Corporate litigation — protecting business interests in India's courts.
High-stakes corporate disputes require attorneys who understand both the law and the commercial realities of your business. From shareholder oppression and minority rights disputes to M&A disputes, corporate fraud, and boardroom conflicts, SIRI Law LLP delivers rigorous, commercially-aware litigation strategy across India's courts and tribunals.
Getting the IBC's current state right
The IBC just had its biggest overhaul since 2016. A "may admit" process is now a "shall admit" one.
Some corporate litigation content describes the IBC process as static — a time-bound CIRP triggered by a ₹1 crore default, adjudicated by the NCLT. That's the 2016 baseline, but it's no longer the complete picture. The Insolvency and Bankruptcy Code (Amendment) Act, 2026 received presidential assent on 4 April 2026 and was published in the Gazette on 7 April 2026 — the most far-reaching reform to the IBC since its original enactment, following a Select Committee process that began when the amendment Bill was introduced in the Lok Sabha in August 2025.
The single most consequential change is procedural but has enormous practical effect: the NCLT must now mandatorily admit an insolvency application once the existence of debt and default is established. This reverses the discretionary approach the Supreme Court had permitted under Vidarbha Industries, which allowed the tribunal to weigh a corporate debtor's overall financial health, ongoing regulatory proceedings, or other mitigating circumstances before deciding whether to admit a petition even where default was proven. The amendment effectively restores the earlier, stricter Innoventive Industries position — "may" becomes "shall," and a 14-day admission decision timeline is codified.
For boards and creditors, the practical upshot is a shift in leverage: mandatory admission narrows a debtor's ability to argue its way out of CIRP once default is proven, which means the real contest increasingly happens earlier — in pre-filing due diligence, in board-level contingency planning for a default trigger, and in structuring transactions to withstand the now-longer avoidance look-back window.
What we handle
Comprehensive representation across all related matters
From boardroom conflicts through insolvency proceedings, arbitration, and regulatory enforcement defence.
Shareholder & Board Disputes
Oppression and mismanagement petitions, NCLT proceedings, board resolution enforcement, and minority shareholder protection.
M&A & Transaction Disputes
Post-merger integration disputes, earnout disagreements, warranty claims, indemnification disputes, and acquisition price adjustments.
Contract Enforcement
Breach of contract proceedings, specific performance applications, injunctions, and damages recovery in commercial courts.
Corporate Fraud & Recovery
Director liability proceedings, fraudulent transfer reversal, asset tracing, and investigation-led recovery litigation.
Winding Up & Insolvency
IBC proceedings before the NCLT, corporate insolvency resolution process under the 2026 amendment framework, liquidation, and creditor-side representation.
Regulatory & Enforcement
SEBI enforcement defence, Competition Commission matters, and regulatory proceeding management.
IP Disputes in Corporate Context
Trade secret theft, post-acquisition IP disputes, and technology licensing disagreements.
Employment Litigation
Senior executive disputes, ESOP enforcement, non-compete litigation, and whistleblower claim defence.
Arbitration
Institutional and ad hoc arbitration, enforcement of awards, and international commercial arbitration.
Evidence, not guesswork
IBC 2016 baseline vs. the 2026 Amendment Act
What the biggest insolvency reform in a decade actually changed.
| Dimension | 2016 IBC baseline | Under the 2026 Amendment Act |
|---|---|---|
| NCLT admission | Tribunal discretion, per Vidarbha Industries, to weigh mitigating circumstances | Mandatory admission once debt and default proven — 14-day codified timeline |
| Group insolvency | No statutory framework — handled case-by-case, often inconsistently | Statutory group insolvency — NCLT can consolidate CIRPs of related debtors |
| Avoidance transaction look-back | Shorter statutory window under §43, 45, 66 | Extended to 2 years — wider clawback window for resolution professionals |
| Cross-border insolvency | No dedicated statutory mechanism | New recognition and coordination provisions introduced |
| Restructuring route | CIRP via NCLT only | New Creditor-Initiated Insolvency Resolution Process (CIIRP) as an out-of-court alternative |
Sources: Insolvency and Bankruptcy Code, 2016; Insolvency and Bankruptcy Code (Amendment) Act, 2026, Gazette of India, published 7 April 2026 as uploaded by IBBI. Several provisions require subordinate rule-making before taking full effect — confirm current commencement status with counsel before relying on any specific provision for an active matter.
What the numbers actually mean
Four figures that frame corporate litigation today
To trigger CIRP by a financial or operational creditor — unchanged by the 2026 amendment.
Once debt and default are established, the NCLT's timeline is now fixed, not discretionary.
For cases involving ongoing fraud, asset dissipation, or irreversible corporate action.
Statutory outer limit for completion, set by the 2019 amendment and unaffected by the 2026 changes.
How we work
From assessment to enforcement
Case Assessment & Strategy
We analyse the merits of your corporate dispute, identify leverage points, and design a litigation strategy aligned with your commercial objectives.
Pleading & Procedure
NCLT petitions, High Court writ petitions, commercial court plaints — drafted precisely, filed strategically, managed procedurally.
Evidence & Discovery
Digital evidence preservation, document disclosure, forensic accounting integration, and witness preparation.
Resolution & Enforcement
We pursue settlement where advantageous and judgment enforcement where necessary, including attachment and execution.
