Stressed Assets Revival & Debt Restructuring Services

Insolvency & Bankruptcy Code

The Insolvency and Bankruptcy Code, 2016 has come into force on 1st December, 2016 and is a path breaking legislation with powers entrusted with the NCLT for time bound resolution of defaults by Corporate Entities through the Corporate Insolvency Resolution Process (CIRP). The entire resolution process is regulated under the Code through Insolvency Professionals. The Code mandates an Insolvency Professional to act as Liquidator in case of winding up of the company.

The firm specialises in the following:-

  • Corporate Insolvency Resolution Process
  • Insolvency Resolution Process for Individuals and Partnership Firms
  • Voluntary / Compulsory Liquidation of Corporates

As the Resolution Professionals for companies on the verge of bankruptcy under the IBC 2016, we offer dedicated service to identify, manage and overcome the financial crisis in the following ways:

  • Work with the management to run the operations of the business enterprise as a going concern
  • Preserve the value of the business enterprise during CIRP to maximize the value for Financial Creditors vis-a-vis protecting the interest of Operational Creditors
  • Making and implementing clear strategies for the pre-IBC period, day 0 and CIRP period. These include drafting clear communication strategies for stakeholders, identifying external experts whenever needed
  • Planning financial recovery by taking control over the assets, restarting possible operations and identification of non-core assets, developing a short-term cash flow forecast
  • Appoint valuer's to compute the Liquidation value of the enterprise, Call for Creditor claims, identifying creditors and forming a Committee of Creditors
  • Engaging with investors and expedite the formulation of effective resolution plans
  • Engaging with stakeholders in a productive manner and work towards a quick turnaround
  • Providing representation during the whole process
  • Undertaking and managing Compulsory / Voluntary liquidation process for Corporates

Debt Restructuring Advisory Services

In spite of its best efforts and intentions sometimes a corporate finds itself in financial difficulty because of factors beyond its control and also due to certain internal reasons.
To overcome such situations, an institutional mechanism for restructuring of corporate debt was evolved, commonly known as Corporate Debt Restructuring (CDR) mechanism to reorganize company's outstanding obligations, often achieved by reducing the burden of the debts on the company by decreasing the rates paid and increasing the time the company has to pay the obligation back. This allows a company to increase its ability to meet the obligations.

The firm has expertise in Debt Restructuring under various RBI schemes such as:-

  • Corrective Action Plan
  • CDR / SDR Mechanism
  • Change in Management outside SDR
  • Scheme for Sustainable Structuring of Stressed Assets
 
     
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