Insolvency & Bankruptcy Advisory Services: Prior to the enactment of the Insolvency and Bankruptcy Code, 2016, the state of the bankruptcy process was highly fragmented as the powers of the creditors and debtors under insolvency were provided in separate legislations. This inevitably lead to low chances of consistency and efficiency in the resolution process. Thus, the emergence of Insolvency & Bankruptcy Code, 2016 is a tremendous reform which has simplified and expedited the resolution process which once took ages to conclude. In our gamut of services, Insolvency & Bankruptcy is a key part. Our team would play a vital role in providing appropriate support for Corporate as well as Individual insolvency and bankruptcy procedures and provide sustenance for creditors / debtors during troubled debt recovery in various areas of business. Our key principle is to ensure win -win financial solutions for our clients’ business objectives vis-à-vis the market situation.

Scope of our Services under IBC:
  • CONDUCTING AUDIT FOR PAST 2 YEARS FOR ASCERTAINING UNDERVALUED/ PREFERENTIAL/
  • EXTORTIONATE TRANSACTIONS
  • VERIFICATION OF CREDITORS’ CLAIMS
  • VERIFICATION/ COMPLETION OF SECRETARIAL RECORDS
  • ASSISTANCE IN PREPARATION AND SUBMISSION OF REQUIRED DOCUMENTS WITH NCLT
  • VERIFICATION OF RELATED PARTY TRANSACTIONS
  • CONDUCTING AUDIT FOR PAST 2 YEARS FOR ASCERTAINING UNDERVALUED/ PREFERENTIAL/
  • EXTORTIONATE TRANSACTIONS
  • INCIDENTAL ACTIVITIES FOR SUCCESSFUL COMPLETION OF RESOLUTION PROCESS
  • CONSOLIDATION, VERIFICATION AND DETERMINATION OF CLAIMS
  • ADVISING AND ASSISTING IN INITIATION OF CORPORATE INSOLVENCY PROCESS AGAINST CORPORATE DEBTORS
  • REPRESENTATION BEFORE NCLT/NCLAT
  • CASH FLOW FORECASTING & MONITORING
  • LIQUIDATION COSTS
  • MANAGE STAKEHOLDERS
  • RAPID DIAGNOSTIC FOR RED FLAGS
  • SELL NON-CORE ASSETS/ PART OF OPERATIONS
  • EXECUTE THE TURNAROUND PLAN
  • ASSISTANCE IN RECORD MAINTENANCE
  • ASSISTANCE IN FORMATION OF LIQUIDATION ESTATE
  • ASSISTANCE IN CONSOLIDATION AND VERIFICATION OF CLAIMS
  • ASSISTANCE IN DISTRIBUTION OF ASSETS
  • ASSISTANCE IN CONDUCTING AUDIT
  • ADVISING AND ASSISTING IN INITIATION OF CORPORATE INSOLVENCY PROCESS ON BEHALF OF CORPORATE DEBTORS
  • ADVISING & REPRESENTING AGAINST THE NOTICES RECEIVED FROM CREDITORS BEFORE NCLT/ NCLAT
  • REPRESENTING BEFORE & COORDINATING WITH IRP
  • ADVISING & ASSISTING FOR SEEKING REMEDY AGAINST THE DECISIONS OF NCLT/ IRP
  • ASSISTANCE IN PREPARATION/ SUBMISSION INFORMATION TO IRP
  • ASSISTANCE IN PREPARATION OF SECRETARIAL & ACCOUNTING RECORDS
Head Office
A‐16/9, Vasant Vihar, New Delhi – 110057
Email Us
delhi@llca.net
Call Us
+91‐11‐42591800