Insolvency & Restructuring Advisory
(A) Interim Resolution Professional (IRP) / Resolution Professional (RP)
To act as Interim Resolution Professional (IRP) or Resolution Professional (RP) and provide services in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) and related regulations for:
Services include management of the Corporate Insolvency Resolution Process (CIRP), verification of claims, coordination with the Committee of Creditors (CoC) and ensuring compliance with IBC regulations.
Financial Creditors
Operational Creditors
Corporate Debtors
(B) Liquidator
To act as Liquidator and provide services in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 and the applicable liquidation regulations.
Services include taking custody of assets, verification of claims, realization of assets, and distribution of proceeds to stakeholders as per the IBC framework.
(C) Advisory Services under Insolvency & Liquidation
To assist in assessing the recoverability of the outstanding Debtors.
To assist in the future course of action for initiation of CIRP of the corporate debtor.
To assist in updation to entities by bringing to their knowledge of the initiation of insolvency proceedings against their debtors.
To represent Creditor/Lenders in meetings of COC
To assist in preparation and filing of claim with IRP/RP/ Liquidator on behalf of creditors
To keep updated to entities by bringing to their knowledge of Public announcement of initiation of CIRP against debtors/trade receivables
Assessment of Debt recoverability
Claim Filing and Representation in COC
Support Services to Insolvency Professionals and COC
Due Diligence of the Resolution Applicant/Bidder
Identification of Prospective Resolution Applicant/Bidder
Evaluation of Resolution Plan in accordance with IBC Code, 2016
To provide Forensic Audit/ Transaction Audit Services for avoidance transactions under IBC, 2016
Assistance in preparation of Information Memorandum/ Process Documents/ Evaluation Matrix
To act as Process Advisor to Resolution Professional
Preparation of Resolution Plan and Representation
To represent Resolution Applicant before IRP/RP and Committee of Creditors.
To assist in preparation of Resolution Plan in compliance of IBC, 2016 and other applicable laws.
To assist & represent Resolution Applicant in analyzing the viability of acquisition to be made i.e Due Diligence of the target acquisition.
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Chennai, India
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UMAVALLI & ASSOCIATES
CHARTERED ACCOUNTANTS