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