CORPORATE LITIGATION

Corporate litigation goes far beyond the simple concept of one business entity suing another. It encompasses a wide range of legal proceedings related to the functioning of a business or corporation, including measures to avoid litigation, managing disputes, and navigating various legal challenges that arise within the corporate landscape. From regulatory compliance issues to complex shareholder disputes, corporate litigation plays a crucial role in maintaining the integrity and operations of a company.

Our firm provides expert legal services in various facets of corporate litigation, covering a wide range of issues that businesses may encounter:

1. Schemes of Arrangement & Compromise – Our team handles the scheme of arrangement or compromise proceedings, including mergers, demergers, reverse mergers, and modifications or supervision of such schemes, ensuring compliance with relevant legal provisions and protecting shareholder interests.
2. Class Action Suits under Section 245 of the Companies Act, 2013- We advise and represent clients in class action suits brought under Section 245 of the Companies Act, 2013, which allows shareholders or depositors to seek redress for corporate actions that may adversely affect their interests.
3. Winding Up of a Company (Section 242) – We provide legal guidance on winding-up proceedings under Section 242 of the Companies Act, assisting clients in matters related to the dissolution of a company, the settlement of its debts, and the distribution of assets.
4. Oppression and Mismanagement – We represent clients in matters involving oppression and mismanagement, particularly in shareholder disputes or when actions of the company’s management harm the interests of minority shareholders.
5. Capital Reduction – We assist clients in capital reduction processes, ensuring compliance with the legal framework and protecting shareholder rights during the restructuring of a company’s capital.
6. Reopening of Accounts & Restatement of Financial Statements –Our firm advises clients on matters related to the reopening of accounts and the restatement of financial statements, particularly when discrepancies or fraudulent activities are suspected.
7. Insolvency & Resolution of Companies –We represent clients in insolvency and restructuring proceedings, including filing for corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016 (IBC), and managing related disputes.
8. Voluntary Liquidation – For companies wishing to wind up operations voluntarily, we provide legal guidance on the process of voluntary liquidation, ensuring compliance with the regulatory requirements.
9. Competition Law: Advising on and representing clients in matters related to antitrust law, unfair competition, and other regulatory practices under the Competition Act, 2002.
10. Regulatory Disputes: Representing clients in investigations and inquiries by regulatory authorities, including the Registrar of Companies (RoC) and agencies involved in serious fraud investigations.

At Praxis Co., we are committed to providing exceptional legal support and guidance to our clients across various facets of corporate law. Our experienced team of lawyers works closely with clients to navigate the complex legal and regulatory framework that impacts their day-to-day business operations.