Corporate Insolvency Services
The Insolvency and Bankruptcy Code, 2016 brought a tremendous reform to India's insolvency process - simplifying and expediting what once took ages, and ensuring fair negotiation between debtor and creditor by removing the asymmetry of debt and default information.
An expanded role for professionals under the Code
Having perused the Code, S & S Associates, Company Secretaries and Insolvency Professionals, believe that the role of professionals has expanded significantly under the regime. Our service offering under the Code includes, but is not limited to, the following.
Simplified & expedited
Processes that once took ages are now faster and more efficient.
Fair negotiation
A balanced process between debtor and creditor.
No information asymmetry
Removing the imbalance of debt and default information.
Our services under the Code
Two tracks of support - strategic advisory, and full resolution professional engagement.
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, guidance and support to clients on matters pertaining to Insolvency & Bankruptcy.
Other affiliated services.
Acting as / appointment of the Interim Resolution Professional or Resolution Professional and performing all their duties in the resolution process.
Analysis of the profession / business of the company and the various business verticals in which it operates.
Analysis of the entire debt profile of the company, with specific focus on debt owed to financial creditors, operational creditors and other stakeholders.
Analysing 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 the Information Memorandum and Statement of Affairs in terms of the Code.
Assistance in dealing with financial creditors, operational creditors, the Committee of Creditors, the IBBI and other lenders.
Analysis and verification of claims, and evolving strategy from legal and financial aspects.
Representations and appearances before different competent authorities.
Review of minutes of meetings of the Committee of Creditors and assistance in exploring various restructuring options.
Formulation of financially viable resolution plans under the regime.
Other allied services.
Facing insolvency or a CIRP matter?
Talk to our Insolvency Professionals for a confidential, no-obligation discussion of your situation.
Book Free ConsultationFrequently asked questions
What is the Insolvency and Bankruptcy Code, 2016?
A landmark reform that came into force on 28 May 2016, simplifying and expediting insolvency and bankruptcy processes in India and ensuring fair negotiation between debtor and creditor by removing the asymmetry of debt and default information.
What advisory services do you offer under the Code?
Consultancy and advisory on insolvency and bankruptcy to debtors, creditors and other concerned persons; monitoring, guidance and support on related matters; and other affiliated services.
Do you act as an Interim Resolution Professional / Resolution Professional?
Yes. We take up appointment and act as IRP / RP and perform all duties in the resolution process, including managing the corporate debtor's affairs and formulating financially viable resolution plans.
What does the resolution professional engagement involve?
Business and debt-profile analysis, filing the CIRP application with the Adjudicating Authority, preparing the Information Memorandum and Statement of Affairs, dealing with creditors, the Committee of Creditors and the IBBI, verifying claims, representations before authorities, and exploring restructuring options.