• Matters like corporate insolvency resolution professionals, liquidation, Insolvency, and bankruptcy of individuals and partnership firms are handled by PA

• Under the supervision and guidance of The Insolvency and Bankruptcy Code, 2016 (IBC), PA helps the economy through the resolution of the units i.e. Corporate debtors, units under IBC, 2016, under financial stress, or personal insolvency and bankruptcy issues.

• Find a balance between stakeholders and the Committee of creditors, negotiates on behalf of lenders for the best possible recovery, and provides assistance to lenders in taking an informed decision.

• PA has an integral role in value maximization in the resolution process and acts as an interface between CoC, resolution professionals, and investors. 

Role of Process Advisors in Resolution Plan under IBC, 2016:

1. Advise the resolution process to carry out CIRP as per law by sharing their experience.

2. Keep up-to-date with amendments and latest developments

3. Advise on the detailed and appropriate process to be followed

4. Assisting the resolution professional in engaging various professionals at reasonable costs for the smooth conduct of CIRP.

5. Advice on the Insolvency and Bankruptcy Code, 2016 including the restructuring and insolvency process contemplated therein.

6. Advice in structuring and the legal and regulatory options and potential benefits of resolution

7. Advice and assistance in drafting, negotiating and finalizing relevant transaction documents, including applications, petitions, and resolutions.

8. Advice and assistance to directors and key managerial personnel on their liabilities and obligations arising out of restructuring and formal and informal insolvency processes.

9. Advice and assistance in formulating and structuring strategies for litigation and dispute resolution.

10. Advice and assistance in strategizing, drafting, negotiating, and finalizing documents for litigations and dispute resolutions, including applications, petitions, settlements, and compromises.

How will R.K Advisory & Consulting Group help you with issues related to the Process?

R.K Advisory & Consulting Group has a really good amount of Process Advisory expertise, you are able to remove obstacles and accomplish all the tasks associated with your business from start to finish. As such, they serve as the support system for your business and address the obstacles and problems that will come in the future with your business to stop your growth. Our advisors suggest all the ways to remove obstacles and grow your business fastly.