An Interim Resolution Professional is appointed by Debtor / Creditor / NCLT to conduct certain functions under IBC 2016 for the initial 30 days from the date of admission of case by NCLT. A Resolution Professional is the Insolvency Professional appointed by the Committee of Creditors in its First Meeting. Either the Interim Resolution Professional or another Insolvency Professional may be appointed as Resolution Professional.
Our team of Insolvency Resolution Professionals consists of eminent former senior Bankers, Chartered Accountants, Cost Accountants, Industry Veterans and Financial Experts and all are registered with the Insolvency and Bankruptcy Board of India and have extensive knowledge and wide experience.
Conducting the resolution process at the NCLT Bench as per time schedule and advising Corporate Debtors, Financial Creditors and Operational Creditors correctly, are our forte.
The Insolvency Resolution Services offered by our dedicated team of Experts includes Corporate Consultancy to the Corporate Debtor, Financial Creditor and Operational Creditor to file the Insolvency Resolution cases with the NCLT Bench. We also provide consultancy services for voluntary liquidation of Corporates.
We also provide secretarial assistance with the secretarial work to the Resolution Professionals. These services include the following:
We provide legal assistance to our clients through empanelled advocates for initiating the Insolvency Resolution process. We have established associations with reputed Legal Firms to undertake cases with NCLT Benches. All the needs of the client with regard to making an application with NCLT / NCLAT are taken care of.
As per section 5(26) of the IBC, "Resolution Plan" means a plan proposed by any person for insolvency resolution of the Corporate Debtor as a going concern. A Resolution Plan is prepared on the basis of the information Memorandum given by the Resolution Professionals.
A Resolution Plan shall identify particular sources of funds that will be used to cover the following:
Our team of Experts in LSI Financial Services Pvt. Ltd. will help the Resolution applicant to prepare an appropriate Resolution Plan for the business entity.