Insolvency Bankruptcy Code – Services.
STEP 1 – Case study, Status Report and advise proposed action and precautions
- Pre - Forensic audit considering provisions of IBC 2016
- Re-Structuring of transactions with predefined objective
- Feasibility study
- Recovery of debt through CIRP
- Closure of Company through Voluntary Liquidation
- Filing of petition for initiating CIRP / Voluntary Liquidation
STEP 2 – Advisory and Assistance during CIRP
- Structuring and preparation of resolution plan
- Assistance in negotiation of resolution plan
- Dealing with forensic / transaction auditor
- Assistance in Valuation of assets
- Advising on tax / non tax benefits possible under resolution plan
STEP 3 - Post CIRP support Service to reach logical end
- Change in data in MCA (i.e appointment of new directors, removal of old directors , issue of new capital , write off existing paid up capital )
- Waiver off past demand of Income Tax , GST , Service tax etc
- Restructuring of Balance sheet post Acquisition of control
- Assistance in completing pending accounts , filing of annual return under Companies Act 2013 and Income Tax return
- Availing of Carry forward losses under Income Tax Act and input credit under GST Act
- Advising on capital structure ,post acquisition
- Handling monitoring Committee
ADDITIONAL PROFESSIONAL SERVICES
- To identify Interim resolution professional (IRP), Resolution Professional (RP) and Liquidator.
- Preparing proposal for acquiring a company as going concern under liquidation
