DID YOU KNOWInsolvency & BankruptcyWhether the amount paid as Earnest Money Deposit for securing tender of Consultancy Services can be considered as “Operational Debt” under Section 5(21) of the Insolvency and Bankruptcy Code, 2016 (“I&B Code, 2016”)?

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AMLEGALS is a Multi-disciplinary & Specialised Corporate Law Firm in India. We have a strong presence in Ahmedabad,Bengaluru, Chennai, Delhi, Kolkata, Mumbai, Prayagraj, Pune and Surat.Our core areas of expertise include International and Domestic Arbitration, Goods & Services Tax (GST), Customs, FEMA, Insolvency and Labour and Employment Laws, Bankruptcy Code (IBC), Data Protection & Privacy, Contracts and Agreements, Foreign Direct Investment (FDI), Joint Ventures and Mergers & Acquisitions (M&A), Cross-Border Transactions, Intellectual Property Rights (IPR), FinTech, and Corporate Laws.We also maintain an international practice in France, Mauritius, the Netherlands, Oman, Singapore, South Korea, Thailand, UAE, the UK, and the USA, enabling us to cater to global legal needs effectively.

Our team handles matters across various judicial and quasi-judicial forums, including the Supreme Court, Jurisidctional High Courts, NCLT, NCLAT, CESTAT, GSTAT, VAT Tribunals, Income Tax Tribunals, AAR, DRT, and Arbitral Tribunals of India.