Global Vision Law Firm provides specialist representation before the National Company Law Tribunal (NCLT) — handling IBC Section 7 & 9 insolvency petitions, CIRP, winding up, oppression & mismanagement, mergers & amalgamations, and all matters under the Companies Act 2013. Trusted by banks, corporates and creditors across India.
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The National Company Law Tribunal (NCLT) is a quasi-judicial body established under Section 408 of the Companies Act, 2013. It is the single most important forum for corporate law disputes in India — handling everything from insolvency proceedings under the IBC to merger approvals, shareholder disputes and winding up petitions.
The NCLT replaced the old Company Law Board (CLB), BIFR, AAIFR, and the High Court's company jurisdiction — consolidating all corporate adjudication under one roof. The NCLT Delhi bench is among the most active in India handling thousands of cases every year.
If you are a bank, NBFC, vendor, employee, shareholder or corporate entity with a legal dispute involving a company — the NCLT is where your matter must be filed.
"The National Company Law Tribunal shall be the Adjudicating Authority for insolvency resolution and liquidation for corporate persons." — Section 60(1), IBC 2016
Admission of insolvency petitions under Sections 7, 9 & 10. Initiation of CIRP and IRP/RP appointment.
Voluntary and compulsory winding up under Companies Act 2013, including inability to pay debts.
Approval of schemes of merger, demerger, amalgamation under Sections 230–232.
Petitions under Sections 241–244 by shareholders alleging oppression by majority or mismanagement.
Class action suits under Section 245 and restoration of struck-off companies from the RoC register.
From filing your first insolvency petition to representing you at NCLAT — we handle every stage with specialist expertise.
Banks, NBFCs and debenture holders can initiate CIRP under Section 7 on a default of ₹1 crore or more. We assess default, prepare the petition with all documentation and file before the correct NCLT bench — minimising rejection risk.
Get Started →Suppliers, vendors and employees owed ₹1 crore or more can file under Section 9 after issuing the mandatory Section 8 demand notice. We handle the complete process — notice, response window, and petition filing.
Get Started →Once admitted, CIRP commences with moratorium, IRP/RP appointment and resolution plan process. We represent all stakeholders — financial creditors, operational creditors, resolution applicants and the RP throughout.
Get Started →We file winding up petitions when a company is unable to pay its debts, has conducted affairs fraudulently, or it is just and equitable to wind up. We also defend companies against winding up petitions.
Get Started →Minority shareholders whose rights are being oppressed can file Section 241 petitions seeking relief, change of management, buyout orders and other remedies. We also defend companies against such petitions.
Get Started →Schemes of merger, amalgamation or demerger require NCLT approval under Sections 230–232. We draft the scheme, obtain approvals, represent at hearing and handle all post-order filings.
Get Started →For resolution applicants acquiring distressed companies through CIRP — we draft IBC-compliant resolution plans, represent before the CoC and NCLT, and handle all post-approval implementation steps.
Get Started →Aggrieved by an NCLT order? We file appeals before NCLAT — against admission orders, rejection of claims, resolution plan approvals and liquidation orders. We also handle Supreme Court IBC challenges.
Get Started →IBC is the most powerful debt recovery tool in India — faster than civil courts and DRT for large defaults. The threat of CIRP and loss of management control makes many debtors settle early. We maximise your recovery.
Get Started →The Insolvency and Bankruptcy Code 2016 gives different parties different rights. Here are the key sections our NCLT lawyers work with every day.
Banks, NBFCs and debenture holders file under Section 7 on a default of ₹1 crore or more. NCLT must admit if existence of debt and default is established — no need to prove intent or fraud.
Before filing at NCLT, an operational creditor must issue a demand notice under Section 8. The debtor has 10 days to pay or raise a genuine dispute. If neither, Section 9 petition can be filed.
Suppliers, vendors and employees owed ₹1 crore or more in unpaid dues can file under Section 9 after the Section 8 notice period expires without payment or genuine dispute.
A company can voluntarily initiate CIRP when it has committed a default — sometimes a strategic move to restructure debt and prevent aggressive creditor action through the moratorium.
On admission, NCLT declares a moratorium — all suits, executions and asset transfers against the corporate debtor are automatically stayed. A powerful shield protecting assets during resolution.
Any person aggrieved by an NCLT order in an IBC matter can appeal before NCLAT within 30 days. Further appeal to the Supreme Court lies under Section 62.
A clear, structured process from your first call to NCLT admission and CIRP commencement.
We assess debt, default & documentation to determine the best filing route.
For operational creditors — mandatory Section 8 demand notice drafted & served.
We prepare the petition with all exhibits, affidavits and financial documents.
We file before the correct NCLT bench and obtain case number and first hearing.
We represent at the admission hearing. On admission, CIRP commences with moratorium.
Whether you are pursuing a claim or defending one — we represent all stakeholders.
Section 7 petitions for NPA recovery, CoC representation, challenge to resolution plans that undervalue creditor claims.
