We’ve served clients and causes since 1995.

RBZ has developed a team and have trained them for various finance and accounts related jobs during CIRP and Liquidation Process for the purpose of providing support to Insolvency Professionals who are partners of this Insolvency Professional Entity. Following are some of the jobs which can be highlighted for this team: –

# To understand the financial position of the Corporate Debtor and to prepare a list of assets and liabilities up to the date of commencement of CIRP or liquidation and to present the same before COC or Stakeholders.
# To analyze the financial statement of Corporate Debtor and various other financial and legal documents to understand the financial position, reasons for financial stress, remedies available, fund flow and cash flow of Corporate Debtor, the root cause of financial stress, etc.
# To supervise the accounts and finance function of the Corporate Debtor and keep a close watch on the cash flow from operations and to maintain accounts for CIRP cost.
# To co-ordinate with Internal auditors, statutory auditors and transactional auditors and provide them all the information to get timely reports from them.

All the above jobs are also done during the liquidation process for the Insolvency Professionals who are partners of RBZ and are appointed as liquidator. Similar services would also be provided in the case of Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms.

All the above jobs are also done during the liquidation process for the Insolvency Professionals who are partners of RBZ and are appointed as liquidator. Similar services would also be provided in the case of Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms.

# To issue Public Notice inviting Claims
# To receive claims of financial creditors, operational creditors, workmen and employees, claims for statutory dues, etc
# To collate claims and verify to the extent it is required during Corporate Insolvency Resolution Process; seek further details, documents and explanations from claimants for the purpose of verification
# To collate, verify and admit or reject claims with regards to category (secured or unsecured), priority u/s 53, determination and verification of security interest, inter-creditor arrangement over security interest, etc.
# To constitute Committee of Creditors and file a requisite report to Adjudicating Authority
# To assure physical and digital record keeping of claim documents to assure faster and correct retrieval as and when required.
# To continue to receive, collate and verify claims till the expiry of the claim acceptance period. 

All the above jobs are also done for liquidation process for the Insolvency Professional Partners of RBZ appointed as liquidator in any matter. Similar services would also be provided in the case of Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms..

RBZ has a very large team of human resources, who are trained and experienced for taking over physical and virtual control over the operations and assets of the Corporate Debtor from the existing Key Managerial Personnel (KMPs) and to maintain its control over the operations of Corporate Debtor and to protect the assets and businesses of the Corporate Debtor. Following is the process followed by the team for effective and timely control over the Corporate Debtor

# To visit all or key locations of the businesses or assets of the Corporate Debtor and identify the locations and assets
# To make an inventory of the assets or businesses of Corporate Debtor and make videos and take pictures for the purpose of records and presenting it before the Committee of Creditors members
# To depute security guards at key entry and exit points to assure protection of assets and to prevent any fraudulent or unauthorized removal of property of the Corporate Debtor
# To supervise the operations of Corporate Debtor and to do all such acts required for keeping the Corporate Debtor as a going concern.

All the above jobs are also done for the Insolvency Professional partners of RBZ appointed as liquidator in any matter. Similar services would also be provided in the case of Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms.

We provide professional and strategic advice to all stakeholders in the IBC ecosystem for the best course of action to be adopted for the resolution process in case of default by the Corporate Debtor.

RBZ has developed a large team responsible for conducting various functions of Corporate Insolvency Resolution Process. The team consists of law graduates, company secretaries, cost accountants, experienced commerce graduates, chartered accountants, experienced accountants, computer operators, etc. and provide full support to Insolvency Professionals who are partners of Insolvency Professional Entity. The following are the key jobs under this team: –

# To communicate with all stakeholders such as Committee of Creditor’s members, other claimants, promoters and directors, Key Managerial Personnel, statutory authorities, auditors, employees of Corporate Debtor, etc for the purpose of seeking information, informing them about the commencement of CIRP, coordinating for litigation.
# To appoint professionals and experts for the process such as Registered Valuers for valuation of the assets of the Corporate Debtor; Transactional Auditors for determination of avoidable transactions u/s 43, 45, 50 and 66 of the Code; internal auditors, if approved; statutory auditors, if required and approved; industry expert, process consultant, if required; etc. and to get their fee approved from Committee of Creditors.
# To maintain a penal of professionals after verification of key documents, antecedents and performance history for the purpose of their appointment for Corporate Debtors. RBZ maintain a penal of advocates, industry experts, auditors, forensic auditors, registered valuers, media agencies, security service providers, etc.
# To interact and coordinate with different professionals and experts appointed for the process and to provide the requisite information for completion of the job and to obtain their report.
# To convene the Committee of Creditors meetings and to prepare all notices, agenda, information to be shared with COC, minutes, etc and to act as a bridge between Committee of Creditors and the Insolvency Professional.
# To prepare and compile Information Memorandum and co-ordinate for all the information required. To keep the Information Memorandum updated with adding all that information which is important for understanding the Corporate Debtor for the purpose of submission of Resolution Plan.
# To conduct the entire process of an invitation of Resolution Plans such as the release of Expression of Interest, preparation of RFRP, bid evaluation matrix, eligibility criteria and other documents for receipt, examination and presentation of Resolution Plans for the approval of Committee of Creditors.

