Insolvency & Bankruptcy Practice Group

Credence Law has a well-established Insolvency & Bankruptcy practice, where the firm represents clients in Pan India at different National Company Law Tribunals (NCLT) and at National Company Law Appellate Tribunal (NCLAT). Our Founding Partner Mr. Rakesh Kumar is the Honorary Secretary of the NCLT&AT Bar Association. We have been involved in every phase of this evolving law of IBC in India since its inception and have a number of reported judicial pronouncements at NCLT, NCLAT, and the Hon’ble Supreme Court of India.

The law relating to Insolvency and Bankruptcy in India has been a true example of the dynamic element of the various corporate legislations. Our decipherable teams are in tune with the present and expected trends. We have been constantly working on strategizing on complex matters under the Insolvency and Bankruptcy Code of 2016. Prior to the regularization of the IBC, Credence Law has always been on the horizon for a codified law on Insolvency and Bankruptcy matters. It is often said that “An intense anticipation itself transforms possibility into reality” and that is how exactly it turned out in 2016 when the IBC came into force. We take huge pride to be the precursors of this field of law. Our experience covers the entire range of this practice, starting from restructuring under formal and informal procedures towards revival for corporates with early signs of distress, to processes involving actual liquidation and winding down of businesses. We are also a leading fraternity in decoding complex matters which require attention to detail and profound legal minutia. Our integrated and comprehensive approach towards the matters of our clients helps us to be the torch bearers for the legal remedy and thus the reason for our impeccable record in representing matters before the Hon’ble NCLT, NCLAT, High Courts, and The Supreme Court. We have been delivering encouraging services to our big segment clients in the resolution of their matters concerned.

Our legal and professional services stretch from a to z under insolvency & bankruptcy laws. However, the major services that we provide are classified as follows:

  1. 1 PPIRP (Pre-packaged Insolvency Resolution Process)

A pre-packaged CIRP was introduced on 04.04.2021 for corporate persons classified as micro, small and medium enterprises.

  1. Purpose and philosophy of PPIR

As per the preamble to the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 issued on 04.04.2021, the purpose of the Ordinance is to help MSMEs to get over difficulties faced due to the COVID-19 pandemic. Some important observations made in the subcommittee are as follows: Pre-pack CIRP is a hybrid framework for the resolution of stress as a going concern with minimum government intervention. It is a step to introduce both informal (out of court) and formal (judicial) insolvency proceedings.

  • We provide the following services under PPIRP:
  • For MSMEs where the threshold of default is 1 Cr, we help them adopt PPIRP instead of CIRP and help them to resolve the stress in the business with their Financial Creditors/Operational Creditors in an informal way at the preinitiation stage.
  • Where the default of MSMEs is at least 10 lakhs and default arose between 25 March 2020 to 24 March 2021, we help the Corporate Debtor to resolve the stress in the business with their Financial Creditors/Operational Creditors in an informal way at the pre-initiation stage
  • Where the informal way does not succeed, we have expertise in the drafting of the Preliminary Information Memorandum (PIM), Base Resolution Plan (BRP) / Base Alternative Plan (BAP).
  • Filing the PPIRP application and representing the Corporate Debtor before the NCLT and getting PPIRP closed with Base Resolution Plan/BAP. Representing creditors at NCLT in PPRIP proceedings.
  • 2 Initiating Insolvency under sections 7 and 9 of the IBC (Representing Petitioner)
  • For MSMEs where the threshold of default is 1 Cr, we help them adopt PPIRP instead of CIRP and help them to resolve the stress in the business with their Financial Creditors/Operational Creditors in an informal way at the preinitiation stage.
  • We provide the following services to Financial Creditor :
  • Examination of documents and ascertaining the default amount due and payable and ascertaining if the petition is maintainable or not before the NCLT.
  • Drafting of the petition along with all other required documents as prescribed under Section 7/9 of IBC Code, 2016 in order to ensure compliance with the provisions in regard to the matter concerned
  • Filing of the petition before the respective NCLT Bench (Pan India, i.e., Delhi, Chandigarh, Banglore, Chennai, Ahemdabad, Allahabad, Amravati, Cuttack, Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai) as per the procedure laid down under the respective statute.
  • Appearing before the Hon’ble NCLT and arguing for the admission of the petition to ensure that the client does not have to bear any losses.
  • Negotiating the settlement talks between the parties concerned and trying to make the best settlement possible in the interest of our clients.
  • Execution of the settlement deed after the client’s perusal.
  • Withdrawal of petition from the Adjudicating Authority on the execution of settlement in the specific form as prescribed under the statute.

