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Corporate Insolvency Services

The Insolvency and Bankruptcy Code, 2016 (IBC) came into force with effect from 28th May, 2016. With the emergence of Insolvency and Bankruptcy Code, 2016, there is a tremendous reform in the bankruptcy and insolvency process in India. The processes which took ages to conclude insolvency / bankruptcy, are now simplified and expedited, ensuring fair negotiations between Debtor and Creditor by removing the asymmetry of debt and default informationmation

Having perused the Code, S & S ASSOCIATES, Company Secretaries and Insolvency Professionals believe that the role of Professionals has expanded significantly under the regime of the Code. Our service offering under the regime includes but not limited to the following:

Advisory Services

  • Consultancy services on Insolvency & Bankruptcy to Debtors, Creditors and other concerned person(s).
  • Advisory services on Insolvency & Bankruptcy to Debtors, Creditors and other concerned person(s).
  • Monitoring services and guidance and support to its clients with the matters pertaining to Insolvency & Bankruptcy.
  • Other affiliated services.

Resolution Professional Services

  • Acting/ Appointment of the Interim Resolution Professional / Resolution Professional and performing all Duties of an Interim Resolution Professional/ Resolution Professional in the resolution process.
  • Analysis of the profession/ business of the Company and the various business verticals in which it operates.
  • Analysis and understanding the entire debt profile of the Company with specific focus on the debt owed to the financial creditor, operational creditor and other stake holders.
  • Analyzing the financial status of the Company.
  • Preparation and filing of the Corporate Insolvency Resolution Process Application with the Adjudicating Authority.
  • Management of the Corporate Affairs of the Corporate Debtor.
  • Preparation of Information Memorandum and Statement of Affairs in terms of the Code.
  • Assistance in dealing with financial creditors/ operational creditors/ Committee of Creditors and the Insolvency and Bankruptcy Board and other lenders.
  • Analysis and verification of the claims and evolving strategy from legal and financial aspects.
  • Representations and appearances before different competent authorities.
  • Review of minutes of meeting of Committee of Creditors and assistance in exploring various restructuring options.
  • Formulation of the financially viable resolution plans under the regime.
  • Other allied services.
 
     
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