Stressed enterprises can also turnaround their finances and credibility if the right professional gives proper guidance at the right time. Masterbrains empaneled professionals employ turnaround strategies and restructuring strategies for revival of stressed enterprises. They will analyse the stressed enterprise and its processes to suggest the best possible strategy for its revival.
We will identify Insolvency Resolution Professional or Resolution Professional (IRP or RP) if an entity has applied for insolvency or liquidation proceedings under Insolvency Bankruptcy Code 2021 (IBC). IRP or RP shall prepare a resolution plan, draft demand notice for financial creditors under IBC or other creditors, filing insolvency petitions, etc.
IRP or RP may require various expert opinions to render the Insolvency services. We have a team of empaneled professionals from all walks of finance, tax, and law fields. They can provide requisite support to the IRP during the insolvency process. Masterbrains consultants can provide the following to facilitate the work of insolvency professionals:
vetting of resolution plan prepared by IRP or RP.
preparation/submission of claims by creditors before RP, etc.
National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal are the legal mechanisms available to companies. They give an opportunity of being heard to companies. Masterbrains will identify the consultant for representation before NCLT and NCLAT for any ‘Insolvency and Bankruptcy Code 2021 Matters’ and preparation/research the case.
Corporates, while taking loans, may have furnished the details of their directors as personal guarantors. During Insolvency or Liquidation process, the banks may invoke this guarantee to recover their amounts. Amongst the various insolvency services offered by Masterbrains, one is identifying the right counsel for preparation, drafting, and representation of the case of the personal guarantors of loans undertaken by the corporate.
We are a Delhi based Consultancy aiming to provide a host of Financial, Legal, and Taxation consultancy services.