  1. 1. Initiating Insolvency U/S 7 and 9 of the IBC (Representing Corporate Debtor)

Under the IBC Code, 2016, the financial creditor(s) can initiate the Corporate Insolvency Resolution Process (CIRP) by filing a petition U/S 7/9 at the concerned NCLT.

  1. We provide the following services to Corporate Debtor:
  • Examination of documents and ascertaining whether the amount of debt and default is due or payable or not and if the matter in concern is maintainable or not before the Adjudicating Authority.
  • Drafting and filing of reply on behalf of the corporate debtor as per their satisfaction.
  • Appearing and defending the corporate debtor before the Hon’ble NCLT in the best interest of the client.
  • We strategize the overall matter on behalf of the corporate debtor for the resolution of the corporate debtor.
  • After the strategy in the matter concerned is prepared, arguments on merits and on the basis of legal minutia of our expert team on behalf of the corporate debtor and oppose the admission of the petition against the Corporate Debtor
  • Negotiating the settlement talks between the parties concerned and trying to make the best settlement possible in the interest of our clients
  • Execution of the settlement deed after the client’s perusal.
  • Withdrawal of petition from the Adjudicating Authority on the execution of settlement in the specific form as prescribed under the statute.

  • CORPORATE APPLICANT U/S 10 SERVICE ZONE

  • 1. Initiating Insolvency U/S 10 of the IBC (Representing Corporate Applicant)
  • Under the IBC Code, 2016, where a corporate debtor has committed a default, a corporate applicant can initiate the Corporate Insolvency Resolution Process (CIRP) by filing a petition U/S 10 of the IBC, 2016.
  • We provide the following services to Corporate Applicant: -
  • Filing of the petition on behalf of the Corporate Debtor prescribed under section 10 of IBC, 2016 before the Hon’ble NCLT.
  • Assuring attachment of all required documents along with the petition as prescribed under section 10 to ensure no objection is raised w.r.t. filing from the Adjudicating Authority.
  • Ensuring approval of the application by way of special resolution and filing of form MGT 14 (Section 117 Of Companies Act 2013) with ROC with reference to the special resolution passed.
  • Rectifying the defects (if any) in the application prescribed by the order issued by the Adjudicating Authority
  • Appearing and representing the Corporate Debtor before the Hon’ble NCLT in the best interest of the client.
  • We strategize the overall matter on behalf of the corporate debtor for the resolution of the corporate debtor
  • Arguments on merits on behalf of the Corporate Debtor.

  • 1. Initiating Insolvency U/S 10 of the IBC (Representing Corporate Applicant)
  • Under the IBC Code, 2016, where a corporate debtor has committed a default, a corporate applicant can initiate the Corporate Insolvency Resolution Process (CIRP) by filing a petition U/S 10 of the IBC, 2016.
  • We provide the following services to Corporate Applicant: -
  • Filing of the petition on behalf of the Corporate Debtor prescribed under section 10 of IBC, 2016 before the Hon’ble NCLT.
  • Assuring attachment of all required documents along with the petition as prescribed under section 10 to ensure no objection is raised w.r.t. filing from the Adjudicating Authority.
  • Ensuring approval of the application by way of special resolution and filing of form MGT 14 (Section 117 Of Companies Act 2013) with ROC with reference to the special resolution passed.
  • Rectifying the defects (if any) in the application prescribed by the order issued by the Adjudicating Authority
  • Appearing and representing the Corporate Debtor before the Hon’ble NCLT in the best interest of the client.
  • We strategize the overall matter on behalf of the corporate debtor for the resolution of the corporate debtor
  • Arguments on merits on behalf of the Corporate Debtor.

