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Appointment as Insolvency Professional

The IBC deals with insolvency and bankruptcy of companies, limited liability partnerships and partnership firms. This Code has repealed archaic laws and amend many legislations notable being Sick Industrial Companies (Special Provisions) Act, 1985 and the Companies Act 2013 and other enactments like Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDB Act) and the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI).

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for Insolvency and Bankruptcy.

Bhama Consulting has built a separate Insolvency team which has been closely following every change proposed by the government for a better Resolution Plan to the Financial /Operational Creditor. Our team has gathered the requisite expertise to help you in providing requisite solution.

Additional values that we bring on the table is that, we have blend of corporate and consulting experience with an ability to manage from 10 employees up to 3000 employees, thus can manage the corporates in very planned manner.

Following are some of the roles of Insolvency Professional as per IBC, 2016:

  • Public Announcement for commencement of CIRP/Liquidation Process and Invitation of EoI.
  • Verification of Claims from Financial and Operational Creditors.
  • Constitution of Committee of Creditors (CoC).
  • Conducting Formal meetings with Debtors/Creditors and manage their settlement process.
  • Preparation of Information Memorandum.
  • Timely Compliances as per IBC, 2016 and IBBI Guidelines
  • Determination of Preferential and Other Transactions.
  • Valuation of Assets of Corporate Debtor.
  • Assisting in formulation of Resolution Plan/Liquidation Plans
  • All other services of Insolvency Professionals as per IBC, 2016

EMPANELLED WITH BANKS

We have been empanelled with almost all PSU and Private Banks. Some of them are:

  • AXIS BANK
  • STATE BANK OF INDIA
  • BANK OF INDIA
  • IDBI BANK
  • CANARA BANK
  • ORIENTAL BANK OF COMMERCE
  • And Many Other Banks