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Home / Company Law & Secretarial Services / Insolvency & Bankruptcy (IBC) Advisory
Last updated: 2 October 2026
When a company cannot pay its debts, the Insolvency and Bankruptcy Code sets out a time-bound process to resolve or liquidate it. Our team helps creditors and companies understand their position, prepare documents and work with insolvency professionals and advocates through the process.
The IBC (Amendment) Act, 2026 made further changes, including faster admission and new processes; some provisions are yet to be notified, so we confirm what applies to your case.
Based on the Insolvency and Bankruptcy Code, 2016 and IBBI regulations, as amended by the IBC (Amendment) Act, 2026. Last updated: 27 September 2026.
Minimum default to start CIRP
Outer limit for completing CIRP
Stops most actions once CIRP is admitted
Insolvency professional who runs the process
Minimum default for MSME pre-pack
Timeline for MSME pre-pack
Timelines in the IBC are strict.
Creditors miss the claim window and lose their say.
Default not proved with proper records.
Pre-pack or settlement options not considered early.
Related tribunal and closure services.
Tribunal proceedings.
Other closure routes.
Notices before filing.
Assessing a counterparty.
Position and options reviewed.
Records gathered and organised.
Application or claim documents prepared for your advocate or insolvency professional.
Coordination with the resolution professional.
Support in evaluating resolution plans or settlement.
Next steps after resolution or liquidation.
Admission changes who controls the company.
Suits and recovery actions are paused.
The resolution professional runs the company.
Creditors file claims within the set time.
A resolution plan or liquidation.
Share your query and our team will reply during business hours.
₹1 crore for a corporate insolvency resolution process.
It must be completed within 330 days, including time spent in litigation.
An insolvency professional appointed as resolution professional.
A faster process for MSMEs with defaults of ₹10 lakh or more, to be completed within 120 days.
No. We support you with analysis and documents; the process is run by an insolvency professional and representation is by advocates or authorised professionals.
ACS – Director, Expertvuw Management Pvt Ltd
IBC support is provided by Expertvuw’s team. Resolution and liquidation processes are conducted by independent insolvency professionals, and representation before the NCLT is made through advocates or authorised professionals.