  1. 1. Resolution Plan under IBC (Representing Corporate Debtor/ Financial / Operational Creditors/ Corporate Applicant)

A Resolution Plan means a plan proposed by the resolution applicant for the resolution of the Corporate Debtor as a going concern in accordance with Part II of the Code. The Resolution Professional invites Expressions of Interest from the potential Resolution Applicants. For the purpose of formulation of a Resolution Plan, the Resolution Professional prepares an Information Memorandum to be submitted to the potential

Resolution Applicants. The Resolution Professional also prepares a Request for Resolution Plan / Process Memorandum which provides the manner in which the entire resolution plan is to be filed.

  1. We provide the following services in relation to Resolution Plan:
  • Drafting of a resolution plan based on the Information Memorandum in the best interest of our client.
  • Analysis of the resolution plan submitted by the resolution applicant under section 30 of the IBC,2016.
  • Presenting the resolution plan before the COC under section 30(3) of IBC.
  • Strategizing on the commercials and feasibility of the resolution plan.
  • Dealing with objections to the resolution plan.
  • We take immense pleasure in stating that we have been a part of significant resolution plans which are approved by PAN India from all the sectors of business including but not limited to the Real estate sector, Energy & Power Sector, Industrial Sector, Services Sector, etc.
  • 2. Liquidation Process
  • Under IBC when a resolution plan is rejected by the Hon’ble NCLT under section 31 of IBC or if the plan is not received by the NCLT it shall pass an order under section 33 of IBC 2016 pursuant to which the company enters into the stage of liquidation governed under Chapter III of IBC, 2016.The adjudicating authority may pass an order for liquidation of the company under section 33(4) for an application received under section 33(3) of IBC 2016.
  • We provide the following services when a liquidation order is passed:
  • Drafting of written consent on behalf of the resolution professional post appointment as liquidator to the adjudicating authority under section 34(1) of IBC.
  • Defending the Resolution Professional in case, he is being replaced by the Adjudicating Authority for any reason as listed under section 34(4) of IBC.
  • Exercise the duties and powers enumerated under section 35 of IBC
  • Formation of liquidation estate in relation to the corporate debtor in accordance with provisions of section 36 of IBC
  • Access the requisite information from the various sources as prescribed under section 37 of IBC.
  • Consolidation and collection of claims of creditors under section 38 of IBC.
  • Assisting in the verification of claims under section 39 which were submitted under section 37 of IBC.
  • Admission or rejection of claims under section 40 of IBC.
  • Determination of valuation of claims received under section 41 of IBC.
  • Defending the appeal by the creditor against the decision of the liquidator under section 42 of IBC.
  • Application to adjudicating authority when the liquidator has reason to believe that the corporate debtor has entered into preferential transaction under section 43 of IBC.
  • Ensuring compliance with the order passed by the Adjudicating Authority under section 44 of IBC.
  • Application to adjudicating authority where the liquidation has reason to believe that the corporate debtor has entered into an undervalued transaction under section 45 of IBC.
  • Defending Application filed with adjudicating authority by the creditors under section 47 wherein the application was not made by the liquidator under section 45 of IBC.
  • Ensuring compliance with the order passed by the Adjudicating Authority under sections 48 and 49 of IBC.
  • Application to adjudicating authority where the corporate debtor has entered into extortionate credit transaction under section 50 of IBC.
  • Ensuring compliance with the order passed by the Adjudicating Authority under section 51 of IBC.
  • Ensuring that the proceeds of the sale of liquidation assets are distributed in compliance with the order of priority as mentioned under section 53 of IBC.
  • Application to adjudicating authority seeking an order of dissolution of the corporate debtor under section 54(1) of IBC
