/ IBC

IP’s to update 16-digit NCLT filing No in all IP Assignments

Principles of Preferential Transactions 

Insolvency professional’s to update 16-digit NCLT filing No in all IP Assignments

It is compulsory for the Insolvency professional to update sixteen-digit National Company Law Tribunal filing No in all assignments handled by IP’s & same has been approved by IBBI.

In order to facilitate the same a tab had been provided under each CD in the Insolvency professional Dashboard.  All Insolvency professional’s were requested to login to their “Insolvency professional LOGIN” & update National Company Law Tribunal filing number of the respective Corporate Debtors handled by Insolvency professional by clicking the tab “ADD Filling Number” by extended date of 6th of October, 2023.

But, Insolvency professionals still email to IBBI regarding some issues they face in updating the filing number.  The IPs who could not update the filing No are requested to file National Company Law Tribunal filing No in the google form by clicking the following link for all assignments handled by them. Click here to report filing No issue. Since some updating in module have been done,

IBBI directed to Insolvency professional’s who have reported their issues vide email, may try to file the e-filing No again now & report issues, if any, through google form.

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  • Our in-depth understanding of the IBC 2016 and related regulations ensures all processes are compliant and efficient. We offer tailored solutions and dedicated support to each IP, ensuring personalized service and attention to detail. From CIRP to liquidation and personal insolvency, we cover all aspects, providing a one-stop solution for all insolvency-related needs. Our team of legal and financial experts brings extensive experience and a proven track record in insolvency and bankruptcy proceedings.

Our Services

Corporate Insolvency Resolution Process (CIRP) Support

We provide comprehensive support to IRPs and RPs throughout the CIRP. Our services include:

  • Expression of Interest (EOI) Documents Preparation: Drafting and compiling the necessary documents to invite and evaluate potential resolution applicants.
  • Committee of Creditors (CoC) Constitution Report: Preparing detailed reports for the formation and management of the CoC.
  • Information Memorandum (IM): Developing and maintaining the IM, ensuring it includes all relevant details for potential investors.
  • Request for Resolution Plan (RFRP): Drafting RFRPs to invite resolution plans from interested parties.
  • CoC Meetings Coordination: Assisting in organizing, convening, and holding CoC meetings, including agenda preparation, minutes recording, and regulatory compliance.

Liquidation Process Support

During the liquidation process, our expert team aids Liquidators with:

  • Preliminary Report Preparation: Drafting the initial report outlining the company’s assets, liabilities, and claims.
  • Asset Memorandum: Creating a detailed inventory of the corporate debtor’s assets for liquidation.
  • Progress Reports: Regularly updating and filing progress reports as per IBC requirements.
  • E-Auction Process Document: Preparing comprehensive documentation for conducting electronic auctions of the debtor’s assets.
  • Regulatory Compliance: Ensuring all actions taken during liquidation comply with IBC 2016 and subsequent regulations.

Personal Insolvency Process Support

We extend our specialized services to support the personal insolvency process, including:

  • Section 99 Reports Drafting & Filing: Preparing and submitting detailed reports as required under Section 99 of the IBC.
  • Public Announcements Post Section 100 Order: Making necessary public announcements following the issuance of a Section 100 order.
  • Stakeholder Communication: Managing communications with creditors and other stakeholders.
  • Creditors List Preparation: Compiling and filing a comprehensive list of creditors with the Adjudicating Authority (AA).
  • Compliance Management: Handling all related compliances to ensure adherence to IBC norms.

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