Our Services

#1: Identification of suitable cases for IBC Vs. SARFAESI for Banks and NBFCs

  • Discuss with the lenders about any defaulting Corporate Debtor and its suitability for taking action under IBC vis-à-vis SARFAESI Action.
  • Understanding the securities available with the Bank, financial position of the Corporate Debtor and other facts and to discuss and assist corporate lenders to take a decision for exercising options under different laws with the objective of maximizing and expediting the recovery process.
  • AAAIP will support RP in doing and complying with all his duties such as running the operations of the Company as a going concern, appointment of valuers, preparation of information memorandum, raising interim finance, convene all the meetings of COC, work as per the consent and directions of members of COC as per law, invite resolution applicants for putting forward a resolution plan, release Expression of Interest, call for resolution plans, release approved bid evaluation criteria, receive and examine Resolution Plans, present all Resolution Plans before COC, examine sustainable debt of the Company, present the liquidation value of the Company, examine books of accounts for finding avoidable transactions u/s 43, 45, 50 & 66 and file applications for recovery from beneficial creditors, beneficial transferees, lenders with exorbitant terms of loans, contributories for fraudulent transactions.

#2: Preparation and filling of Insolvency Application before NCLT

  • For and on behalf of Financial Creditors u/s 7 of IBC
  • For and on behalf of Operational Creditors u/s 9 of IBC
  • For and on behalf of Corporate Debtor u/s 10 of IBC

#3: Interim Resolution Professional (IRP)

  • The Partners of AAAIP, who are qualified Insolvency Professionals, are acting as Interim Resolution Professional, if appointed; and
  • AAAIP will support IRP in doing and complying with all his duties such as Public Announcement, receive, verify and admit claims, continue the operations and control of the operations at Corporate Debtor, take control and custody of all the assets of Corporate Debtor, constitute Committee of Creditors, file report before NCLT, convene first meeting of COC, appoint other professionals, depute security guards for watch and ward of assets and to continue as IRP till appointment of Resolution Professional and do all functions and duties of IRP.

#4: Resolution Professional (RP)

  • The Partners of AAAIP, who are qualified Insolvency Professionals, are working as Resolution Professional, if appointed; and
  • AAAIP will support RP in doing and complying with all his duties such as running the operations of the Company as a going concern, appointment of valuers, preparation of information memorandum, raising interim finance, convene all the meetings of COC, work as per the consent and directions of members of COC as per law, invite resolution applicants for putting forward a resolution plan, release Expression of Interest, call for resolution plans, release approved bid evaluation criteria, receive and examine Resolution Plans, present all Resolution Plans before COC, examine sustainable debt of the Company, present the liquidation value of the Company, examine books of accounts for finding avoidable transactions u/s 43, 45, 50 & 66 and file applications for recovery from beneficial creditors, beneficial transferees, lenders with exorbitant terms of loans, contributories for fraudulent transactions
  • To submit approved resolution plan before NCLT and represent before NCLT for sanction of Resolution plan. Finally, hand over the custody and control of Company to successful resolution applicant.
  • To submit approved resolution plan before NCLT and represent before NCLT for sanction of Resolution plan. Finally, hand over the custody and control of Company to successful resolution applicant.
  • Drafting, settling and filing all representations, reports, petitions, replies, rejoinders and all other such pleading as may be necessary before the Adjudicating Authority and appearances for hearing before the Adjudicating Authority.
  • Filing and defending of any Applications which may be filed by the company or against the company with NCLT/
  • Drafting, settling and filing all representations, reports, petitions, replies, rejoinders and all other such pleading as may be necessary before the Adjudicating Authority and appearances for hearing before the Adjudicating Authority.
  • Filing and defending of any Applications which may be filed by the company or against the company with NCLT/ NCLAT.

#5: Conducting Liquidation Process

  • The Partners of AAAIP, who are qualified Insolvency Professionals, would act as Liquidator, if appointed; and
  • AAAIP would support and assist the liquidator in doing and complying with all his duties and responsibilities such as release of Public Announcement, receive, verify and admit all claims, take custody and control of all the assets of the Corporate Debtor, apply and obtain help from local administration by making an application to Adjudicating Authority, if required, to obtain the valuation and prepare report of the assets and property of the Corporate Debtor, to protect and preserve the assets and properties of the Corporate Debtor, to carry on the business of the Corporate Debtor for its beneficial liquidation.
  • To support and assist the liquidator for selling the immovable and movable property and actionable claims of the Corporate Debtor, to prepare all reports required under liquidation process, to appoint professionals for any assistance, to distribute proceeds of sale or realization of assets to creditors, to institute any claim or recovery suit or insolvency for any of the Corporate Debtor.
  • To investigate the financial affairs of the Corporate Debtor to determine undervalued, preferential, extortionate credit or fraudulent transactions and take necessary actions for maximization of recovery for the creditors.

#6: Voluntary Liquidation Assignments

  • Partners of AAAIP can be appointed as Voluntary Liquidator u/s 59 of the IBC.
  • AAAIP will support its partners to do all functions of Voluntary Liquidator such as taking over control and custody of all the assets; disposing all the assets; recovery from all dues; distribution of funds to creditors; closure of the company and to do all compliances.
  • To prepare all the reports required for Company for complete closure

#7: To Act as Process Advisor or Legal Associate

  • AAAIP or any of its Partner can be appointed as Process Advisor and /or Legal Associates for CIRP or Liquidation process appointed by other professionals/RP/Liquidator.
  • AAAIP or any of its Partner can be appointed as Process Advisor and /or Legal Associates for CIRP or Liquidation process appointed by COC.
  • AAAIP can be appointed as Consultant to any creditor or stakeholder.

#8: To Prepare Resolution Plan & to Represent Resolution Applicant to RP, COC & NCLT.

#9: To Prepare any kind of application for and represent before NCLT & NCLAT.

#10: To act as advisor to Corporate Debtor under financial stress and effect a turnaround under IBC.

#11: To act as an advisor to Corporate Debtor under financial stress and effect a turnaround under RBI Circular dated 12th Feb, 2018 and Sashakt Scheme.