Insolvency & Bankruptcy (IBC)

Advisory Under the Insolvency and Bankruptcy Code, 2016

The Insolvency and Bankruptcy Code, 2016 provides a time-bound framework for resolution of financially distressed companies, involving corporate insolvency resolution processes, resolution plans, and liquidation where resolution is not achieved.

We support corporate debtors, creditors, and resolution professionals through various stages of the IBC process, including claims verification, resolution plan evaluation, and asset valuation.

Our Insolvency & Bankruptcy (IBC) Services

Corporate Insolvency Resolution Process (CIRP) Advisory

Advising stakeholders through the CIRP under the IBC.

Resolution Plan Advisory & Evaluation

Advising on preparation or evaluation of resolution plans.

Claims Filing & Verification Support

Assisting creditors with filing and verification of claims before the resolution professional.

Valuation for IBC Proceedings

Providing registered valuer services required for insolvency and liquidation valuations.

Committee of Creditors (CoC) Advisory

Advising members of the Committee of Creditors on process and commercial matters.

Liquidation Process Support

Supporting stakeholders through the liquidation process where resolution is not achieved.

Why Insolvency & Bankruptcy (IBC) Matters

Provides structured advisory through a complex, time-bound legal process
Helps creditors protect their interests through proper claims filing
Supports informed decision-making by the Committee of Creditors
Provides IBC-compliant valuations required at various process stages
Assists resolution applicants in structuring viable resolution plans
Reduces process and compliance risk for all stakeholders involved

Frequently Asked Questions

What is the Corporate Insolvency Resolution Process (CIRP)?

CIRP is the process under the IBC through which a financially distressed company is assessed for resolution, involving appointment of a resolution professional, formation of a Committee of Creditors, and invitation of resolution plans within prescribed timelines.

Who can initiate insolvency proceedings under the IBC?

Insolvency proceedings can be initiated by financial creditors, operational creditors, or the corporate debtor itself, subject to meeting the applicable default thresholds and procedural requirements.

What is the role of a registered valuer in IBC proceedings?

Registered valuers determine the fair value and liquidation value of the corporate debtor's assets, which form key inputs for evaluating resolution plans and for the liquidation process if resolution fails.

What happens if no resolution plan is approved during CIRP?

If no resolution plan is approved within the prescribed timeline, the corporate debtor may be ordered into liquidation, and the process moves to realisation and distribution of assets under the IBC's waterfall mechanism.

What is the role of the Committee of Creditors in the IBC process?

The Committee of Creditors, comprising financial creditors, evaluates and approves resolution plans, oversees key decisions during CIRP, and holds significant control over the outcome of the insolvency process.

Talk to Our Insolvency & Bankruptcy (IBC) Team

From assessment to execution, we help you navigate insolvency & bankruptcy (ibc) with clarity and compliance.

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