Services for corporates for recovery from other corporates
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FOR CORPORATES
The Corporates can empanel DDIP for a 'One Window Professional Services' for all the matters under Insolvency & Bankruptcy code including -
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SERVICES FOR CORPORATES FOR RECOVERY FROM OTHER CORPORATES |
- Issuance of Demand Notice to other corporates under the Insolvency & Bankruptcy Code 2016 for recovery of an Operational or Financial Debt. ( Corporate Debtor has to reply within 10 days or submit details of payment done)
- Initiating Corporate Insolvency Resolution Process (CIRP) with NCLT.
- To act as Interim Resolution Professional (IRP) & to act as Resolution Professional(RP)
- Advisory on shifting recovery proceedings against debtors of the client from other mechanisms (winding up proceedings under the Companies Act etc.) to IBC mechanism.
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SERVICES TO CORPORATES WHEN INSOLVENCY PROCEEDINGS INITIATED BY BANKS/ FIS / ARCS OR OTHER CORPORATES |
- To provide advisory and consultancy services with respect to Demand raised by other Corporates/ Banks/ FIs/ ARCs under Insolvency and Bankruptcy Code 2016
- Approaching NCLT to initiate Corporate Insolvency Resolution Process(CIRP), if the Corporate Debtor takes decision to wind up the Company or any of its subsidiary or Associate Company under the Insolvency & Bankruptcy Code
- To act as Interim Resolution Professional (IRP) & to act as Resolution Professional(RP).
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