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The Firm offers the whole range of range of services in respect of Insolvency and Bankruptcy Code, 2016. Two of its Senior Partners, Mr. R. Venkatakrishnan and Mr. L. K. Sivaramakrishnan are registered Resolution Professionals with the Insolvency and Bankruptcy Board of India eligible to be appointed as Interim Resolution Professional (IRP), Resolution Professional and Liquidator under the provision of the Insolvency and Bankruptcy Code, 2016. The firm offers a whole range of advisory, consulting and representation services on various facets under the Code.

Filing and Defending Applications

The Firm can facilitate preparation, filing and represent in respect of applications under the provisions of Section 7 relating to Financial Creditors, Sections 8 and 9 relating to applications by Operational Creditors and Section 10 relating to applications by Corporate Debtor i.e., the company itself.

The Firm also offers full range of services in defending applications filed against Corporate Debtors in respect of Sections 7, 8, 9 and 10 referred to in the preceding paragraph.

Forensic & Special Audits

The Firm offers a complete range of services in the context of conduct of special & forensic audits to conform to the requirements of the specific provisions of the Insolvency and Bankruptcy Code, 2016 relating to

  • Section 43 for preferential payments made to Creditors
  • Section 45 in respect of undervalued transactions
  • Section 49 to identify transactions entered into deliberately to defraud the Creditor
  • Section 50 to determine extortionate credit transactions
Preparation of Resolution Plans

Preparation of comprehensive Resolution Plans in conformity with the requirements of the Code is critical for success and acceptance of the plan from Resolution Applicants. The service includes conduct of a comprehensive business due diligence and preparation of a Resolution Plan to ensure that the interests of the Resolution Applicant is adequately protected.