The IBC Act was enacted in the year 2016, to consolidate and amend the laws relating to re-organization and insolvency of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons and to promote entrepreneurship within the Country.
The Act being a new act has a constantly evolving jurisprudence. Hence creating novel arguments along with a strong factual background is necessary for every matter.
Moreover, practices under the Act such as sending and replying to demand notices, preparing and defending applications for initiating corporate insolvency process, representing the parties before NCLT necessitate a dedicated legal professional who is highly acquainted with the Act.