Advisory Services

DRT and IBC advisory services are essential for corporate directors, creditors, and suspended directors in India who are facing financial distress or insolvency. The Debt Recovery Tribunal (DRT) and the Insolvency and Bankruptcy Code (IBC) provide a framework for resolving financial disputes and restructuring debt obligations of companies. DRT and IBC advisory services can assist companies in navigating the complex legal and regulatory landscape, and provide effective solutions to address their financial challenges.

Corporate directors are responsible for managing the affairs of the company and ensuring that it remains financially sound. However, in some cases, the company may face financial distress due to external factors such as market conditions, regulatory changes, or internal issues such as mismanagement, fraud, or non-compliance. When a company faces financial distress, corporate directors need to take appropriate measures to resolve the issues and protect the interests of the company and its stakeholders.

DRT and IBC advisory services can assist corporate directors in the following ways:

1. Financial Restructuring: DRT and IBC advisory services can help companies in restructuring their debt obligations to make them more manageable and sustainable. This may involve negotiating with creditors to reschedule payments, converting debt to equity, or restructuring the company’s operations to improve profitability.

2. Insolvency Proceedings: In some cases, companies may need to initiate insolvency proceedings under the IBC to resolve their financial issues. DRT and IBC advisory services can assist companies in navigating the complex legal and regulatory framework of the IBC, and provide guidance on the various options available for debt resolution and restructuring.

3. Legal Compliance: DRT and IBC advisory services can help companies in ensuring compliance with the various legal and regulatory requirements related to debt recovery, insolvency proceedings, and corporate governance. This includes preparing necessary documentation, filing necessary forms and applications, and ensuring timely compliance with regulatory requirements.

4. Negotiations with Creditors: DRT and IBC advisory services can assist companies in negotiating with creditors to resolve their financial disputes and reach an amicable settlement. This involves analyzing the financial position of the company, assessing the viability of the business, and developing a plan to restructure the company’s finances.

5. Litigation Support: In some cases, companies may need to initiate legal proceedings to recover their debts or defend themselves against legal actions initiated by creditors or other stakeholders. DRT and IBC advisory services can provide litigation support to companies by conducting legal research, preparing legal documents, and representing the company in court proceedings.

Creditors play a critical role in the debt recovery process, and have a vested interest in ensuring that their debts are recovered in a timely and efficient manner. However, creditors may face challenges in recovering their debts due to various reasons such as non-payment, defaults, or bankruptcy of the debtor. In such cases, creditors need to take appropriate measures to protect their interests and recover their debts.

DRT and IBC advisory services can assist creditors in the following ways:

1. Debt Recovery: DRT and IBC advisory services can assist creditors in recovering their debts from defaulting borrowers. This includes analyzing the financial position of the debtor, assessing the viability of the business, and developing a plan to recover the debts through negotiations, legal action, or other means.

2. Legal Compliance: DRT and IBC advisory services can assist creditors in ensuring compliance with the various legal and regulatory requirements related to debt recovery, insolvency proceedings, and corporate governance. This includes preparing necessary documentation, filing necessary forms and applications, and ensuring timely compliance with regulatory requirements.

3. Negotiations with Borrowers: DRT and IBC advisory services can assist creditors in negotiating with borrowers to resolve their financial disputes and reach an amicable settlement. This involves analyzing the financial position of the borrower, assessing the viability of the business, and developing a plan to restructure