Insolvency and Bankruptcy Advisory Services
Insolvency & Bankruptcy Advisory Services: Prior to the enactment of the Insolvency and Bankruptcy Code, 2016 the state of the bankruptcy process was highly fragmented as the powers of the creditors and debtors under insolvency were provided in separate legislations. This inevitably lead to low chances of consistency and efficiency in the resolution process. Thus, the emergence of Insolvency & Bankruptcy Code, 2016 is a tremendous reform which has simplified and expedited the resolution process which once took ages to conclude. In our gamut of services, Insolvency & Bankruptcy is a key part. Our team would play a vital role in providing appropriate support for Corporate as well as Individual insolvency and bankruptcy procedures and provide sustenance for creditors / debtors during troubled debt recovery in various areas of business. Our key principle is to ensure win - win financial solutions for our client's business objectives vis-à-vis the market situation.
Scope of our Services under IBC:
SERVICES TO IRP UNDER CORPORATE INSOLVENCY RESOLUTION PROCESS
CONDUCTING AUDIT FOR PAST 2 YEARS FOR ASCERTAINING UNDERVALUED/ PREFERENTIAL/>
EXTORTIONATE TRANSACTIONS>
VERIFICATION OF CREDITORS’ CLAIMS>
VERIFICATION/ COMPLETION OF SECRETARIAL RECORDS>
ASSISTANCE IN PREPARATION AND SUBMISSION OF REQUIRED DOCUMENTS WITH NCLT>
VERIFICATION OF RELATED PARTY TRANSACTIONS >
SERVICES TO FINANCIAL AND OPERATIONAL CREDITORS
CONDUCTING AUDIT FOR PAST 2 YEARS FOR ASCERTAINING UNDERVALUED/ PREFERENTIAL/
EXTORTIONATE TRANSACTIONS
INCIDENTAL ACTIVITIES FOR SUCCESSFUL COMPLETION OF RESOLUTION PROCESS
CONSOLIDATION, VERIFICATION AND DETERMINATION OF CLAIMS
ADVISING AND ASSISTING IN INITIATION OF CORPORATE INSOLVENCY PROCESS AGAINST CORPORATE DEBTORS
REPRESENTATION BEFORE NCLT/NCLAT
RESTRUCTURING AND TURN AROUND SERVICES
CASH FLOW FORECASTING & MONITORING
LIQUIDATION COSTS
MANAGE STAKEHOLDERS
RAPID DIAGNOSTIC FOR RED FLAGS
SELL NON-CORE ASSETS/ PART OF OPERATIONS
EXECUTE THE TURNAROUND PLAN
AS LIQUIDATOR AND VOLUNTARY LIQUIDATOR IN LIQUIDATION PROCEEDINGS SERVICES TO LIQUIDATORS
ASSISTANCE IN RECORD MAINTENANCE
ASSISTANCE IN FORMATION OF LIQUIDATION ESTATE
ASSISTANCE IN CONSOLIDATION AND VERIFICATION OF CLAIMS
ASSISTANCE IN DISTRIBUTION OF ASSETS
ASSISTANCE IN CONDUCTING AUDIT
AS INTERIM / RESOLUTION PROFESSIONAL IN CORPORATE INSOLVENCY RESOLUTION PROCESS SERVICES TO CORPORATE DEBTORS
ADVISING AND ASSISTING IN INITIATION OF CORPORATE INSOLVENCY PROCESS ON BEHALF OF CORPORATE DEBTORS
ADVISING & REPRESENTING AGAINST THE NOTICES RECEIVED FROM CREDITORS BEFORE NCLT/ NCLAT
REPRESENTING BEFORE & COORDINATING WITH IRP
ADVISING & ASSISTING FOR SEEKING REMEDY AGAINST THE DECISIONS OF NCLT/ IRP
ASSISTANCE IN PREPARATION/ SUBMISSION INFORMATION TO IRP
ASSISTANCE IN PREPARATION OF SECRETARIAL & ACCOUNTING RECORDS