Insolvency and Bankruptcy Code (IBC) was authorized by both Houses of Parliament and received the Presidential assent in May 2016. Later on 01st December 2016, the Insolvency and Bankruptcy Code (IBC) was operationalized. IBC creates a new-found institutional framework, entailing a regulator, insolvency specialists, information functions and adjudicatory mechanisms, that will facilitate a formal and time-bound insolvency resolution and liquidation process.
With a panel of more than 15 IBBI registered insolvency professionals operating at a PAN India level, TRC is providing in-house expertise for taking care of all significant tasks/activities in the Resolution/Liquidation process including Compliances, Transactions, Operations, Supervision and Resolution.
TRC is further assisting resolution professionals by providing a wide array of ancillary services such as FAR Management, 29 A Verification, Collation of claims, evaluation of resolution plans and process advisory.
Insolvency & Bankruptcy Code 2016 (IBC) is aimed to be a game-changer in the Indian banking system, pursuing to deal with insolvency and liquidation procedures in a time-bound, competent, and effective manner. To abide by the terms of the Insolvency and Bankruptcy Act , insolvency professionals need to be equipped with legal skills. We at TRC Corporate Consulting can help you fulfil all statutory obligations in various ways.
Our consulting solutions include insolvency, turnaround, operational and corporate financial restructuring services. Our expert teams approach every kind of situation with unbiased understanding and respect. We, at TRC, understand that every business situation is different, and we have committed teams dedicated to specific specialized areas which ensure that you get only the right advice.
Our Insolvency And Bankruptcy Code professionals also offer support to resolution professionals for corporate debtor’s Corporate Insolvency Resolution Process, which includes handling the companies managerial and operational affairs.
With the legislation of the Insolvency & Bankruptcy Code (IBC) in 2016, TRC has put together a team of experienced and dedicated restructuring experts who have managed various distressed business operations successfully and handled numerous high-profile incidents. Some of TRC’s solutions include, but are not limited to:
We extend a partner-led, integrated consulting service that incorporates assessments, cost analysis, valuations, stakeholder management, tax advisory, and comprehensive step plans for effective delivery of the IBC process. Our Insolvency and Bankruptcy Code (IBC) advisory services facilitate organizations to safeguard shareholder value in the formal insolvency code proceedings as regulated under the Insolvency & Bankruptcy Code 2016.
We, at TRC Corporate Consulting, provide market-leading advisory and consulting services with a focus on strengthening recoveries, enhancing financial performance, and undertaking the essential structural and financing issues of an entity.
With the extensive expertise and success that our insolvency experts have gained from working with clients across industries, you can trust and rely on TRC delivered insolvency solutions. For any query, contact our team!