Insolvency is the state of being unable to pay the money owed, by a person or company, on time. In India, Corporate Insolvency is governed and regulated under the Insolvency and Bankruptcy Code, 2016 (IBC) and Regulations made thereunder (as amended). Insolvency and Bankruptcy Board of India (IBBI) is the regulatory authority to regulate and manage the statues from time to time.

Corporate Insolvency Resolution Process (CIRP) and Liquidation Process under IBC is a time bound with strict regulatory compliances process for Insolvency Resolution Professional (IRP). In order to manage the process efficiently and timely, we provide support services which inter-alia includes-

• To assist in holding meeting of Committee of Creditors.
• To assist in maintaining the records including minutes of the meetings.
• To assist in evaluation of related party transactions / status under section 29A.
• To assist in creditor’s claims verification and finalization.
• To do drafting of resolution plan as per the latest legal, technical and practical aspects of IBC.
• To provide support in managing the secretarial functions of the corporate with due compliances from time to time.
• To provide support in managing the IBC compliances including drafting, filing and reporting to the regulatory authorities from time to time.
• To provide support in managing the operations and affairs of the corporate as a going concern during the CIRP.
• To provide support in implementation of approved resolution plan by Hon’ble NCLT.
• To assist liquidator in managing the liquidation process including claim verification, liquidation.
• To facilitate the liquidator in managing the liquidation / sale of assets in liquidation process.
• To provide all professional services as may be required by IRP / Liquidator during the process of CIRP or Liquidation under the legal framework of IBC.