Law Firm India

Insolvency and Bankruptcy Services

Pre Insolvency & Bankruptcy

  • Assessment of signs & events of possible Defaults/NPA/Cash Flow Mismatch
  • Advisory for earlier Risk mitigation
  • Advisory for establishing indispensable checks into the financial system to identify and remove the risk at the initial stage.
  • To act as Interim Resolution Professional to commence Corporate Insolvency Resolution Process.
  • Filing application/petition with the NCLT on behalf of Corporate Debtors, Creditors & Other Stakeholders.

During Insolvency & Bankruptcy

  • To act as Resolution Professional to carry on and conduct the Corporate Insolvency Resolution Process.
  • To act as Resolution Professional to conduct Fast Track Corporate Insolvency Resolution Process.
  • Drafting and finalization of Information Memorandum
  • Verification of Claims
  • Convening meeting of committee of creditors
  • Verification of Resolution Plans

During Liquidation Process

  • To act as Liquidator and conduct liquidation proceedings under the Code.
  • To act as Liquidator and conduct Voluntary liquidation proceedings.
  • Development & submission of Liquidation Plan
  • Liquidation of Business Assets
  • Distribution of Funds to settle debts and close claims
  • Submission of final report and Dissolution of Entity

Other Process

  • To act as Resolution Professional to conduct on Fresh Start Process for Individuals.
  • To act as Resolution Expert as the Professional Insolvency Registrar in India will conduct Insolvency Resolution Process for Individuals and Partnership firms.
  • To act as Bankruptcy Trustee and conduct Bankruptcy Proceedings in respect of Individuals and Partnership firms.
  • To assist Lenders /Borrowers / other creditors in submitting information with Information Utility and /or retrieving information from Information Utility

Note: – It is noteworthy that we are familiar with the both aspects of Insolvency and Bankruptcy Services. On the one side, we assist corporate debtors to identify & cope up with its feeble areas and thereby manage their pain & stress and on the other side we assist lenders in realizing its claim out of unfeasible repayment conditions by utilizing various tactics.