Having perused the Code, S. & S. ASSOCIATES believe that the role of Professionals has expanded significantly under the regime of the Insolvency and Bankruptcy Code, 2016.
Our service offering under the regime includes but not limited to Liquidator" under the regime code means an insolvency professional appointed as a liquidator in accordance with the provisions of the Act.
We assist our clients to wind up a company through a voluntary process and providing below allied services:
- Acting as Liquidator for the liquidation process.
- Verification of claims, Have custody of all the assets, Evaluation of the assets and property
- To carry on the business of the Corporate Debtor for its beneficial liquidation.
- Distribution of assets in the manner as laid down under the Code.
- Application to the competent authorities for dissolution of the corporate debtor.
- Preparing and submission of the various reports as per regulation (1) of regulation 8 of Insolvency and Bankruptcy Code, 2016
- Other assignments under Insolvency and Bankruptcy Code 2016.
We at S & S ASSOCIATES, Company Secretaries and Insolvency Professionals provide market-leading advisory and consulting services with a focus on strengthening recoveries, enhancing financial performance, and undertaking the essential structural and financing issues of an entity. Below are the glimpses of the advisory and consulting services extended to various clients pertaining to the Liquidation:
- Guidance and assistance in formulating and executing restructuring strategies through a tribunal process or the proper court.
- Guidance on the Insolvency & Bankruptcy Code, 2016 involving restructuring and insolvency procedures as mentioned and planned therein.
- Guidance in structuring legal and regulatory decisions, including probable advantages of restructuring.
- Assistance with drafting, negotiating and confirming applicable transaction documents, including solicitations, appeals, and declarations.
- Guidance and support for structuring and implementing a withdrawal strategy for shareholders and investors from stressed-out assets that include strategic sales, demergers, dissolutions, recession sale and auctions.
- Facilitate structuring and implementing an exit and divestment strategy.
- Support directors and key managerial personnel with their liabilities and obligations related to restructuring, formal and informal insolvency procedures.
- Undertake the liquidation process available to different debtors under the legal, regulatory and policy framework which includes the Companies Act of 2013 and the Insolvency and Bankruptcy Code of 2016.
- Develop turnaround plans or resolution plans.