Practice Areas

While adequately acknowledging the specifications under the Insolvency and Bankruptcy Code, 2016, we offer assistance to perform as Interim Resolution Professionals or Resolution Professional for commencing and administering a Corporate Insolvency Resolution Process (‘CIRP’), and other services related to initiation and implementation of the CIRP. The scope of services of the group extends to operational creditors, financial creditors, corporate debtor, as well as the other stakeholders.

The scope of our assistance in representing a specific Financial Creditor or any Class of Creditors on the Committee of Creditors, encompasses the services mentioned under section 21 (6C) and section 21 (6A) (b) of the Insolvency & Bankruptcy Code, 2016 (IBC).

As Liquidators, we deliver all services such as preserving and protecting assets of the company, verifying claims of creditors, acquiring custody and control of the assets, executing liquidation for the benefits of all stakeholders, as specified under the Insolvency & Bankruptcy Code, 2016.

Our key responsibilities include support in claim verification, valuation of the assets of Corporate Debtor, conducting transactional record analysis and statutory audit, and handling compliances. We commit to communicate with all stakeholders to ensure that all important information is assessed, coordination for litigation is maintained and to ensure that the stakeholders, promoters and directors, and all personnel involved, are acquainted with the inception of the CIRP.

Our experts will carefully examine the resolution plan on IBC compliances, prepare agendas, minutes and information memorandums to be shared for all COC meetings, and manage the entire process for resolution plans, which includes preparation of RFRP, process documents, and evaluation matrix, assessment of the expression of interest, and completion of compliances.

The team is in-charge of interacting with all appointed experts and communicating, coordinating with them by providing the required information to complete the process on time with absolutely no setbacks.

Extend expert support to Banks in shortlisting matters for action under IBC. Advise Banks/Financial Institutions in shortlisting matters for action under IBC Vs SARFAESI.

Our partners while conducting themselves as process advisors for liquidation, their key responsibilities include preparing an objective for stakeholders meetings, communicating with stakeholders and conducting stakeholders meetings, verifying claims, appointing respective professionals for valuation of the assets of the corporate debtor, etc. Our aim is to bridge the gap between the Insolvency Professionals and the Stakeholders.

We extend professional and judicious advice to all stakeholders in the IBC ecosystem in order to adopt the best approach for the resolution process, where in the Corporate Debtor has committed default. Our team also has immense experience in advising clients who eager to invest in distressed assets through the CIRP /Pre-packaged insolvency resolution/ Liquidation route. Our Advisory business component ensures that we are mindful of our client’s investment strategy while we brace them through the entire process.

RRR group has on its panel many industry experts who are well-trained to take control of the assets and operation of the entity under insolvency, protect its business and assets and maintain control over all operations. The working knowledge of our partners, who are senior and stellar professionals, in varied segments of the industry holds paramount importance in maintaining control over all operations and business. As part of the process, the experts supervise operations of the entity under insolvency, depute security personnel, if required, at all key points to ensure protection of assets, visit key locations to take note of key businesses and operations, take pictures as records for maintaining an inventory and presenting it before the Committee of Creditors.

The expertise of our team and the vast professional network developed by them play a vital role in engaging potential lenders and investors who could become prospective resolution applicants in cases of Corporate Insolvency Resolution Process. 

Our team holds substantial experience in administering complex transactions which are essential for determining fund syndication and for raising funds from Special Situation Funds, investors, and NBFCs etc. for restructuring, takeover etc. of financially distressed entities. It is our responsibility to devise strategic advisory on navigating bankruptcies, acquisitions, debt restructurings, trading etc. Thus, we are experienced in raising Interim Finance for companies under CIRP.

Our team will aid you in formulating the application for and representing you before NCLAT and NCLT. Our team offers legal assistance to our clients, with the help of advocates, for commencing the Insolvency Resolution process. Over the years, our professionals have drawn experience from established alliance with reputed Legal firms to undertake cases with NCLT benches. We consider within our scope the responsibility of filing of CIRP application in Hon’ble NCLT, filing of pleadings, legal advisory and process advisory in CIRP matters.