Case study · Shareholder oppression
Minority shareholder secures NCLT relief against majority board exclusion
A minority shareholder in a Hyderabad manufacturing company was systematically excluded from board decisions and denied access to financial records after raising concerns about related-party transactions. SIRI Law LLP filed an oppression and mismanagement petition under Sections 241 and 242 of the Companies Act, supported by forensic accounting evidence of undisclosed related-party dealings.
The NCLT granted interim relief restoring the shareholder's information rights within three weeks, and the matter concluded in a negotiated buyout at a valuation independently verified by SIRI's forensic team, avoiding a protracted multi-year NCLT proceeding.
Representative matters
Typical engagements
All matters described generically to protect client confidentiality.
Post-acquisition warranty claim resolved
Represented an acquirer in a post-merger earnout dispute involving disputed performance metrics, achieving a negotiated adjustment through structured expert determination rather than protracted litigation.
Asset tracing across multiple entities
Pursued director liability proceedings and asset tracing following discovery of fraudulent fund diversion through a web of related entities, securing an asset freezing order before dissipation could complete.
CIRP admission secured under new mandatory rules
Represented a financial creditor in securing NCLT admission of a CIRP application, benefiting from the 2026 amendment's mandatory admission standard after the debtor attempted to argue discretionary factors that no longer apply.
Adjudication proceeding narrowed to procedural finding
Defended a listed company director in SEBI adjudication proceedings, successfully narrowing the scope of alleged violations to a procedural finding rather than a substantive one.
Why choose SIRI Law LLP
Corporate litigation with commercial strategy built in
Litigation is not just legal — it is strategic. We align courtroom tactics with commercial objectives.
Court presence
Active practitioners before the High Court of Telangana, NCLT Hyderabad, and commercial courts.
Commercial strategy
Litigation is not just legal, it is strategic. We align courtroom tactics with commercial objectives.
Integrated digital evidence
Modern disputes involve digital evidence, email forensics, and cyber fraud. Our integrated team handles it all under privilege.
Current on reform, not just statute
We track amendments like the 2026 IBC overhaul as they're gazetted, so our strategy reflects what the tribunal will actually apply today, not the 2016 baseline.
The SIRI advantage
Law firm alone vs. security firm alone vs. SIRI Law LLP
| Capability | Law firm only | Security firm only | SIRI Law LLP |
|---|---|---|---|
| Digital evidence | Cannot collect court-admissible evidence | Findings not protected by privilege | Legal + forensics, privileged from day one |
| Regulatory response | Slow, no in-house technical capacity | Cannot file regulatory notifications or represent in court | Fully integrated — one call handles both |
| Technical staff | No engineers on staff | No litigation capability | Both under one roof |
Frequently asked
Corporate litigation, answered directly
Can minority shareholders challenge board decisions?
Yes. Under Sections 241 and 242 of the Companies Act 2013, minority shareholders can petition the NCLT to remedy oppression and mismanagement. SIRI Law LLP has experience on both petitioner and respondent sides of such proceedings.
Has the IBC process for corporate insolvency changed recently?
Yes, substantially. The Insolvency and Bankruptcy Code (Amendment) Act, 2026 received presidential assent on 4 April 2026 and was published in the Gazette on 7 April 2026, the most far-reaching overhaul of the IBC since its 2016 enactment. The single most significant change is that the NCLT must now mandatorily admit an insolvency application once debt and default are established, reversing the discretionary approach the Supreme Court had permitted under Vidarbha Industries — a case that had allowed the tribunal to weigh a debtor's overall financial health before admitting a petition. The amendment also introduces a statutory group insolvency framework, extends the look-back period for avoidance transactions to two years, adds cross-border insolvency provisions, and creates a new Creditor-Initiated Insolvency Resolution Process. Some provisions took effect immediately on Gazette publication; others, including the group insolvency mechanism, are being operationalised through subordinate IBBI rules and notifications, so current implementation status should be confirmed before relying on any specific provision.
How do you enforce an arbitration award in India?
Foreign arbitral awards are enforced under the New York or Geneva Convention as incorporated in Part II of the Arbitration and Conciliation Act 1996. Domestic awards are enforced as a decree under Part I. We handle the full enforcement process including Section 9 interim relief.
How quickly can an injunction be obtained?
Interim injunctions can be obtained within 24 to 72 hours in cases of urgency, including situations involving ongoing fraud, asset dissipation, or irreversible corporate action.
What is the minimum default amount to trigger IBC proceedings?
A financial or operational creditor may trigger CIRP upon a default of ₹1 crore or more — a threshold the 2026 amendment did not change. What has changed is that once that threshold and default are proven, NCLT admission is now mandatory rather than discretionary.
Consult a SIRI attorney today
Book a confidential case review. No obligation.
We assess your legal position and advise on strategy, including how the 2026 IBC reforms may affect your matter.
Related services
Other ways SIRI Law LLP supports your business
Visit or contact us
SIRI Law LLP — Hyderabad, India
| Registered office | HITEC City, Madhapur, Hyderabad, Telangana 500081, India |
| Telephone | +91 79819 12046 |
| info@sirilawllp.com | |
| Other offices | New Delhi, India · Austin, Texas, USA · Online worldwide |
| Hours | Mon–Sat, 9:30 AM – 7:00 PM IST · Emergency line 24/7 |