Corporate Insolvency Resolution Process

The Insolvency and Bankruptcy Code, 2016 (IBC) is India’s comprehensive legislation for resolving companies under financial distress, provides a single, robust, and time-bound framework for the resolution of stressed assets, ensuring transparency, efficiency, and protection of creditor interests through a structured and economically viable process. The insolvency resolution process is overseen by licensed Insolvency Professionals, who take charge of the debtor’s assets and manage the proceedings with multidisciplinary expertise drawn from Company Secretaries, Chartered Accountants, Cost Accountants, Advocates, and other professionals.

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OUR COMPREHENSIVE IBC SERVICE

We offer specialized advisory and customized services aimed at safeguarding the interests of creditors and stakeholders throughout the CIRP. Our services include drafting and preparing resolution plans, appointing registered valuers and forensic auditors, providing valuation and due-diligence support, drafting and filing applications before the NCLT, and representing matters before the Tribunal. We also facilitate interim finance, assist in the sale of distressed assets, prepare the Information Memorandum and Statement of Affairs, draft CoC meeting minutes, represent creditors during CoC proceedings, identify strategic investors, and ensure a seamless, transparent, and effective insolvency resolution process under the IBC.

Implementation of Resolution plan

Among the various Corporate resolution assignments, the corporate Insolvency resolution process of "M/s Action Ispat and Power Pvt Ltd and M/s Kriarj Entertainment Pvt Ltd" have been successfully implemented. The success story of the resolution process of M/s Action Ispat and Power Pvt Ltd has also been published by the ICSI IPA and the same is featured at Serial No. 10 in this esteemed publication. This book was officially unveiled during the 2nd National Convention of Insolvency Professionals held in New Delhi on January 11, 2025. The e-book is now accessible on the ICSI IIP website, offering an invaluable resource filled with insights and professional excellence for both the professional community and beyond. Further, the resolution plan of M/s Kriarj Entertainment Pvt Ltd, a well-known film production banner called KriArj Entertainment (founded by Prernaa Arora) that produced films like Rustom, Toilet: Ek Prem Katha, Pad Man, Pari, was approved and implemented successfully. We are also providing support services to other Insolvency Professionals in running the CIRP Process of companies in field of real estate and other sectors.

Link to the E-book:

Why Expert IBC Advisory Matters

Expert advisory ensures smooth, compliant, and transparent insolvency processes while protecting stakeholders, managing creditors, and maximizing value.

Mitigate Legal Risk

Identify and address potential legal issues before they become costly problems

Ensure Full Compliance

Stay ahead of evolving regulations under the Companies Act, 2013, FEMA, SEBI, and other statutory bodies.

Protect Intellectual Property

Protect and safeguard your company’s most valuable business assets effectively.

Facilitate Strategic Decisions

Ensure all growth initiatives, including mergers and fundraising, remain legally compliant.

FAQ’s Demystified

FAQs: All You Need to Know

Uncover the secrets of corporate and legal excellence with our FAQ section, where we clarify common queries about corporate law, insolvency, bankruptcy, and professional advisory services. Have any other questions?

A law designed to resolve insolvency and bankruptcy in a time-bound and efficient manner.

Creditors, debtors, or companies facing financial distress can file under the IBC.

It ensures transparency, protects creditors’ rights, and helps maximize value during resolution.