & Advocates provides comprehensive legal services under the Insolvency and Bankruptcy Code, 2016 (IBC), representing corporate debtors, financial creditors, operational creditors, homebuyers, resolution professionals, and stakeholders before the NCLT, NCLAT, High Courts, and other competent forums.
With strong experience in insolvency litigation, advisory, and resolution strategy, our firm assists clients at every stage of the insolvency lifecycle, ensuring legally sound, commercially viable, and time-bound solutions in accordance with the objectives of the IBC.
As a trusted Insolvency & Bankruptcy Law Firm in Indore, we advise clients on both contentious and non-contentious insolvency matters with a practical, result-oriented approach.
Corporate Insolvency Resolution Process (CIRP)
We provide end-to-end legal assistance in matters relating to the Corporate Insolvency Resolution Process (CIRP), including initiation, defense, and procedural compliance.
Our services include:
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Filing and defending Section 7, 9, and 10 applications before the NCLT
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Advisory to financial creditors, operational creditors, and corporate debtors
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Assistance to Interim Resolution Professionals (IRP) and Resolution Professionals (RP)
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Representation in CIRP-related applications, objections, and interlocutory proceedings
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Legal strategy for preservation of assets and continuation of business operations
We ensure strict adherence to statutory timelines and evolving judicial precedents under the IBC.
Insolvency & Bankruptcy Code (IBC) Advisory
Our firm offers strategic advisory services on the Insolvency and Bankruptcy Code, 2016, helping clients understand risks, rights, and remedies before and during insolvency proceedings.
Our IBC advisory services cover:
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Pre-insolvency risk assessment and compliance
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Structuring transactions to mitigate insolvency exposure
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Advisory on creditor rights, moratorium, and priority of claims
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Interpretation of IBC provisions and recent judgments
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Strategic guidance for promoters, directors, and stakeholders
We assist clients in making informed decisions aligned with legal compliance and commercial prudence.
NCLT & NCLAT Litigation
Lex Bona Fide regularly represents clients before the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) in complex insolvency disputes.
Our litigation services include:
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Insolvency petitions and replies
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Appeals before the NCLAT
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Challenges to admission, rejection, or conduct of CIRP
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Matters involving resolution plans, liquidation, and avoidance transactions
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Representation in urgent and time-sensitive insolvency matters
We combine strong legal drafting with effective oral advocacy to protect client interests at all judicial levels.
Claims Filing & Verification
We assist creditors in filing, verification, and admission of claims during CIRP and liquidation proceedings.
Our services include:
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Filing claims for financial creditors, operational creditors, and homebuyers
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Verification of claims with supporting documentation
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Objections to incorrect or arbitrary rejection of claims
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Legal representation in disputes concerning claim amounts or classification
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Advisory on interest, penalties, and contingent claims
Proper claim filing is critical to recovery, and we ensure claims are legally robust and timely submitted.
Resolution Plan Drafting & Review
We advise Resolution Applicants, Committee of Creditors (CoC), and stakeholders on drafting, reviewing, and evaluating resolution plans under the IBC.
Our assistance includes:
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Drafting legally compliant resolution plans
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Reviewing resolution plans for statutory and judicial compliance
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Advisory on feasibility, viability, and implementation risks
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Representation during CoC deliberations and NCLT approval proceedings
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Addressing objections and modifications suggested by authorities
Our focus is to ensure resolution plans withstand judicial scrutiny and achieve successful revival.
Liquidation Proceedings
We represent stakeholders in liquidation proceedings initiated under the IBC when resolution is not feasible.
Our services include:
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Advisory to Liquidators on statutory duties and compliance
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Representation of creditors during liquidation
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Assistance in asset realization and distribution
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Handling avoidance applications and recovery proceedings
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Legal support in closure and dissolution of the corporate debtor
We aim to protect stakeholder interests while ensuring lawful and efficient liquidation.
Homebuyers & Operational Creditors Representation
We provide focused representation to homebuyers and operational creditors, who often face unique challenges in insolvency proceedings.
Our services include:
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Representation of homebuyers as financial creditors
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Filing and pursuing claims for possession or refund
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Legal strategy for collective homebuyer representation
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Advisory to operational creditors on recovery prospects
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Litigation against unjust claim rejection or dilution
We understand the financial and emotional stakes involved and pursue remedies with urgency and diligence.
Why Choose Lex Bona Fide for IBC Matters?
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Strong experience in IBC litigation and advisory
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Regular appearances before NCLT & Appellate Forums
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Strategic, time-bound, and commercially aware approach
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Clear communication and transparent legal advice
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Client-focused representation with ethical practice standards
Who Should Consult Us?
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Financial and operational creditors
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Corporate debtors and promoters
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Homebuyers and allottees
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Resolution Applicants
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Insolvency Professionals
If you are affected by insolvency proceedings or considering legal action under the IBC, timely legal advice is crucial.