The partners of RBZ are being appointed as liquidator during Liquidation Process and Voluntary Liquidation Process and would also be appointed as Bankruptcy Trustee after the provisions of Individual bankruptcy are notified. RBZ has separated the function of Liquidation Process and have trained a separate batch of human resources for the handling of Liquidation Process. Following are the key responsibilities of the Liquidation Process team:

# To communicate with all stakeholders such as Stakeholders Consultative Committee, other claimants, promoters and directors, Key Managerial Personnel, statutory authorities, auditors, employees of Corporate Debtor, etc for the purpose of seeking information, informing them about the commencement of Liquidation Process.
# To appoint professionals such as Registered Valuers for valuation of the assets of the Corporate Debtor; auditors for receipt and payment account, brokers for the sale of assets and even for selling the Corporate Debtor as going concern
# To maintain a penal of professionals after verification of key documents, antecedents and performance history for the purpose of their appointment for Corporate Debtors. RBZ maintain a penal of advocates, auditors, registered valuers, media agencies, security service providers, etc. to be used for Liquidation Process.
# To interact and coordinate with different professionals appointed for the process and to provide the requisite information for completion of the job and to obtain their report.
# To convene Stakeholders Consultation Meetings and to prepare all notices, agenda, minutes, etc and to act as a bridge between stakeholders and the Insolvency Professional.
# To prepare and compile Asset Memorandum, Preliminary Reports, Progress Reports and co-ordinate for all the information required.
# To conduct the entire process e-auction process for sale of assets, preparation of e-auction document, keep the virtual data room, verify eligibility of bidder under section 29A and other documents for receipt and examination of bids. To issue a letter of intent and sale certificate and distribute the funds to stakeholders.

ASSET SALE: Given the vast Insolvency experience and associated business networks developed by our Senior IPs , we as a team have substantial access to potential investors and Special Situation Lenders who could be potential resolution applicant in any CIRP matters. IBC Acquisition Strategy Advisory for resolution applicants for acquisition of assets / entities through the CIRP / Liquidation process. We advise clients who are looking to invest in distressed assets though the CIRP / Liquidation route. Their investment strategy as well as handholding them through the process is part of our Advisory business.

Identification of prospective resolution applicants, investors, lenders.

ASSET ACQUISITION:

Preparation of resolution plans and representations of resolution applicant before RP, CoC , NCLT We provide consultation to Corporates for Preparation of RFRPs, Evaluation Matrix , Process Documents. Our team of experts will help the resolution applicant to prepare an appropriate Resolution Plan for the business entity under CIRP.

As per Section 5(26) of the IBC, "Resolution Plan" means a plan proposed by any person for Insolvency Resolution of the Corporate Debtor as a going concern. A resolution plan is prepared on the basis of the Information Memorandum given by the Resolution Professional.

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Liquidation Process is all about selling the assets of the Corporate Debtor and distributing the sale proceeds to stakeholders. The liquidator, in the normal course, gets better remuneration if the assets are sold in the first six months and his remuneration diminishes on every sale after the first six months. Therefore, AAAIP has made special arrangements for efficient and faster sale of assets of Corporate Debtor during the Liquidation Process. Following are the key deliverables of the Asset Sale team to partners of AAAIP: –
# Asset Sale Team prepare brief details of each asset and collect all the title documents and other details for proper due diligence of prospective buyers.
# The assets sale is advertised on various online portals for sale of assets such as property portals, vehicle sale portals, scrap sale portals, etc. and common digital mobile number is used for all the portals. The same common mobile number is used for various other publicity efforts for sale of assets such as banners, new paper inserts, new paper advertisements, bulk emails, bulk sms, etc.
# The leads generated out of all efforts are captured in software and all the leads are attended regularly to develop them as a bidder. Human resources posted are various cities co-ordinate for inspection of the asset by the prospective bidders.
# The team also create a Virtual Data Room (VDR) for uploading all the relevant documents, title papers, list of assets, etc for faster transfer of information to prospective bidders.

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There are situations during the CIRP and Liquidation Process that Insolvency Professionals would urgently require human resources to be posted at Corporate Debtor’s business. AAAIP has developed full-fledged department for recruitment and appraisal of human resources with a large database of industry experts and retired bankers who can be posted to monitor cash flow at Corporate Debtor

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AAAIP has an in-house IT department responsible for hardware and software maintenance. The team is also responsible for uploading various documents on the IBBI website and on the website of Corporate Debtor.

AAAIP has made in-house arrangements for state-of-the-art video conferencing capable of having a video conference call with more than 10 participants and also share files on the screen simultaneously. It has also made in-house arrangements for video recording of proceedings of any meeting of Committee of Creditors or Stakeholders. All these support services are available for partners of Insolvency Professional Entity. 

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