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Insolvency Resolution/ CIRP

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. The Act consolidates and amends the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of these persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.

Lexpro provides advisory services relating to insolvency and bankruptcy to Individuals, corporate, Financial Institutions, Banks and other corporates for action, initiation and resolution as per the Insolvency Code along with representing Creditors and Corporate Debtors before the various benches of National Company Law Tribunal. The company has substantial experience in handling cases for and against Financial Creditors as well as operational creditors. Our service portfolio for Insolvency resolutions includes and is not limited to following:

  • Assessment of viability of initiation of Corporate Insolvency Resolution Process (CIRP)
  • Preparation of Insolvency Petition and admission of Petition
  • Acting as Interim Resolution Services (IRP) and Resolution Professional
  • Negotiations with Creditors and other stakeholders for Corporate Resolution
  • Representation in Committee of Creditors
  • Preparation and approval of Resolution Plan