Kanika's practice covers general commercial litigation matters with a focus on contentious insolvency, fraud and asset recovery, often within an international and cross-border context. Kanika deals with both corporate and personal insolvencies and her breadth of knowledge and experience of recovery options, with particular reference to insolvency, ensures that she is able to apply pressure, as and when necessary, to obtain the right results.
Kanika's main client base is insolvency practitioners but she also acts for directors of companies, advising them in relation to their duties as regards the company's creditors and shareholders. Kanika also acts more broadly in relation to such matters as shareholder disputes.
More recently, Kanika has been turning her attention to the Indian Insolvency and Bankruptcy Code 2016 gaining an in-depth understanding of the legislation, its mechanics and challenges and has delivered a session to the Insolvency and Bankruptcy Board of India (IBBI) on the topic of personal insolvency.
Kanika has recently been recognised as a "recommended" lawyer in the Corporate Restructuring and Insolvency space in the Legal 500 directories.
Kanika's main client base is insolvency practitioners who take appointments as officeholders over insolvent companies and as trustees in bankruptcy. Kanika also acts for directors of companies, advising them in relation to their duties as regards the company's creditors and shareholders. Finally, Kanika also acts for general commercial claimants in relation to general commercial litigation matters.
- Successfully defending two directors against a wrongful trading action brought against them by liquidators of their company and ensuring that the directors fully understood the litigation process as well as the detail required from them in order to defend the case.
- Successfully defended an insolvency practitioner against whom a claim for professional negligence had been brought regarding his time as liquidator of a company. It was alleged that the liquidator had failed to carry out his duties appropriately and that he had charged significant fees for the work carried out. The claim was for more than six figures but settled for under six figures.
- Working on several cases involving MTIC fraud, advising the officeholders in relation to their investigations into the affairs of the respective companies and on seeking to gain recognition overseas in order to be able to exercise powers in various foreign jurisdictions.
- Advising the liquidators of 14 connected companies in relation to their claims into various properties given a large scale fraud carried out by the director of those companies.
- Acting for a very significant creditor in relation to an administration which required the debt to be fully detailed and explained in circumstances where another creditor was disputing the validity of the debt.
- Advising liquidators of a company in relation to an interest rate hedging product including in relation to a possible claim against a high street bank in relation to it.
- Acting for a foreign national bankrupt in relation to his sizeable pension policy and dealing with his trustee in bankruptcy with regards to the pension and its status within the bankruptcy estate.
- Advising trustees in bankruptcy in relation to a bankrupt whose affairs are extremely complex and require in-depth analysis and investigation.
- Advising a provisional liquidator in relation to his appointment and then post appointment with regards to all matters relating to the company and its affairs. Also advising and acting in relation to obtaining a freezing injunction and dealing with the tax authorities in relation to various tax assessments and appeals.