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  • skj@destinationfinance.com

Insolvency and Bankruptcy Advisory Services

  • Business Advisory

    Insolvency and Bankruptcy Advisory Services

    Pre Insolvency & Bankruptcy

    • Assessment of signs & events of possible Defaults/NPA/Cash Flow Mismatch
    • Advisory for earlier Risk mitigation
    • Advisory for establishing indispensable checks into the financial system to identify and remove the risk at the initial stage.
    • To act as Interim Resolution Professional to commence Corporate Insolvency Resolution Process.
    • Filing application/petition with the NCLT on behalf of Corporate Debtors, Creditors & Other Stakeholders.

     

    During Insolvency & Bankruptcy

    • To act as Resolution Professional to carry on and conduct the Corporate Insolvency Resolution Process.
    • To act as Resolution Professional to conduct Fast Track Corporate Insolvency Resolution Process.
    • Drafting and finalization of Information Memorandum
    • Verification of Claims
    • Convening meeting of committee of creditors
    • Verification of Resolution Plans

     

    During Liquidation Process

    • To act as Liquidator and conduct liquidation proceedings under the Code.
    • To act as Liquidator and conduct Voluntary liquidation proceedings.
    • Development & submission of Liquidation Plan
    • Liquidation of Business Assets
    • Distribution of Funds to settle debts and close claims
    • Submission of final report and Dissolution of Entity

     

    Other Process

    • To act as Resolution Professional to conduct on Fresh Start Process for Individuals.
    • To act as Resolution Expert as the Professional Insolvency Registrar in India will conduct Insolvency Resolution Process for Individuals and Partnership firms.
    • To act as Bankruptcy Trustee and conduct Bankruptcy Proceedings in respect of Individuals and Partnership firms.
    • To assist Lenders /Borrowers / other creditors in submitting information with Information Utility and /or retrieving information from Information Utility

     

    Note: - It is noteworthy that we are familiar with the both aspects of Insolvency and Bankruptcy Services. On the one side, we assist corporate debtors to identify & cope up with its feeble areas and thereby manage their pain & stress and on the other side we assist lenders in realizing its claim out of unfeasible repayment conditions by utilizing various tactics.