  • Ensuring that where a compromise or arrangement is proposed under section 230 of the Companies Act, 2013, it shall be completed within ninety days of the order of liquidation under section 33 of IBC 2016 as per Regulation 2B of Insolvency And Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
    • Pursuant to Regulation 5 of Insolvency And Bankruptcy Board of India (Liquidation Process) Regulations, 2016 ensuring that the following reports are prepared and submitted:
    • → A preliminary report;
    • → An asset memorandum;
    • → progress report(s);
    • → sale report(s);
    • → minutes of consultation with stakeholders; and
    • → the final report prior to dissolution
    • Ensuring that the liquidator shall maintain the following registers and books, as may be applicable, in relation to the liquidation of the corporate debtor, and shall preserve them for a period of eight years after the dissolution of the corporate debtor:
    • → Cash Book
    • → Ledger
    • →Bank Ledger
    • → Register of Fixed Assets and Inventories
    • → Securities and Investment Register
    • → Register of Book Debts and Outstanding Debts
    • →Tenants Ledger; o Suits Register
    • → Decree Register
    • → Register of Claims and Dividends
    • → Contributories Ledger
    • → Distributions Register
    • → Fee Register
    • → Suspense Register
    • → Documents Register
    • → Books Register
    • → Register of unclaimed dividends and undistributed proceeds
    • → Such other books or registers as may be necessary to account for transactions entered into by him in relation to the corporate debtor.
  • 3. Legal support to Ex-Management upon commencement of the CIRP Process under IBC, 2016
  • The ambit of the services provided by us under the Insolvency & Bankruptcy Code, 2016 is not limited to Corporate Debtors, Financial Creditors or Operational Creditors or Corporate Applicants or RP. We provide our expert services to the management of the Corporate Debtor also. We provide the following services to Ex- management:
  • Analyze and then further strategize the implementation of the moratorium order passed under Section 14 of IBC, to ensure that there is no noncompliance with the order passed.
  • Challenging the valuation of assets and liabilities as per the report of the Registered Valuer as prepared under The Companies (Registered Valuers and Valuation) Rules, 2017.
  • Defending the application filed against the personnel of the Corporate Debtor, its promoter, or any other person for non-cooperation filed by the RP under section 19(2) of the IBC, 2016.
  • Challenge the modifications made in the existing contracts made by the RP under section 20(2) of IBC, to ensure that our client does not suffer any harm due to the changes made.
  • Consultancy on taking part in COC meetings conducted under Section 24 of IBC, and ensuring that the meeting is conducted in compliance with the regulations laid down in the stature with respect to the meetings of COC.
  • Defending the application filed under section 25(2)(j) of IBC, for the avoidance of transaction in accordance with Chapter III and providing sufficient proof to the court that the client did not indulge in the alleged transaction.
  • Defending the application filed or order passed under section 43 /44 of IBC, respectively alleging corporate debtor to have given preference to a transaction.
  • Defending the application filed under section 45 of IBC by RP/Liquidator or application filed under section 47 of IBC 2016 by creditors wherein they are of opinion that the corporate debtor has entered into an undervalued transaction and presenting the requisite submissions to prove that our client was never indulged in the alleged transaction.
  • Defending the application filed under Section 50 of IBC 2016 alleging that the corporate debtor has entered into extortionate credit transactions.
  • Challenging the Resolution Plan under Section 32 of IBC, admitted by the COC under section 30(4) of IBC
  • Defending the liquidation order passed by the Adjudicating Authority under section 33(2) of IBC, by submission of facts as to why the liquidation order shall not be passed and that the order is detrimental to the interest of the client.
  • Challenging the distribution of assets made under section 53 of IBC
  • Defending the appeals filed under section 61 of IBC, 2016 before the Hon’ble NCLAT (New Delhi and Chennai).

