Insolvency Professional
Insolvency Professional provide expert services in managing insolvency, restructuring and liquidation processes in compliance with IBC regulations.
Our goal is to protect stakeholder interests and ensure smooth resolution with transparency and efficiency.
Insolvency proceedings are formal legal processes that occur when a company, partnership or individual cannot meet its financial obligations. In India, these are governed by the Insolvency and Bankruptcy Code (IBC), 2016, which provides a time bound, creditor-driven resolution framework to protect businesses, creditors and stakeholders.
Key Features
- Time-Bound – Resolution within 180-330 days
- Creditor-Driven – Initiated by financial or operational creditors
- Moratorium – Suspension of all recovery actions during proceedings
- Resolution or Liquidation – Depending on business viability
- Professional Oversight – Managed by Insolvency Professionals (IPs) under NCLT supervision.
Insolvency in the Commercial Sector
- Triggered when a company defaults on debts (minimum threshold Rs. 1 crore, subject to changes)
- Applications can be filed by financial creditors, operational creditors, or the debtor itself.
- A Resolution Professional (RP) takes charge of management and assets.
- A Committee of Creditors (CoC) evaluates resolution plans.
- If no plan is viable, the company moves to liquidation.
- Used extensively in corporate, banking, and infrastructure sectors to ensure business continuity or orderly exit.
Role of Insolvency Professionals
- Manage company operations during insolvency.
- Safeguard creditor and policyholder interests.
- Oversee asset valuation, resolution plans, or liquidation.
- Act as a bridge between regulators, creditors and courts.