The current legal and institutional framework does not aid lenders in effective and timely recovery or restructuring of defaulted assets and causes undue strain on the Indian credit system.
The Insolvency & Bankruptcy Code creates a new institutional framework, consisting of a regulator, insolvency professionals, information utilities and adjudicatory mechanisms, which facilitates a formal, dedicated and time bound insolvency resolution process and liquidation.
With the Advantage of this Code, VLLP offers practical solutions for effective and timely recovery for the Goods Suppliers and Service Providers, who generally face difficult time to recover their due from their contractors/buyers.
VLLP has been assisting Banks, Non-Banking Financial Institutions (NBFC) Trading Companies, and Investors in seeking recovery of their investments from defaulting entities/debtors.
VLLP is currently representing its clients before the National Company Law Tribunals (NCLT) situated at New Delhi, Mumbai, Chennai, Hyderabad, Bangalore, Ahmedabad and the National Company Law Appellate Tribunal (NCLAT) at New Delhi.