Corporate Insolvency Services in India

Corporate insolvency takes place when a company fails to pay its debts or to settle its obligations to the creditors within the required period. It is the expression of financial distress where the liabilities of the company surpass the assets or the cash flow is not enough to operate the company.

In India, the management and settlement of the corporate insolvency is regulated by the Insolvency and Bankruptcy Code (IBC), 2016 – the set of comprehensive legal documents that were implemented to secure a time-limited solution to financial situations. The IBC offers the means of restructuring, revival or liquidation of firms in a clear and effective way and protects the interests of the creditors, employees, and stakeholders.

Corporate Insolvency

Significance of Corporate Insolvency Resolution.

Corporate Insolvency Resolution Process (CIRP) is very crucial in ensuring the financial stability and credibility of businesses. It does not only offer a properly organized process of solving financial crisis but also guarantees equal treatment among all the stakeholders.

1. Secures the Interests of the Creditors, Stakeholders and Employees

The insolvency system protects the rights of creditors and at the same time, takes into consideration the welfare of employees, shareholders and other stakeholders. It enhances fair allocation of resources and open debt collection.

2. Proposes Revival and Restructuring of Troubled Businesses

Rather than immediate liquidation, the resolution process provides companies with the chance to reorganize the operations, attract new investments and recover financial status under the supervision of specialists.

3. Aspires to Transparency and Accountability in Financial Management

IBC guidelines compel firms to keep good records, to report on the financial position, and to comply with the regulatory standards- which advance good governance conduct and transparency.

4. Fosters Inverse Investor Confidence and Business Stability

A well-developed insolvency system enhances the confidence of the market as it indicates that India has well-developed mechanisms of dealing with business failures. This stability will attract more investors and encourage the long term economy growth.

Insurance Services of Corporate insolvency that we provide

Om and Jaswani offer end to end solutions to firms in financial distress or solventcy issues. Our team of experts also guarantees adherence to the Insolvency and Bankruptcy Code (IBC), 2016 and as far as possible maximize recovery and facilitate business recovery.

1. Insolvency Advisory and Consultancy

  • Detailed financial evaluation and analysis of viability.
  • Law advice regarding IBC procedures, creditor control and enforcement.
  • Director and stakeholders strategic guidance in insolvency cases.

2. Business Revival Planning and Corporate Restructuring

  • Debt negotiation and creditors restructuring.
  • Business turn around and recovery plans.
  • The development of revived strategies to strengthen business sustainability.

3. Resolution Process Support

  • Help to prepare and submit insolvency applications under IBC.
  • End-to-end coordination between NCLT, Insolvency Professionals (IPs) and creditors.
  • Representation, process monitoring, documentation.

4. Liquidation & Asset Recovery

  • Asset valuation, sale and realization assistance.
  • Advice in voluntary or forced liquidation.
  • Support of compliance and documentation and closure process end-to-end.

Why should Om and Jaswani be preferred in the Corporate Insolvency Services?

The selection of appropriate insolvency partner plays a very important role in ensuring that the result is reached in a timely and effective manner. Om and Jaswani provides expert, compliant and strategic solutions that are intent to assist businesses to get out of the financial woes with confidence.

1. Expert Guidance

With our team of trained experts, we have the knowledge and expertise when it comes to corporate insolvency, restructuring and financial management – there is no case that we can do without accuracy and insight.

2. Strategic Solutions

We provide realistic, action-focused business rejuvenation, debt restructuring and reorganizing, according to your company circumstances.

3. Comprehensive Support

During the initial advisory-to- IBC filings, documentation and execution, we run the whole process through smooth sailing in order to reduce stress levels and make sure that everything is arranged on compliance.

4. Proven Track Record

Our company has been able to deal with insolvency and restructure cases in various industries to ensure that the companies bounce back to stability and investor confidence.

5. Confidential & Compliant

Our data confidentiality, accuracy, and legal compliance are of great concern, and we have full transparency in the process.

Our Process

Om and Jaswani adheres to a systematic and clear process of guaranteeing the effective settlement of insolvency and adherence to the IBC model.

1. The First Consultation and Evaluation

At the start, we do extensive consultation to get to know the financial position of the company, challenges in its operations and its debt structure.

2. Financial and Legal Analysis

A thorough scrutiny of financial statements, liabilities, and legal requirements are carried out by our professionals in order to identify the best course of action.

3. Bankruptcy Filing and Documents

We facilitate in all the required documentation, filings, and submissions in front of National Company Law Tribunal (NCLT), and make sure that all the requirements of Insolvency and bankruptcy Code (IBC) are taken care of.

4. Implementation or Liquidation Management Resolution

With the results, we assist in the implementation of approved resolution plans or undergo liquidation, including valuation, sale and closure of assets.

Conclusion

Resolution of corporate insolvency is by all means a tough and decent stage involving any business. But under the appropriate professional attention, it will be a window of recovery, restructuring, and long-lasting stability.

Om and Jaswani is a reputable and outcome-focused corporate insolvency firm in India that assists companies to sail through financial bankruptcy, adhere to IBC procedure, and succeed in long-term recovery.

Call to Action (CTA)

Dealing with insolvency or financial problems?
Om and Jaswani Consultancy can assist you in all the steps of IBC by providing expert opinion, help in strategic restructuring, and full compliance.

Call us today at +91-9891628354

Email: support@omandjaswani.com

Visit: www.omandjaswani.com

Turnaround, Reorganise and Recover with a lot of confidence – Today be a partner with Om and Jaswani!

Frequently asked questions

1. What is corporate insolvency IBC 2016?
It is a legal procedure, which enables financially strained business enterprises to settle debts or reorganize in accordance with the Insolvency and Bankruptcy Act.

2. What happens to the company when the company becomes insolvent?
The company can be restructured, resolved, or liquidated under the control of NCLT.

3. What is the duration of the process of corporate insolvency?
IBC recommends that the resolution process should take up to 180/330 days.

4. Is it possible to revive a business that had gone insolvent?
Yes, and with proper restructuring and creditor acceptance companies may commence and run profitably.

5. What could Om and Jaswani firm do?
We are full service – financial review, documentation and resolution and liquidation under IBC.