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Finvin Turnaround and Restructuring Private limited.

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Corporate Insolvency Resolution Process and Liquidation

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Our network of Insolvency Professionals along with the support of our team, conducts the CIR process in adherence to IBC, 2016 & manages to run the corporate debtor as a going concern and revive it.

In Liquidation, we manage the following functions under this group:

Consolidation of Claims

Conducting Stakeholder Committee Meetings

Formation of Liquidation Estate

Auction of assets on Piecemeal basis

Review of Preferential Transaction

Liquidation as going concern

Fetching suitable customers.

Resolution Plans & Advisory

Our advisory team carefully understands the concerns of investors and the target business to lay out a plan under IBC, 2016.

We manage the following functions under this group:

Develop investor based understanding of IBC

Conduct Industrial & technical analysis

Formulate resolution plan strategies

Legal vetting of Resolution Plan

Demonstrate resolution plans to stakeholders

Diligent advice to Resolution applicant

Process Advisors

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The Committee of Creditors (CoC) needs the professional services of Process Advisors, who can provide professional guidance regarding formulation of eligibility criteria for prospective resolution applicants and design appropriate evaluation matrix so that the most appropriate Resolution Applicants get shortlisted so as to not only maximize the value for all the stakeholders but also select the right Resolution Applicants, who are able to run the Corporate Debtor in an efficient manner after the acquisition. Process advisor plays an extremely important role in finding a balance amongst Creditors of Committee (CoC), resolution professional and investor. Amongst many things, Process advisor negotiates on behalf of lenders for best possible recovery, provides assistance to lenders in taking an informed decision.

We manage the following functions:

Interse Bidding

Check complaince as per RFRP

Feasebility and viability report of the plan

Giving a report to the CoC which includes the parameters which are required for CoC to take a decision

Finding suitable buyers

Our Services to Insolvency Professionals acting as IRP/ RP/ Liquidator include:

Corporate Insolvency Resolution Process:

Responsibilities include issuing Public Notices to invite claims.

Receives and verifies claims from various creditors and entities. Collates, verifies, and categorizes claims, seeking additional details when necessary. Determines the nature of the claims, security interests, and priority.

Forms a Committee of Creditors and reports to the Adjudicating Authority.

Maintains physical and digital records of claim documents for easy retrieval.

Front End Team for Taking Over Control and Custody of Corporate Debtor.

Conducts site visits to identify locations and assets.

Compiles an inventory, records assets through videos and pictures, and presents findings to the Committee of Creditors.

Deploys security personnel to safeguard assets and prevent unauthorized removal.

Oversees Corporate Debtor operations to maintain it as a going concern.

Appoints professionals like Registered Valuers, Auditors, and experts for specific tasks.

Coordinates with various professionals, experts, and the Committee of Creditors.

Prepares and updates Information Memorandums and manages the process of inviting Resolution Plans.

Our Services to Insolvency Professionals acting as IRP/ RP/ Liquidator include:

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Liquidation:

Engaging with various stakeholders and disseminating information about the Liquidation Process.

Appointing professionals for tasks like asset valuation, accounting, and asset sales.

Managing a panel of qualified professionals for potential Corporate Debtor appointments.

Coordinating with professionals and ensuring timely task completion.

Organizing Stakeholders Consultation Meetings and handling related documentation.

Compiling essential reports and documents.

Overseeing the e-auction process for asset sales and fund distribution.

Pre-packaged Insolvency Resolution Process (PPIRP)

Personal Insolvency cases admitted against persons giving Corporate Guarantees

Other Support Service

Other Support Service Include:

Due Diligence as per Sec 29A of IBC 2016

Process Advisory for evaluation of Resolution Plan, assisting in amendments/ changes/ Modification required to be made under Resolution Plan.

Assistance in preparation of various application to be filed under IBC 2016.

Compliance under Co. Act, Income Tax Act, GST etc.

Conducting Transaction Audit and Forensic Audit on behalf of Bank/ RP.

Raising Interim Finance for companies under CIRP.

Promoting the sale of Corporate Debtor as a going concern.