We render following corporate & commercial legal advisory:

  1. 1. Resolution Plan under IBC

A Resolution Plan means a plan proposed by the resolution applicant for the resolution of the Corporate Debtor as a going concern in accordance with Part II of the Code. The Resolution Professional invites Expressions of Interest from potential Resolution Applicants/Investors. For the purpose of formulation of a Resolution Plan, the Resolution Professional prepares an Information Memorandum to be submitted to the potential Resolution Applicants/Investors. We provide the following services in relation to Resolution Plan for potential Investors:

  • Drafting of a resolution plan based on the Information Memorandum in the best interest of our client
  • Presenting the resolution plan before the COC under section 30(3) of IBC.
  • Strategizing on the commercials and feasibility of the resolution plan.
  • Dealing with objections to the resolution plan.

Area Of Practice


  • Merger, De-merger, Amalgamation, Scheme of Arrangement, Revival of Sick Units, Rehabilitation of the Corporate Entities, Revival of the Companies, Spin-off, Buyback of Shares, Reduction of Shares, Hiving off substantial assets of the Company etc.
  • Corporate Equity Restructuring / Corporate Group Entities Restructuring.
  • Corporate Entities Restructurings in view of the Family Settlements of the of the Promoters / Shareholders

  • Draftsmen and Pleaders for various drafting / pleadings in the Supreme Court, High Courts, District Courts, Tribunals etc. for the general litigations as well as the litigation specific to the Corporate nature.
  • Special expertise to handle corporate disputes between the shareholders and directors.
  • Disputes between the foreign parties inter-se in India, foreign parties and/or Indian parties in reference to their various agreements arrived through foreign collaboration, joint venture, technical know-how agreements, confidentiality agreements, IPR agreements etc.
  • Arbitration cases of national and/or international nature of the Indian and/or foreign parties.
  • To appear as counsels before the below mentioned Courts / Tribunals
  • Supreme Court of India and High Courts,
  • District Courts,
  • Tribunals (National Company Law Tribunal, Debt Recovery Tribunal, Debt Recovery Appellate Tribunal, State Consumer Commission, National Consumer Commission, Competition Commission of India, etc.)

To draft various Corporate and Commercial Agreements of the following nature:

  • Joint Venture Agreements
  • Foreign Collaboration Agreements
  • Technical Know-how Agreements
  • Royalty Agreements
  • Confidentiality Agreements
  • Franchise Agreements
  • Celebrities Agreements
  • Surrogacy Agreements
  • Real Estate Transaction Agreements
  • Corporate Acquisition Agreements
  • Non-Corporate Acquisition Agreements (Sole Proprietorship Firm and the Partnership Firm)
  • Non-profit Organization Agreements such as the Trust, Society & Section 25 Companies
  • IPR Protection Agreements such as Patent, Trademark, Copyright, Designs etc
  • Marine Agreements
  • Infrastructure Agreements
  • PPP Projects Agreements
  • Tender and Auctions Drafting
  • Builders Agreements
  • Government Organization based Agreements

Teams of senior professionals of the Firm provide corporate advisory pertaining to the following statutes:

  • The Companies Act, 1956
  • The Securities Contract (Regulation) Act, 1956
  • The Securities and Exchange Board of India Act, 1992
  • The Industrial (Development & Regulation) Act, 1951
  • The Competition Act, 2002
  • The Foreign Exchange Management Act, 1999
  • The Foreign Contribution (Regulation) Act, 2010
  • The Sick Industrial Companies (Special Provisions) Act, 1985
  • The Consumer Protection Act, 1986
  • The Limited Liability Partnership Act, 2008

Professionals of our firm have rich experience in dealing with following government departments and getting regulatory approvals for our clients from different business sectors:

  • Registrar of Companies (ROC), all over India
  • Ministry of Corporate Affairs (MCA)
  • Regional Director, MCA, all over India
  • Reserve Bank of India (RBI)
  • Foreign Investment Promotion Board (FIPB)
  • Secretariat for Industrial Assistance (SIA)
  • Director General of Foreign Trade (DGFT)
  • Income Tax Department
  • Foreign Contribution Regulation Act Division, Ministry of Home Affairs (FCRA)
  • Director General of Supplies and Disposals (DGS&D)
  • Department of Telecommunication (DOT)

We render following corporate & commercial legal advisory:

  • To provide opinions on the Corporate and Commercial transactions for the Acquisitions, Mergers, Sell off of the Industrial Units, IPR rights, Corporate Entities, Real Estate, etc.
  • To provide expert opinions on the interpretation of the various Corporate and NonCorporate Statues of India and Outside India for taking the appropriate and commercial decisions by the various entities.
  • To provide advisory on the high-stake commercial transactions on taking the decision at pre-litigation stage.
  • To provide consultancy to set up business establishments outside India by the Indian entities.

