
Corporate and Company Law Matters
Corporate and company law governs the rights, obligations, and responsibilities of companies, shareholders, and directors under statutes such as the Companies Act, 2013, the Limited Liability Partnership Act, 2008, and allied commercial regulations. With Chandigarh being a hub for business and industry in the region, disputes relating to corporate governance, shareholder rights, and regulatory compliance often arise before the National Company Law Tribunal (NCLT), Chandigarh Bench, and in appeal before the National Company Law Appellate Tribunal (NCLAT) or High Courts.
Matters include petitions for oppression and mismanagement, winding up, insolvency proceedings, restructuring of companies, and disputes concerning appointment or removal of directors. The Insolvency and Bankruptcy Code (IBC), 2016 has also expanded the jurisdiction of NCLT to include corporate insolvency resolution and liquidation proceedings, making it a crucial forum for financial disputes involving companies.
Practice in this area requires drafting petitions, responses, and submissions before NCLT and appellate bodies, along with advisory work in compliance and corporate restructuring. Overlap with areas such as banking, securities law, and contractual disputes is frequent, demanding a multidisciplinary approach.
Corporate and company law matters ensure accountability of business entities while safeguarding the interests of shareholders, creditors, and other stakeholders. The role of practitioners in this domain is to assist in the resolution of disputes through statutory processes, maintaining transparency and compliance within corporate structures.