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Commercial & Corporate Law
Commercial success requires sound corporate governance, resilient contractual frameworks, and decisive dispute management. VNS Legal Partners advises corporations, directors, investors, and creditors on corporate restructuring, contract negotiation, and company litigation before the NCLT, NCLAT, and commercial courts.
What We Do
Commercial success requires sound corporate governance, resilient contractual frameworks, and decisive dispute management. VNS Legal Partners advises corporations, directors, investors, and creditors on corporate restructuring, contract negotiation, and company litigation before the NCLT, NCLAT, and commercial courts.
The Indian corporate landscape is governed by a comprehensive regulatory framework centered on the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 (IBC). As businesses expand, commercial relationships inevitably experience friction—whether through shareholder deadlocks, vendor breaches, debt repayment defaults, or regulatory compliance scrutiny. Our practice bridges corporate advisory and contentious company litigation, offering strategic solutions that protect commercial value and executive liability.
We represent clients in contentious corporate insolvency proceedings before the National Company Law Tribunal (NCLT) and appellate benches, handling oppression and mismanagement petitions, contractual claims in commercial courts, and corporate governance compliance before the Registrar of Companies (ROC).
Key Legal Issues Faced by Clients
Our corporate clients regularly navigate complex statutory and commercial challenges:
- Insolvency & Debt Recovery: Filing or defending Section 7, 9, or 10 petitions under the IBC, handling Committee of Creditors (CoC) negotiations, and challenging resolution plans.
- Shareholder & Boardroom Disputes: Petitions under Section 241 and 242 of the Companies Act, 2013 alleging oppression of minority shareholders, financial mismanagement, or unauthorized share dilutions.
- Contractual Breaches: Multi-crore commercial claims for specific performance, damages, wrongful termination of distributorships, and breach of warranties.
- Director Fiduciary Liability: Allegations of breach of duty under Section 166 of the Companies Act, 2013 or proceedings under Section 138 of the Negotiable Instruments Act.
Scope of Legal Services
Our corporate and commercial services include:
- Corporate insolvency resolution proceedings (CIRP) representation for financial and operational creditors before the NCLT and NCLAT.
- Drafting and negotiating complex commercial contracts: Shareholders’ Agreements (SHA), Share Purchase Agreements (SPA), Joint Venture Agreements (JVA), and master supply contracts.
- Representation in commercial suits before designated Commercial Courts under the Commercial Courts Act, 2015.
- Corporate compliance audits, advisory on Ministry of Corporate Affairs (MCA) circulars, and compoundable offense compounding petitions.
Who We Assist
Mid-market businesses, large enterprises, startup founders, boards of directors, financial creditors, and operational creditors.
Relevant Forums & Tribunals
National Company Law Tribunal (NCLT Principal Bench / New Delhi), National Company Law Appellate Tribunal (NCLAT), High Court of Delhi, and Commercial Courts.
Our Methodical Approach
We assess commercial controversies through a pragmatic lens. Rather than allowing corporate disputes to paralyze company operations, we evaluate whether strategic settlement, mediation, or decisive statutory petitions under the Companies Act or IBC offer the quickest path to protecting enterprise value and resolving governance impasses.
Frequently Asked Questions
Q: What is the threshold for an operational creditor to initiate insolvency under IBC?
Under Section 4 of the Insolvency and Bankruptcy Code, 2016, the minimum threshold of default for initiating corporate insolvency resolution process is currently INR 1 Crore. The operational debt must be undisputed; any pre-existing dispute raised before the issuance of the Section 8 demand notice bars insolvency admission.
Related Practice Areas & Knowledge
Related Practice Areas: Arbitration & ADR | Employment & Service Law
Lead Counsel: Mr. V. N. Subramaniam, Founder & Senior Advocate
Related Insight: Directors’ Fiduciary Duties under Companies Act, 2013
Consult on Commercial & Corporate Law
Speak directly with our senior advocates to evaluate your legal options.