
What's New Login We feel happy to talk +91 80 23390132


	Home About About Us Our Team Services Incorporation Service Secretarial Compliances Representation Services Listing Compliances Fema Compliances Corporate Governance Service Insolvency Professional Services Valuation Services - RV-SFA Other Corporate Services Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Instalment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 Company Secretaries Act, 1980 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply News Query Careers Admin Login Time Sheet Contact Us

Insolvency Professional Services

Background of Insolvency and Bankruptcy Code, 2016

IBC to consolidate & amend the laws relating to re-organisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues. The intention of the code is to revive a company though a resolution process and if not succeeded then liquidation process. As a IP, we offer below mentioned services:

A. INTERIM RESOLUTION PROFESSIONAL

On appointment of IRP, our role includes:

Making Public Announcement of Corporate Insolvency Resolution Process
Collect and collate the claims from the creditors viz. financial, operational, workmen and employees and others
Formation of Committee of Creditors (CoC)
Issue of notice and conducting First meeting of CoC
Any other act as required as per the provisions of IBC, 2016

B .RESOLUTION PROFESSIONAL

On appointment of RP, our role includes:

Appointment of Valuer for determination of fair value and liquidation value of the corporate debtor
Preparation of Information memorandum
Inviting resolution applicants for putting forward resolution plan along with the evaluation matrix
Conducting meetings of CoC as and when required for various approval as per provisions of the code
To examine each resolution plan submitted by Applicant, with regard to all aspects, as laid down in IBC, 2016 including its implementation and supervision
Filing and defending of any Applications which may be filed by the company or against the company with NCLT/ NCLAT
To present the resolution plan to CoC for their approval, submit the resolution plan to Adjudicating Authority
Any other act as required as per the provisions of IBC, 2016 to implement the resolution plan as approved by the Adjudicating Authority.

C. LIQUIDATOR

On appointment of Liquidator, our role includes:

Making Public Announcement of liquidation of corporate debtor
Collect and collate the claims from the creditors
To take custody and control of all the assets of the corporate debtor and creation of liquidation estate
To sell the immovable and movable property and actionable claims of the corporate debtor by public auction or private contract and prepare an asset sale report with progress report
To obtain any professional assistance from any person or appoint any professional, in discharge of his duties, obligations and responsibilities
To distribute proceeds in accordance with the provisions of this Insolvency and Bankruptcy Code 2016
To institute or defend any suit, prosecution or other legal proceedings, in the name of or on behalf of the corporate debtor
To apply to the AA for such orders or directions as may be necessary for the liquidation of the corporate debtor.
To perform such other functions as may be specified by the Insolvency and Bankruptcy Board of India.

D. VOLUNTARY LIQUIDATION

Assistance in necessary compliance under IBC, 2016 for initiating Voluntary Liquidation
Making Public Announcement of voluntary liquidation
Collect and collate the claims from the creditors viz. financial, operational, workmen and employees or any others.
Preparation of list of stakeholders
Distribution of Assets to various stakeholders as per the provisions of IBC, 2016
Preparation of Distribution list based on the asset distributed
Issue of various reports under the IBC, 2016 such as Preliminary report, Status report and Final report.
Making an application to NCLT for dissolution.
Filing of dissolution order with ROC
Any other act as required as per the provisions of IBC, 2016

E Other Services:

Filing of application under IBC by

Financial Creditors
Operational Creditors
Corporate Applicant

Assistance in Issue of Demand notice (in case of Operational Creditor)
Services to Resolution Applicant

Submission of expression of interest to concerned Resolution Professional.
Preparation of Resolution Plan in accordance with IBC,2016
Presentation of the Resolution plan to Resolution Professional and COC and negotiations with them
Arrangement of funds for the Resolution Applicant for financing the Resolution Plan

Representing Financial creditor in meeting of COC
Authorised Representative for Class of Creditor