Guide

How to Choose an Insolvency Lawyer in Delhi

Insolvency work runs on tight statutory timelines and high stakes, so the lawyer you pick matters. This guide sets out what to look for, the questions to ask, and when to act — so you can brief the right counsel with confidence.

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Insolvency & Bankruptcy

Why it matters

The right lawyer changes your options, not just your paperwork

Under the Insolvency and Bankruptcy Code, a case can move from notice to admission to a committee of creditors in weeks. Whether you are a creditor trying to recover, a company trying to survive, or a personal guarantor facing a claim, the lawyer you brief shapes which routes stay open — resolution, restructuring, settlement or defence. Choosing well is less about finding the “biggest” name and more about matching real, relevant experience to your situation.

The checklist

Six things to check before you hire

IBC & Tribunal Experience

Ask how often they appear before the NCLT and NCLAT, and whether they have run CIRP, liquidation and resolution-plan matters — not just advised on them.

Which Side They Act For

Lawyers who act for creditors, debtors and resolution professionals understand how the other side thinks. Ask which roles they have handled.

Timelines, Not Just Outcomes

The IBC runs on strict timelines. Ask how they manage the 180/330-day windows and what happens when deadlines slip.

Fee Transparency

Insist on a clear fee basis — fixed, stage-wise or hourly — and what filing, tribunal and counsel costs to expect.

Bench Strength

Insolvency matters move fast and overlap. Check the team behind the lead lawyer, not just the person in the first meeting.

Delhi Forum Familiarity

Comfort with the Principal Bench of the NCLT at New Delhi, its registry practice and local counsel saves time and surprises.

In the first meeting

Questions to ask at your consultation

Have you handled a matter like mine — same side, similar size — and what happened?
Who from your team will actually run my file day to day?
What is your realistic read on timelines and the likely routes available?
How will you charge, and what costs sit outside your fee?
How and how often will you update me?

Still weighing your position? Our insolvency & bankruptcy team and our corporate & commercial lawyers can walk you through the options in a first consultation.

FAQ

Frequently Asked Questions

What does an insolvency lawyer actually do?

They advise and represent you under the Insolvency and Bankruptcy Code — initiating or defending CIRP, preparing or assessing resolution plans, acting in liquidation, and protecting creditor or debtor rights before the NCLT and NCLAT.

When should I consult an insolvency lawyer in Delhi?

As early as possible — when a default is looming, when you receive a Section 7, 9 or 10 notice or application, or when you need to file or respond to a claim. Early advice preserves more options than waiting until a hearing.

Creditor or debtor — does it change who I should hire?

The law is the same, but strategy differs sharply. A lawyer who has acted on both sides can anticipate the other party’s moves; ask about their experience in your specific role.

How much does an insolvency lawyer cost in Delhi?

It depends on the stage, complexity and forum. Reputable firms give a clear fee basis up front — fixed, stage-wise or hourly — plus an estimate of filing and counsel costs. Ask for this in writing.

Facing an insolvency matter?

Talk to our insolvency team in Delhi

Tell us where things stand and we’ll set out the routes realistically open to you — usually within 24 hours.

Book a Consultation +91-11-49865642