Insolvency Bankruptcy Services

Insolvency and Bankruptcy Services

Vijeta Sharma & Associates (VSA) assists debtors, creditors, and other insolvency professionals in matters of insolvency. Also, VSA advises and monitor corporate insolvency and bankruptcy proceedings.

• Coordinate the insolvency proceedings with the Insolvency and Bankruptcy Board of India
• Submitting a resolution plan to the regulatory authorities
• Assist in getting approvals from a committee of creditors
• Assist in seeking the extension of a corporate insolvency process beyond the due date of 180 days
• Assisting in liquidating the assets of the bankrupt company
• Representing the creditor in the meeting of the Committee of Creditors, where such creditors are members
• Representing the client before the tribunal
• Managing corporate affairs of debtors
• Determining the financial position of the debtor
• Receive and collate all the claims on the assets of the company
• Constituting a committee of creditors and conduct meetings regularly
• Monitoring the assets of the debtor including control and custody of assets with ownership rights
• Determining the voting rights of creditors
• Raise the interim finance with the approval of a committee of creditors
• Draft notices, responses to notices, agreements, information memoranda, resolution plans and other documents involved in the insolvency resolution process