"But the mere truth won't do. You must have a lawyer."
– Dr. Allan Woodcourt to the wrongly accused George Rouncewell, in Charles Dickens's Bleak House.
We are one of the leading law chambers in India, specializing in complex and sensitive corporate litigations. Our practice is led by Mr. Arvind Kumar Gupta.
We have handled highly contested matters of various leading companies across the country, from the initial stage right upto the Supreme Court.
We are one of the few Chambers, with indepth knowledge and experience to handle litigation and advisory issues related to financially distressed companies.
Our team is handling litigation before NCLT, NCLAT, DRT, DRAT, various High Court and the Hon'ble Supreme Court.
WHAT WE ARE EXPERT AT
Mr. Arvind Kumar Gupta started his practice in the Supreme Court in the office of the eminent Advocate on Record Mrs. Manik Karanjawala (Karanjawala & Co.) in the year 1995.
Our Chamber is one of the leading law Chambers of India which handle Litigation and Advisory issues arising out of Insolvency & Bankruptcy Code, 2016.
Company Law Board stood dissolved w.e.f. 01.06.2016 and National Company Law Tribunals i.e. NCLT were constituted, all over the country.
Our Chamber is handling matters relating to the cases filed by Banks and Financial Institutions for Recovery of their dues in Debts Recovery Tribunal (DRT) under The Recovery of Debts and Bankruptcy Act, 1993.
Our Chamber has a substantial experience in dealing with domestic and international Arbitrations and related proceedings for interim reliefs, appointment of Arbitrator, challenging the constitution of Arbitral Tribunal, enforcement of Award and/or challenge to the Arbitral Proceedings before appropriate judicial forms like High Court and Supreme Court.
We have been doing Appellate and Original Civil Litigation on behalf of our Clients for more than 25 years. Such Litigations have involved Civil Suits, Writs, Arbitration, Tax Matters before various Civil Courts, High Courts, Tribunals and Supreme Court.
Arvind Kumar Gupta
Our Law Chamber is headed by Mr. Arvind Kumar Gupta, who has been handling Corporate Litigation and Advisory work for more than 24+ years. He has been briefed by not only leading National and International Companies from the Business world but also numerous Law Chambers for their legal matters.
Purti Gupta
Mrs. Purti Gupta has been handling Corporate Litigation as a leading Arguing Counsel with a practice of more than 19+ years. Her core areas of practice include matters pertaining to Insolvency Laws, Restructuring of Companies, Corporate Disputes, Mergers & Amalgamations under Company Law, Arbitrations, Writs etc.
Pre-packaged Insolvency Resolution Process
The Government has recently introduced the Pre-packaged Insolvency Resolution Process, which is meant for a time bound resolution of debts of Micro, Small and Medium Enterprises (MSMEs). It gives an option to the MSMEs to get a resolution plan drawn in their favour with the consent of atleast 66% of the creditors
Asset Reconstruction Company (India) Limited vs. Bishal Jaiswal- Hon'ble Supreme Court
The judgment of the Hon'ble Supreme Court in the matter of Asset Reconstruction Company (India) Limited vs. Bishal Jaiswal (Judgment dated 15.04.2021 in Civil Appeal No. 323/2021) has revisited the issue of acknowledgement of debt in the balance sheet of the Corporate Debtor from the aspect of extending the limitation period to raise claims
Ghanashyam Mishra and Sons Pvt Limited vs. Edelweiss Asset Reconstruction Company Limited: Hon'ble Supreme Court
The judgment of the Hon'ble Supreme Court in the matter of Ghanashyam Mishra and Sons Pvt Limited vs. Edelweiss Asset Reconstruction Company Limited (Judgment dated 13.04.2021 in Civil Appeal No. 8129/2019) has laid to rest the claims which are raised by various statutory authorities and other creditors even after the approval of Resolution Plans
Declaration as a Wilful Defaulter: Compliance under RBI Master Circular
The Hon'ble Delhi High Court in the matter of Ansal Properties & Infrastructure Limited (Order dated 20.04.2021 in WP No. 570/2021) while relying upon the judgment of the Hon'ble Supreme Court in State Bank of India vs. Jah Developers Private Limited & Ors. (2019) 6SCC 787,
REPEAL OF THE SICK INDUSTRIAL COMPANIES SPECIAL PROVISIONS ACT, 1985 AND ADVENT OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016
The Government of India has repealed SICA with effect from 1.12.2016 and the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 has been brought into effect in exercise of the provisions contained in sub-clause 2 of Section 1 of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003
THE INSOLVENCY AND BANKRUPTCY CODE, 2016-THE TRANSFER OF PROCEEDINGS AGAINST GUARANTORS TO THE NATIONAL COMPANY LAW TRIBUNAL
The Insolvency and Bankruptcy Code, 2016 has now come into force. Under the new resolution mechanism, the National Company Law Tribunal has been made the adjudicating Authority for Insolvency Resolution and Liquidation for corporate persons including corporate debtors and personal guarantors.The 'personal guarantor'in respect of the corporate debtor has been defined under Section 5(22) and means any individual who is the surety in a contract of guarantee to a corporate debtor.
Prominent cases handled by Our Chambers
Ansal Group SEL Manufacturing Company Ltd. Uttam Galva Steels Ltd. & Group Companies Ruchi Soya Industries Ltd. Liberty Group House Pte.Ltd. Metenere Ltd. Sharp Corp Group NCML Group Arfat Petrochemicals Pvt. Ltd. Spentex Group (now known as CLC Industries Ltd.) IFCI Ltd. ESIC National Textile Corporation Ltd. AbhijeetFerrotech Ltd. Hindustan Motors Ltd. Shiva Group
Asian Natural Resources (India) Ltd. Indo German International Pvt. Ltd. Thyssen Krupp GmbH Alok Industries Ltd. Videocon Group JK Cement Ltd. Binani Industries Ltd. Orris Infrastructure Ltd. Bhatia Coal Group Artemis Hospital SwadeshiPolytex Ltd. Forech India Pvt.Ltd. AdhunikMetaliks Ltd. Sharda Group Bhushan Power & Steel Ltd.