• • Recovery of financial and operational debt in Delhi through insolvency
• • Drafting Insolvency Petition
• • Registering Your Case in NCLT, Delhi
• • Appearance of Advocates and arguments for the same
• • Final order from NCLT
• • Recovery of financial and operational debts from debtors

• • Advisory and monitoring services on insolvency and bankruptcy for debtors, creditors and other insolvency professionals.

• • Management of Corporate Affairs of Corporate Debtor
• • Determination of the debtor's financial position
• • instructions to financial institutions
• • Executing debtors' deeds, receipts and other documents
• • Execution of contracts and amendment of existing contracts where necessary.
• • Accessing Electronic Records with the Information Utility
• • Get and tally all claims
• • Constitution of the committee of creditors and conduct of its meetings
• • To supervise the assets of the debtor, including the control and custody of the property with ownership rights.
• • Coordination with information utility, where necessary.
• • Raise interim finance with the approval of the committee of creditors
• • Determination of voting share of creditors

• • Demand Notice (Form 3 & Form 4 - IBBI Rules)
• • company ledger
• • Copy of invoice showing proof of transaction between both the parties
• • Bank details of operational/financial creditors
• • Affidavit by Operating Creditor Section 9(3)(b)-IBBI Rules
• • acknowledgment of transaction between 2 parties
• • Copy of email exchanged between 2 parties
• • Copy of legal notice served by operational/financial creditor
• • Affidavit - Bank Certificate - (Section 9 of IBBI Rules) (Not Compulsory)

1. In case the financial creditor initiates the corporate insolvency resolution process, it should grant the financial credit and the loan should be legally assigned to him and transferred. The term "financial creditor" includes a bank, financial institution, home buyer, enterprise, corporate entity or company (Section 7 of the IBC).

As per sub-section (1) of the Act, the financial creditor may either himself or jointly with other financial creditors file an application against a corporate debtor to initiate the corporate insolvency resolution process, when any default has occurred .

The mediating authority will, inside 14 days of the receipt of the application under sub-segment (2), learn the presence of default from the records of the data utility or based on the proof outfitted by the monetary lender under sub-area (2). (3).

an omission has occurred and the application under sub-section (2) is completed, and no disciplinary proceedings are pending against the proposed resolution professional, it may, by order, allow such application; Or then again has not defaulted or the application under sub-segment (2) is inadequate or any disciplinary procedure is forthcoming against the proposed goal proficient, it might, by request, reject such application.

2. In case of initiation of corporate insolvency resolution process by the operational creditor, the operational creditor should give financial credit and the debt should be legally assigned and transferred to him. The term "operational creditor" includes manufacturers, traders, employees (Section 9 of the IBC).

After the expiry of a period of 10 days from the date of delivery of the notice or an invoice seeking payment under (1) of section 8, if the operating creditor does not receive the payment from the corporate debtor or the dispute under sub-section ( 2) Under section 8, the operational creditor may file an application before the Adjudicating Authority for initiating the CIRP process.

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