{"id":25416,"date":"2023-09-09T23:00:16","date_gmt":"2023-09-09T17:30:16","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=25416"},"modified":"2025-03-01T14:11:10","modified_gmt":"2025-03-01T08:41:10","slug":"cirp-liquidation-voluntary-liquidation-fast-track-process","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/cirp-liquidation-voluntary-liquidation-fast-track-process\/","title":{"rendered":"Comparison in CIRP, Voluntary, liquidation &#038; FTP Process"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d1c3a300e11\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d1c3a300e11\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/cirp-liquidation-voluntary-liquidation-fast-track-process\/#Comparison_between_CIRP_process_Liquidation_process_Voluntary_liquidation_processes_%E2%80%93_Section_59_and_Fast_track_process\" title=\"Comparison between CIRP process, Liquidation process, Voluntary liquidation processes &#8211; Section 59, and Fast track process\">Comparison between CIRP process, Liquidation process, Voluntary liquidation processes &#8211; Section 59, and Fast track process<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/cirp-liquidation-voluntary-liquidation-fast-track-process\/#Our_Services_Related_To_IBC\" title=\"Our Services Related To IBC\u00a0\">Our Services Related To IBC\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-25417\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/09\/Comparison-between-CIRP-Liquidation-Voluntary-liquidation-processes-Fast-track.jpg\" alt=\"Comparison between CIRP, and Other Process \" width=\"1060\" height=\"707\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/09\/Comparison-between-CIRP-Liquidation-Voluntary-liquidation-processes-Fast-track.jpg 550w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/09\/Comparison-between-CIRP-Liquidation-Voluntary-liquidation-processes-Fast-track-300x200.jpg 300w\" sizes=\"(max-width: 1060px) 100vw, 1060px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Comparison_between_CIRP_process_Liquidation_process_Voluntary_liquidation_processes_%E2%80%93_Section_59_and_Fast_track_process\"><\/span><span style=\"color: #000080;\"><strong>Comparison between CIRP process, Liquidation process, Voluntary liquidation processes &#8211; Section 59, and Fast track process<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"height: 6132px;\" width=\"1018\">\n<tbody>\n<tr>\n<td width=\"26\">S. No .<\/td>\n<td width=\"67\">Action<\/td>\n<td width=\"134\">Particular of IBC<\/td>\n<td width=\"103\">CIRP<\/td>\n<td width=\"85\">Liquidation process<\/td>\n<td width=\"119\">Voluntary liquidation processes &#8211; Section 59<\/td>\n<td width=\"126\">Fast track process<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Appplicablity<\/td>\n<td width=\"134\">Who can apply<\/td>\n<td width=\"103\">FC \/ OC \/ CD<\/td>\n<td>Max period of CIRP is over \/ AA rejects the plan \/ COC before submission of R.plan decides to liquidate with 90% \/ where the R.plan is contravened by CD<\/td>\n<td>Debtor, affidevit by majority of Directors of full enquiry with \/ can pay the debt &amp; not to defraud. Accompanies with 2 year FS &amp; valuation report. Passing of Special Resolution in 4 weeks and approval from creditors with 2\/3 rd in value withing 7 days of the Special resolution<\/td>\n<td width=\"126\">a corporate debtor with assets and income below a level as may be notified by the Central Government; or a corporate debtor with such class of creditors or such amount of debt as may be notified by the C Govt; or such other category of corporate persons as may be notified by the Central Government.<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Appplicablity<\/td>\n<td width=\"134\">Commencement date<\/td>\n<td width=\"103\">Date of acceptance by AA or appointment of IR<\/td>\n<td><\/td>\n<td>From date of resolution<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Appplicablity<\/td>\n<td width=\"134\">Acceptance \/ Rejection<\/td>\n<td width=\"103\">14 days &amp; 7 days respectively by AA<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Appplicablity<\/td>\n<td width=\"134\">Appointment criteria<\/td>\n<td width=\"103\">auditor &#8211; no, L&amp;C 5% or more in last 3 years, Independent<\/td>\n<td width=\"85\">auditor &#8211; no, L&amp;C 10% or more in any of the 3 years, Independent<\/td>\n<td width=\"119\">auditor &#8211; no, L&amp;C 10% or more in last 3 years, Independent<\/td>\n<td width=\"126\">auditor &#8211; no, L&amp;C 10% or more in last 3 years, Independent<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Appointment<\/td>\n<td width=\"134\">Appointment of IRP &#8211; name proposed<\/td>\n<td width=\"103\">Notice &#8211; 7 days, appointment &#8211; 10 days<\/td>\n<td><\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Appointment<\/td>\n<td width=\"134\">Appointment of IRP &#8211; not proposed<\/td>\n<td width=\"103\">Notice &#8211; 7 days, appointment &#8211; 10 days<\/td>\n<td><\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Closure<\/td>\n<td width=\"134\">Max time period<\/td>\n<td width=\"103\">180 + 90 days (max 1 extension)<\/td>\n<td>2 years<\/td>\n<td width=\"119\">6 months distribution, 1 year completion<\/td>\n<td width=\"126\">90 + 45 days (max 1 extension)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Monetorium<\/td>\n<td width=\"134\">Intrim monetorium<\/td>\n<td width=\"103\">NA<\/td>\n<td><\/td>\n<td>NA<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Monetorium<\/td>\n<td