Support to Resolution Professional
We also provide secretarial and Legal assistance with work related to the Resolution Professionals. These services include the following:
Publishing the public announcement in newspapers as per the guidelines of the Insolvency and Bankruptcy Board of India Regulations (Insolvency Resolution Process for Corporate Persons), 2016.- Our Firm has law professional in our advisory panels to advise on legal issues related with insolvency and bankruptcy resolution process , financial restructuring and statutory compliance and also 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.
- Formulating / drafting the Agenda for the Meeting of Committee of Creditors. The agenda is prepared by our team of experts as per IBC 2016.
- Preparation and sending of the Notice of Meeting by appropriate means. Our team prepares the notice as per the guidelines of the Insolvency and Bankruptcy Board of India Regulations (Insolvency Resolution Process for Corporate Persons), 2016.
Details of activities to be carried as Interim Resolution Professional as follows:
- To carry on the operations of the Borrower / Corporate Debtor as a running unit
- To manage the affairs of the Borrower / Corporate Debtor
- To arrange publication of Public Announcement
- To appointRegistered valuers, Accounting, Legal and other Professionals
- Verify the claims of creditors and finalize list of creditors
- Form Committee of creditors
- Prepare Information Memorandum
- Call and convene 1st meeting of committee of creditors
- Submit report on formation of committee of creditors and Minutes of proceedings of meeting of creditors to NCLT
- To carry on such other activities as may be ordered by the NCLT or required for smooth conduct of the resolution process.
- All matters incidental to carrying on the activities as an Interim Resolution Professional.