We provide following corporate financial advisory services depending upon the need of an enterprise:

  • Initial Public Offering
  • Equity Placement / Private Equity / Venture Capital
  • Joint Ventures of MNCs with Indian Companies
  • Raising Term Loan for Green Field Projects or for Expansion
  • Equipment Leasing
  • Assets Based Loan
  • Raising External Commercial Borrowing
  • Issuing Foreign Currency Convertible Bonds
  • Issuing Global Depository Receipts / American Depository Receipts
  • Arrangement of working Capital need
  • Arrangement of Bill Discounting / Factoring of Receivables
  • Takeover of the Companies / Selling of Stake
  • Reverse Merger
  • Debt Restructuring of Companies in stress
  • Rehabilitation of Sick Companies

We provide following services relating to Patent:

  • Patent Portfolio Management, Prior Art Search, FTO Search, Drafting provisional as well as complete specification.
  • Drafting, filing & prosecuting patent Applications, PCT Applications & National Phase Applications based on various technologies i.e. Chemical, Mechanical, Electronics, and Electrical & Parma etc. Patent assignment and licensing. Filing opposition for Patent Applications and revocation of granted patents.
    • We provide following services relating to Trade Marks & Service Marks:
  • Conducting Trade Marks Search, drafting and filing the documents for the registration of the Trade Marks. Opposition related services for the trademarks. Assignment and Licensing of Trade mark matters
  • Trademark watch. Providing legal opinion on infringement related issues of trademark. Providing legal protection against the trademark Infringement.
    • We provide following services relating to Copyright & Designs:
  • Copyright registration related services for software, book materials, music, songs etc. Infringement analysis & litigation related services against the copyright infringements.
  • Design protection by the way of registration. Protection against infringement activities of design.

Our professionals specialize in providing following services to Real Estate Companies, Banks, Financial Institutions, Individuals and Developers of Commercial and Residential Projects.

  • Investigation of title, Sale, Purchase, Lease & Renting
  • Structuring transactions for buyers and sellers of Commercial and Industrial Real Estate.
  • Representing banks and financial institutions in connection with financing transactions secured by real estate.
  • Structuring and documentation of the transactions.
  • Acquisition and disposition transactions of Real Estate Properties
  • Structuring and drafting leasing for developers, owners, lessor and lessee.
  • Change of Land Use (CLU)
  • Special Economic Zone & Special Development Zone
  • Setting up of Townships, IT Parks, Malls and Commercial Complexes.

Our professionals specialize in providing following services to Real Estate Companies, Banks, Financial Institutions, Individuals and Developers of Commercial and Residential Projects.

  • To provide opinions on the legal matters specific to Government Sectors.
  • To provide opinion on the statutory amendments that relates to the Government Sectors.
  • Corporate and Commercial Conveyancing related to the PSUs and Government Sectors.
  • Drafting of auction letters of the PSUs
  • Drafting of tender documents .
  • To provide consultancy on Public Private Partners Projects (PPP Projects)
  • To provide consultancy on law specific to the Government Sectors.
  • To provide consultancy on the Financial Instruments such as Bonds, Debentures etc. issued by the Government Sectors.
  • To provide consultancy on the Restructuring of the Government Sector Undertaking.

