• Qualified Insolvency Professionals of our team would act as Interim Resolution Professionals (IRP) and Resolution Professionals (RP), if appointed, to conduct CIRP.
• The company will support and assist IRP in performing all his functions and duties such as making public announcement; receiving, verifying and determining claims; collecting all information relating to the assets, finances and operations of the corporate debtor for determining the financial position; taking control and custody of all the assets of the corporate debtor; protecting and preserving the value of the property of the corporate debtor and managing the operations of the corporate debtor as a going concern; appointing other professionals; constituting Committee of Creditors (CoC); and convening the first meeting of CoC.
• The company will support and assist RP in performing all his functions and duties such as managing the operations of the corporate debtor as a going concern; raising interim finance; appointment of registered valuers for determining the fair value and the liquidation value of the corporate debtor; preparing the information memorandum containing the various details of the corporate debtor; convening/conducting meetings of the CoC and voting by it; examining books of accounts for finding out preferential transactions, undervalued transactions, extortionate credit transactions, and fraudulent transactions;invitation for expression of interest from interested and eligible prospective resolution applicants; and evaluation of resolution plans and their submission to the CoC and the Adjudicating Authority (NCLT) for their approval.