INSOLVENCY AND BANKRUPTCY
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 on insolvency / bankruptcy, are now simplified and expedited, ensuring fair negotiations between Debtor and Creditor by removing the asymmetry of debt and default information, with the support of institutional infrastructure involving:-
- The Insolvency and Bankruptcy Board of India (the Regulator)
- Debt Recovery Tribunal and National Company Law Tribunal (the Adjudicating Authorities) Insolvency Professionals.
- They control and manage the assets of the debtor and ensure that they are
protected while negotiations take place. - Insolvency Professional Agencies. They admit the Insolvency Professionals as the Members and ensure such Members’ Code of Conduct.
Mr. R. Ramakrishna Gupta, Senior Partner of R&A Associates, is a Registered Insolvency Professional.Our service offerings under this segment include:-
- Consultancy Services on Insolvency and Bankruptcy to Debtors, Creditors and other Insolvency Professionals.
- Role and responsibilities as Interim Resolution Professional and Resolution Professional:
- Management of Corporate Affairs of the Corporate Debtor.
- Determining the Financial position of the Debtor.
- Instructing the financial institutions.
- Executing Deeds, receipts and other documents of Debtor.
- Execution of Contracts and modification of the existing contracts where required.
- Accessing electronic Records with Information Utility
- Receive and Collate all the claims.
- Constitution of Committee of Creditors and conducting its Meetings.
- Monitoring the assets of the Debtor including Control and Custody of assets with ownership rights.
- File information collected with Information Utility, where required.
- Raise interim finance with the approval of Committee of Creditors.
- Determining the Voting share of the Creditors.
- Preparation of Information Memorandum.
- Obtaining approval from the Committee of Creditors for certain actions.
- Examination of Resolution Plan and obtain approval of the Committee of Creditors.
- Submission of Resolution Plan to Adjudicating Authority.
- Co-ordination with the Insolvency and Bankruptcy Board of India.
- Assistance in extension of period of Corporate Insolvency Process beyond 180 days.
- Liquidator Services.
- Fast Track Corporate Insolvency Resolution Process.
- Representing the Creditor in the meeting of Committee of Creditors, where such Creditor is the member.
- Appearance before the Tribunal – Adjudicating Authority.
Bouquet of Services
Corporate Secretarial Services
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Audit ‘N’ Assurance
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Insolvency & Bankruptcy
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Regulatory Approvals & Representation
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Corporate Governance
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Legal Due Diligence & Transaction Documents
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Compliance under Foreign Exchange Laws
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Joint Ventures, Mergers, Amalgamations And Acquisitions
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Employee Stock Based Compensation
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Intellectual Property Rights
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Advisory On Capital Raising
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Services To Lending Institutions
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Establishment & Employment Related Compliances
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Compliance Management Services
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Services To Non-profit Organizations
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