CIRP, the new creditor-initiated CIIRP, personal-guarantor exposure and resolution — handled by a team that lives in the Code.
The Insolvency and Bankruptcy Code (Amendment) Act, 2026 changed the ground under every promoter and lender. Financial creditors holding at least 51% of the debt can now begin a creditor-initiated resolution process (CIIRP) out of court, on a 30-day notice, without first getting an NCLT admission order — key provisions came into force in 2026. Whether you're a promoter who has just received a notice, a lender deciding how to move, or a guarantor worried about personal exposure, the strategy is set in the first days. We act on both sides — same-day response, fees quoted upfront.
Insolvency turns on credential, judgment and speed. Our insolvency and IBC practice is led by Experts , who holds a dedicated IBC credential as IBBI-registered Insolvency Professional / IBC certification and works these matters day in, day out. That means you get a practitioner who knows how committees of creditors actually behave, how resolution professionals run a process, and where value is won or lost — on either side of the table.
Corporate insolvency resolution for promoters and creditors, from application and admission through the resolution plan.
Advisory and defence under the new out-of-court process introduced by the 2026 amendment — for both those initiating and those receiving a notice.
Claim admission, committee-of-creditors strategy, voting and resolution-plan evaluation.
Demand notices and CIRP applications for suppliers and vendors owed undisputed debt above the threshold.
Assessing and defending promoter and personal-guarantor exposure, which runs as a separate process.
Resolution plans, one-time settlements and restructuring before and during a process.
Liquidation representation and asset-realisation issues where resolution isn't possible.
Applications, objections and appeals before the tribunals, including urgent interim matters.
Read the notice or the balance sheet and map the real exposure and the moves available — fast, before deadlines close them off.
Run the process on your side — creditor or promoter — through the committee, the plan and the tribunal.
An ongoing desk for lenders and businesses with recurring stressed accounts, recovery and enforcement.
We acknowledge new matters the same working day and move immediately when a notice or a deadline is already running.
A named, credentialed practitioner owns your matter end-to-end — not a rotating bench you never meet.
Scope and fees are agreed in writing before we start, with no hourly billing — you know the picture first.
Distress rarely sits alone — it runs through lending, recovery and disputes. Related pages:
In defined circumstances, yes. The Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduced a creditor-initiated insolvency resolution process (CIIRP) under which notified financial creditors holding at least 51% of the debt by value can begin resolution out of court by issuing a 30-day notice to the company, rather than first obtaining an NCLT admission order. Key provisions were operationalised in 2026. Most promoters do not yet know this route exists, so if you receive such a notice the time to act is immediately.
The traditional Corporate Insolvency Resolution Process (CIRP) begins only when the National Company Law Tribunal admits an application and appoints a resolution professional, who then runs the company. The creditor-initiated process (CIIRP), introduced by the 2026 amendment as a new Chapter IV-A (Sections 58A to 58K), starts out of court on a qualifying financial creditors' notice, and the debtor's management stays in possession under the oversight of a resolution professional. CIIRP is designed to conclude within 150 days, extendable by 45 days by the tribunal. Which process you face changes your strategy, so that is the first thing we identify.
Once a corporate insolvency resolution process begins, a moratorium under Section 14 of the Code suspends suits and recovery actions against the company and bars transfer of its assets, while a resolution professional runs the company as a going concern under the committee of creditors. It is a shield and a straitjacket at once, because management's control is displaced, which is why promoters should engage before admission, not after.
Possibly. Personal guarantees given by promoters to lenders can be enforced through a separate insolvency process against the guarantor, distinct from the company's process. If you have signed personal guarantees, your exposure stands on its own and needs its own strategy, which we assess early rather than after a demand lands.
The traditional corporate resolution process is meant to conclude within 330 days including litigation, though real timelines vary. The new creditor-initiated process is designed to be faster, with a 150-day timeline extendable by 45 days by the tribunal. Because value erodes with delay, both creditors and promoters benefit from moving quickly and with a clear plan.
Yes. An operational creditor such as a supplier, vendor or service provider owed an undisputed debt above the statutory threshold can issue a demand notice and, if the debt is unpaid and undisputed, initiate a corporate insolvency resolution process against the debtor. Often it is the credible threat of the process, as much as the process itself, that recovers the money, so we advise on when the Code is the right lever and when a recovery suit or settlement is faster.
Yes, because early action preserves options. Restructuring, a one-time settlement, or — for eligible MSMEs — a pre-packaged process may be available before a full process starts, and directors carry duties as insolvency nears that can attract personal liability if ignored. The earliest conversations are the cheapest and the widest in options.
Send us the notice or the position and we'll tell you what process you're in, what's at stake, and the first moves — same-day response, fees quoted upfront.
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Lynx Legal Partners LLP · LLPIN: ABB-6277 · Registered office: Mumbai