We provide following services relating to NPOs / NGOs:

  • Formation of Non-Profit Organization (NPO)/NG) as Trusts / Societies / Section 25 Companies
  • Devising strategic entry of foreign Non-profit organization (NPO) in India
  • 12A & 80G Tax Exemptions
  • Foreign Contribution Regulation Act (FCRA), Approvals / Registrations
  • Public Private Partnership of NPO with Government of India
  • Structuring of NPO / NGO
  • Government grants to NPO / NGO

We provide following services relating to NPOs / NGOs:

  • To provide consultancy for inbound investments in India by the foreign entitles outside India.
  • Foreign Exchange Management Act (FEMA) advisory
  • Procuring FIPB / SIA/ PAB/ RBI approvals.
  • To provide consultancy on the establishment of entities in India of Foreign Parties.
  • To provide consultancy for the establishment of units in India in the Specific Economic Zones.
  • To advise Indian entities to set up their business outside India.
  • To obtain the Regulatory Approvals for the Indian entities for their Outside Business Operations.
  • To provide consultancy on the International Taxation .
  • To provide consultancy of Double Tax Avoidance Agreements (DTAA).
  • To advise the Indian entities to protect their rights in India such as Patent, Copyright, Trademark, Designs etc.
  • To provide the Comprehensive Financial Advisory to the Foreign Entities in India.

We provide following corporate forensic investigation services:

  • Forensic Investigations of the Corporate, Commercial and Non-Commercial Entities vis-à-vis their Financial Statements.
  • To provide our assistance as professionals for the investigation for the Specific Decision Taken / Objective achieved in the Corporate Sector / Non-Corporate Sector with ulterior motives.
  • To provide our assistance as professionals in legal / Financial Investigations of the Corporate Scams.

We provide following corporate forensic investigation services:

  • Providing comprehensive legal audit / due diligence during acquisition of a company or entering into a joint venture or during infusion of PE funding covering various aspects inter-alia corporate, labour, real estate, IPR, third party contracts, employment laws, taxation, environmental laws, industry specific approvals / permits / permissions, SEBI compliances, litigation, NBFC norms and FEMA.
  • Providing comprehensive legal audit to ensure that companies are in compliance with applicable mandatory provisions of different statutes and rules / regulations made thereunder and to highlight red flag issues for saving penalties and prosecutions and seeking timely condonation for unintentional / inadvertent defaults.
  • Developing industry specific comprehensive checklist of all the central and state level statutes and rules / regulations made thereunder applicable to a company and its various units and developing a pragmatic compliance mechanism to ensure compliance of all laws/rules and regulations.

We provide following national / international taxation advisory services:

  • Cross Border Tax compliance and reporting
  • Transfer pricing – Tax Compliances, Planning, Documentation
  • Tax Compliant and Effective Supply chain management
  • Tax efficient structuring models, double taxation avoidance agreements (DTAA), technical accounting, treasury operations, etc.

We providing following services in education sector:

  • Formation of Trust / Societies / Section 25 Companies (Non Profit Organizations) for the education sector.
  • Entity structuring(s) for the education sector.
  • Financial structuring and re-structuring.
  • Collaboration consultancy between the national and international educational institutions.
  • To co-ordinate and obtain the statutory approvals for setting up of the Deemed Universities, Engineering Colleges, Law Colleges, Medical Colleges etc.
  • To co-ordinate and obtain the statutory approvals for setting up of schools and colleges of national and international institutions.
  • To provide assistance in acquiring land / buildings under the schemes of the Government for setting up of the education institutions.
  • Management and member re-structuring of the education institutions for changing hands.
  • To provide the legal guidance on the policy of the Government of India to setting up foreign education institutions in India.
  • To provide legal consultancy to the foreign education institutions to open up in India.
  • To provide assistances to Indian Education Institutions to expand their activities outside India.
  • To provide taxation consultancy to the education institutions for obtaining the necessary approvals under section 12 A, 80G etc. under the Income Tax Act, 1961.
  • To assist for necessary compliances and regulatory approvals under the UGC, AICTE, and different educational boards for the educational institutions.
  • To provide the consultancy under the FEMA, RBI for setting up education institutions in India by foreigners / foreign institutions.
  • To provide consultancy of international laws to set up educational institutions outside India.