Insolvency and Bankruptcy Code

India enacted wide reaching reforms in the area of insolvency and bankruptcy laws. The enactment of Insolvency and Bankruptcy Code, 2016 (“the Code”) to overcome the shortcomings of the erstwhile legislation on the subject has had a significant impact even in the short term. Since the enactment of the Code in 2016, insolvency law in India has been one of the most active legal areas.

Optimista Law Firm team has been involved in several matters involving the Insolvency and Bankruptcy Code, Optimista Law Firm team has represented creditors in various sectors, such as power, heavy industries, tourism, and financial sector. Specifically, Optimista Law Firm team has rendered advisory and consultancy services to creditors on various potential issues that could arise as a result of an interplay between the Code and other applicable laws. Optimista Law Firm team has also initiated insolvency resolution process and sought relief before the NCLT on behalf of various Clients. Optimista Law Firm team supports with a strategic combination of advisory and litigation throughout the course of the insolvency proceedings to our Clients in order to safeguard their financial interests.