Our Support Services is for “Insolvency Professional” who has been appointed as Interim /Resolution Professional under IBC for CIRP, Liquidation Process and Voluntary Liquidation Voluntary Liquidation process.
Our Areas of services are:
To prepare and issue Public Notice inviting claims
To collate claims and verify claims. Assist IP for in admission/ rejections of claims
Verification of security interest of the Creditors
To prepare report/ list of creditors to be uploaded on CD/IBBI website etc
We assure physical and digital record keeping of claim documents to assure faster and correct retrieval through an “Insolvency Software”
Visit all or key locations of the businesses/ assets of the Corporate Debtor.
To make an inventory/ physical verification of the assets and make videos/take pictures assuring of existence of assets.
To send “Asset Data” to Registered Valuer in a manner required for valuation and get the Valuation Report from RV
To constitute COC for CD with voting % of Financial Creditors
To prepare Agenda & Notices for COC Meeting and circulation thereof
To monitor “Voting Process“ and documentation of Voting Results
Preparing Minuets of the Meeting and circulation of minutes of the meeting
To communicate with COC members, Key Managerial Personnel, Statutory Authorities, employees of CD, for smooth conduct of CIRP process
To assist in appointment of Professionals and Experts for the process. For example, Registered Valuers, Forensic Auditor industry expert etc
To arrange temporary staff for running CIRP process
To interact and coordinate with appointed professionals/ experts for the process and to provide the requisite information to them for completion of the job
To prepare and compile Information Memorandum. To keep it updated with adding all that information which is important for Resolution Applicant.
To run the entire process of an invitation of Resolution Plans such as the release of EOI, preparation of RFRP, bid evaluation matrix, eligibility criteria and other documents for receipt
Examination and presentation of Resolution Plans for the approval of Committee of Creditors
Compliances and Reporting
To draft documents required to be filed before NCLT.
To read through notices, applications, petitions, replies, rejoinders, etc. drafted by appointed lawyers and provide comments to assist IP
To comply with a Commercial Law requirement such as GST, Income Tax, MCA and filling their return
To compile the data required to be reported to IBBI