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Showing posts from July, 2023

An Introduction to Bankruptcy Law Services in India

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Generally, Bankruptcy is a process by which individuals and businesses pay their debt entirely or pay back their debt over time. In 2016, the Indian Government enacted a law to simplify and expedite the insolvency and bankruptcy proceedings in India. The objective behind framing such law is to protect the interest of creditors including stakeholders in a company and to offer the necessary relief to the creditors who are waiting for their payment for a long time. Bankruptcy law applies to persons who have been declared bankrupt in court. This happens in two cases. 1- Assets are less than liabilities.  2- The person is unable to pay the debt.  The key features of Bankruptcy areas are; Bankruptcy and insolvency adjudicator, insolvency resolution, and insolvency professionals.   Indian Government’s amendment in insolvency and bankruptcy law in 2016 is one of the biggest economic reforms in the country. In 2016, the Indian Government introduced the Insolvency and Bankruptcy Code (IBC) to de

Legal Services for Dispute Resolution by Top Law Firm

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Dispute resolution is one of the most widely practiced areas in the sphere of law. It is an effective tool to resolve disputes between the disagreeing parties in the courts.   Generally, two methods are used to resolve disputes- the first is litigation and the second is arbitration. In litigation, the matter of the dispute is settled by a judge or jury. And in the case of arbitration, the matter of dispute between the parties is settled by a neutral third party, called an arbitrator.     Indian Lawyers of top law firm are proficient in legal service for dispute resolution. They resolve the dispute with practical, creative legal advice that lays stress on their strategic and commercial objectives. Lawyers of Indian Legal Firm have expertise and experience includes the full spectrum of dispute resolution and litigation mechanisms ranging from negotiation, mediation, conciliation, and conflict resolution to vigorous courtroom strategy, multi-party and class action lawsuits, and appella