Vendors, suppliers, contractors and employees filing Section 9 petitions to recover unpaid dues from defaulting companies.
Companies facing insolvency petitions — contesting admission, negotiating pre-admission settlements, filing Section 10 voluntary CIRP.
Investors and acquirers submitting resolution plans to take over distressed companies through the CIRP process.
Minority shareholders filing oppression petitions; promoters defending against hostile insolvency or winding up proceedings.
Homebuyers are financial creditors under IBC — we file Section 7 petitions on behalf of allottees against defaulting developers.
A complete checklist for financial creditor, operational creditor and oppression petitions.
Not sure which forum to use for debt recovery? Here is a clear comparison.
| Parameter | NCLT (IBC) | DRT | Civil Court |
|---|---|---|---|
| Minimum Claim | ₹1 crore | ₹20 lakh (banks/FIs only) | No minimum |
| Who Can File | Financial & operational creditors, corporate debtor | Banks & financial institutions only | Any creditor |
| Timeline | CIRP: 180–330 days (legally binding) | 1–3 years typical | 3–10+ years |
| Management Control | Promoters lose control — very powerful tool | No change | No change |
| Moratorium | Automatic stay on all proceedings on admission | Not automatic | Not automatic |
| Settlement Pressure | Very high — threat of losing company triggers early settlement | Moderate | Low |
| Appeal Forum | NCLAT → Supreme Court | DRAT → High Court | High Court → Supreme Court |
When searching for the best NCLT lawyer in Delhi, here is what sets us apart.
300+ NCLT cases covering Section 7, 9 & 10, CIRP, resolution plans, winding up, oppression and NCLAT appeals. We know every procedural nuance.
Our filing team ensures every petition is complete and correctly structured — minimising rejection risk to near zero and saving you time and money.
Many debtors settle in full at the demand notice stage — before admission. We maximise recovery while minimising time and cost through smart IBC strategy.
Single consistent legal team representing you at every level — NCLT, NCLAT and Supreme Court — with full knowledge of your matter at every stage.
We've represented financial creditors, operational creditors, corporate debtors, resolution applicants, RPs, homebuyers and shareholders — giving us a unique all-round perspective.
Creditors, corporates and shareholders who trusted us with their NCLT matters.
"We had been chasing a ₹3.2 crore payment for 18 months. GVLF filed a Section 9 petition at NCLT. The corporate debtor settled the full amount within 21 days of the demand notice — before we even had to file. Exceptional result.
"Our NBFC had a ₹42 crore NPA. GVLF filed a Section 7 petition and NCLT admitted it within 45 days. The moratorium stopped the promoter from transferring assets. The CIRP resulted in a resolution plan giving us 78% recovery. Outstanding IBC work.
"As a minority shareholder being systematically excluded from management, I filed an oppression petition through GVLF. NCLT granted interim relief within 3 hearings — restraining the majority from further corporate actions without my consent.
Real questions asked by creditors, companies and shareholders — answered clearly.
The National Company Law Tribunal (NCLT) is a quasi-judicial body under Section 408 of the Companies Act, 2013. It handles: corporate insolvency under IBC 2016 (Sections 7, 9, 10), winding up of companies, oppression & mismanagement under Sections 241–244, mergers & amalgamations under Sections 230–232, class action suits under Section 245, and restoration of struck-off companies. The NCLT Delhi bench is one of the most active in India.
If you are a financial creditor (bank, NBFC, debenture holder), file under Section 7. If you are an operational creditor (supplier, vendor, employee), first issue a Section 8 demand notice and wait 10 days. If unpaid and no genuine dispute, file under Section 9. Minimum default threshold is ₹1 crore. File before the NCLT bench where the corporate debtor's registered office is located.
The minimum default threshold is ₹1 crore (revised in 2020 from ₹1 lakh). This applies to both Section 7 (financial creditor) and Section 9 (operational creditor) petitions. If your outstanding amount is below ₹1 crore, our lawyers will advise the best alternative forum for your specific situation.
NCLT is the primary adjudicating authority — it hears and decides insolvency petitions, winding up, oppression matters and company law applications at first instance. NCLAT hears appeals against NCLT orders under Section 61 of the IBC. Appeals from NCLAT lie to the Supreme Court of India. We represent clients before all three levels.
Under the IBC, the CIRP must be completed within 180 days, extendable by 90 days, up to 330 days total. In practice, many matters settle within 30–60 days of the demand notice even before formal CIRP commencement. Our team ensures tight timeline compliance at every stage.
Yes — for defaults of ₹1 crore or more, NCLT/IBC is faster and more effective than civil court. The IBC's most powerful feature is loss of management control — when a company faces CIRP, promoters lose control of the business. This threat alone makes many debtors settle before NCLT filing. Civil court decrees take years and are difficult to execute.
Whether you are a creditor seeking recovery, a company facing insolvency proceedings, or a shareholder with a dispute — our NCLT lawyers are ready to help. Free, confidential first consultation.
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