When decisions are taken at a right time, there is a greater chance that a corporate entity can be saved as a going concern and productive resources (labour and capital) can be put to best use.
The IBC deals with insolvency and bankruptcy of companies, limited liability partnerships and partnership firms.
This Code has repealed archaic laws and amend many legislations notable being Sick Industrial Companies (Special Provisions) Act, 1985 and the Companies Act 2013 and other enactments like Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDB Act) and the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI).
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for Insolvency and Bankruptcy.
Bhama Consulting has built a separate Insolvency team which has been closely following every change proposed by the government for a better Resolution Plan to the Financial /Operational Creditor. Our team has gathered the requisite expertise to help you in providing requisite solution.
Additional values that we bring on the table is that, we have blend of corporate and consulting experience with an ability to manage from 10 employees up to 3000 employees, thus can manage the corporates in very planned manner.
Public Announcement for commencement of CIRP/Liquidation Process and Invitation of EoI.
Verification of Claims from Financial and Operational Creditors.
Constitution of Committee of Creditors (CoC).
Conducting Formal meetings with Debtors/Creditors and manage their settlement process.
Preparation of Information Memorandum.
Timely Compliances as per IBC, 2016 and IBBI Guidelines
Determination of Preferential and Other Transactions.
Valuation of Assets of Corporate Debtor.
Assisting in formulation of Resolution Plan/Liquidation Plans
All other services of Insolvency Professionals as per IBC, 2016
We have been empanelled with almost all PSU and Private Banks. Some of them are: