Services
What we do
FOR BUSINESS OWNERS & DIRECTORS
Debt Management & Recovery
- Coverage: Entire book-debts or a specific debt category or a particular account
- Debtor’s Background Verification & Credit-worthiness Appraisal
- Legal & Commercial Vetting of Debtor’s Purchase Order/ Sale Agreement
- Undertaking Formal Recovery Correspondences
- Reconciliation of Accounts and Ledgers
- Filing records with Information Utilities
- Sending demand notice(s), legal notice(s)
- Comprehending and appropriately addressing dispute(s), if any, raised by debtor
- Recommending and Initiating appropriate legal action2
- Reporting on Status and related accounting assistance
- Providing necessary related expert-certifications
- Specific Debt Category : aged debts, bad debts, disputed outstanding
- Legal Action : conciliation, arbitration, civil litigation, insolvency resolution process
Business Rescue & Turnaround
- Distress Diagnosis
- Capital restructuring, if required
- Suggesting measures for improving liquidity
- Suggesting measure for improving margins
- CDR, SDR, S4A
- Administrative handling of vendors & suppliers –
- accounts reconciliation,
- correspondence,
- call handling
- responding to notices, letters
- Loan syndication
- Representations to, negotiation and settlement with creditors, lenders and banks
- Adding, increasing moratoriums
- lowering cost of borrowing
- balance transfers
- increasing maturity tenures
- write offs, conversions
Equity arrangement through investment bankers, etc..
Case Appraisal, Guidance & Filings
- Evaluate if the case is fit for application to NCLT/ DRT, to self-initiate any IBC Process1
- Provide guidance when –
- Demand notice under section 8 is received by the CD2
- Application under section 7 or section 9 for initiating resolution process gets filed against the CD
- Application for avoidance of undervalued transaction or preferential transaction or extortionate credit transaction is made by the RP3/ Liquidator to the AA4
- RP claims or applies to AA that fraudulent or wrongful trading was carried on
- Appeal is to be preferred against an order approving a resolution plan or against a liquidation order
- Prepare response to Notice received under Section 8
- Prepare and file application under Section 10 or Section 94 with NCLT/ DRT
Note:
1. IBC Process –
- Corporate insolvency resolution
- Individual/ firm insolvency resolution
- Fast track resolution
- Corporate liquidation;
2. CD ~ Corporate Debtor;
3. RP ~ Resolution Professional;
4. AA ~ Adjudicating Authority (NCLT);
Corporate Insolvency Resolution
- Undertake preliminary understanding of the defaulting corporate debtor (CD) and the specific default from the applicant, CD, CD’s website, public filings with regulatory authorities, etc.
- Provide consent to act as the Interim Resolution Professional (Form 2)
- Provide the optional certification, if required by the applicant (Second part of Form 2)
- Act, when appointed by the adjudicating authority, as an Interim resolution professional, in terms of the requirements of the IBC and rules and regulations made thereunder
- Issue public notice
- Collate and verify claims
- Constitute the Committee of Creditors and hold its 1st meeting
- Prepare and submit the Information Memorandum
Corporate Voluntary Liquidation
- Undertake preliminary understanding of the corporate person and the specific default from the applicant, debtor’s website, public filings with regulatory authorities, etc.
- Provide consent to act as the Interim Resolution Professional (Form 2)
- Provide the optional certification, if required by the applicant
- Act, when appointed by the adjudicating authority, as an Interim resolution professional, in terms of the requirements of the IBC and rules and regulations made thereunder.
Individual/ Firm Insolvency Resolution
Provisions relating to Individual/ Firm Resolution under the IBC, 2016 are yet to be notified by the Government.
FOR LENDERS & CREDITORS
Case Appraisal, Guidance & Filings
Evaluate if the case is fit for application to NCLT/ DRT, to initiate any IBC Process1
Provide guidance when –
Note:
1. IBC Process –
- Response to Demand Notice sent to CD under section 8 is received by the Applicant (i.e. the operational creditor)
- Appeal is to be preferred against an order approving a resolution plan or against a liquidation order
Note:
1. IBC Process –
- Corporate insolvency resolution
- Individual/ firm insolvency resolution
- Fast track resolution
- Corporate liquidation;
Corporate Insolvency Resolution
- Undertake preliminary understanding of the defaulting corporate debtor and the specific default from the applicant, debtor’s website, public filings with regulatory authorities, etc.
- Provide consent to act as the Interim Resolution Professional (Form 2)
- Provide the optional certification, if required by the applicant
- Act, when appointed by the Adjudicating Authority, as an Interim Resolution Professional (IRP), in terms of the requirements of the Insolvency laws
- Act, when appointed by the Committee of Creditors (CoC), as a Resolution Professional (RP), in terms of the requirements of the Insolvency laws
- Act, as a representative of a Financial Creditor (FC), when appointed by the FC, as a member of the Committee of Creditors (CoC)
- Actively participate in all meetings of the CoC
- Fairly and squarely evaluate the functioning of the IRP/ RP appointed in the CD
- Demand information to get proper understanding of issues affecting the CD
- Assist in framing the evaluation matrix for assessing resolution plans
- Evaluate every resolution plan put before the CoC
- Provide complete and candid views and suggestions to the FC
- On behalf of the FC, and subject to the terms of engagement, take reasoned decisions as member of the CoC, in the best interest of all stakeholders, including the FC
Corporate Liquidation
Individual/ Firm Insolvency Resolution
Provisions relating to Individual/ Firm Resolution under the IBC, 2016 are yet to be notified by the Government.
Individual/ Firm Bankruptcy
Provisions relating to Individual/ Firm Resolution under the IBC, 2016 are yet to be notified by the Government.
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