width=\"134\">Monetorium<\/td>\n<td width=\"103\">Till the date of Resolution plan approval<\/td>\n<td><\/td>\n<td>NA<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Public Notice<\/td>\n<td width=\"134\">Public notice<\/td>\n<td width=\"103\">IRP<\/td>\n<td>Liquidator<\/td>\n<td>Liquidator<\/td>\n<td>IRP<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Public Notice<\/td>\n<td width=\"134\">Form<\/td>\n<td width=\"103\">Form A<\/td>\n<td width=\"85\">Form B Schedule II<\/td>\n<td>Form A<\/td>\n<td>Form A<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Public Notice<\/td>\n<td width=\"134\">Public notice<\/td>\n<td width=\"103\">3 days of appointment<\/td>\n<td width=\"85\">5 days of appointment<\/td>\n<td width=\"119\">5 days of appointment<\/td>\n<td width=\"126\">3 days of appointment<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Public Notice<\/td>\n<td width=\"134\">Publicshed at<\/td>\n<td width=\"103\">Leading news paper (English &amp; Local),<br \/>\nRegisted \/ principle office\/ corporate debtor conducts material business<br \/>\noperations;<br \/>\nWebsite of corporate debtor<br \/>\nWebsite of IBBI<\/td>\n<td>Leading news paper (English &amp; Local),<br \/>\nRegisted \/ principle office \/ corporate debtor conducts material business<br \/>\noperations<br \/>\nWebsite of corporate debtor<br \/>\nWebsite of IBBI<\/td>\n<td width=\"119\">Leading news paper (English &amp; Local),<br \/>\nRegisted \/ principle office<br \/>\nWebsite of corporate debtor<br \/>\nWebsite of IBBI<\/td>\n<td width=\"126\">Leading news paper (English &amp; Local),<br \/>\nRegisted \/ principle office<br \/>\nWebsite of corporate debtor<br \/>\nWebsite of IBBI<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Register claims<\/td>\n<td width=\"103\">14 days &amp; verify in 7 days, max upto 90 date from ICD<\/td>\n<td>30 days &amp; verify in 30 days, 14 days withdraw<\/td>\n<td>30 days &amp; verify in 30 days &#8211; claim to be lodged by email by FC<\/td>\n<td>10 days &amp; verify it in 7 days<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Cost of public announcement<\/td>\n<td width=\"103\">Applicant<\/td>\n<td>Applicant<\/td>\n<td>Applicant<\/td>\n<td>Applicant<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Foreign currency<\/td>\n<td width=\"103\">ICD date @ RBI<\/td>\n<td>LCD date @ RBI<\/td>\n<td>LCD date @ RBI<\/td>\n<td>FCD date @ RBI<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Verification of claims<\/td>\n<td width=\"103\">7 days from last date of registration of claim<\/td>\n<td>30 days<\/td>\n<td>30 days<\/td>\n<td>7 days<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">COC<\/td>\n<td width=\"103\">FC or 18 largest OC by value + 1 rep of workmen + 1 rep of emp<\/td>\n<td width=\"85\">Stakeholder list to be prepared in 45 days from receipts of claim<\/td>\n<td width=\"119\">Stakeholder list to be prepared in 45 days from receipt of claim<\/td>\n<td width=\"126\">FC or 18 largest OC by value + 1 rep of workmen + 1 rep of emp<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Formation date of COC<\/td>\n<td width=\"103\">2 days of claim verification &amp; 7 days 1 meeting of COC<\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\">21 days from appointment, first meeting in 7 days<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Quorum<\/td>\n<td width=\"103\">33% to call the meeting<\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\">33% to call the meeting<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Notice time<\/td>\n<td width=\"103\">5 days<\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\">7 days notice<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Summoning \/ COC<\/td>\n<td width=\"103\"><\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Basis classes of creditor<\/td>\n<td width=\"103\">2 IP per class<\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\">1 IP per class<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Claims \/ COC<\/td>\n<td width=\"134\">Change in committee<\/td>\n<td width=\"103\">2 days<\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Reports<\/td>\n<td width=\"134\">Pref transaction<\/td>\n<td width=\"103\">Related party, 2 years (Form Opinion in 75 days &amp; Determine in 115 days, apply to AA in 135 days)<\/td>\n<td><\/td>\n<td>Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Reports<\/td>\n<td width=\"134\">Preliminary report \/ asset memo<\/td>\n<td width=\"103\">NA<\/td>\n<td>75 days from LCD<\/td>\n<td>45 days from LCD<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Reports<\/td>\n<td width=\"134\">Resolution plan<\/td>\n<td width=\"103\">5 days from provisional list, to be submitted 15 days before closure<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\">To be submitted 15 days before 90 days<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Reports<\/td>\n<td width=\"134\">Information memo<\/td>\n<td width=\"103\">2 weeks of appointment of RP but not later than 54 days<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\">2 weeks<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Reports<\/td>\n<td width=\"134\">Discharge order<\/td>\n<td width=\"103\"><\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">RP<\/td>\n<td width=\"134\">Replacement of RP<\/td>\n<td width=\"103\"><\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">RP<\/td>\n<td width=\"134\">Casual vacany<\/td>\n<td width=\"103\"><\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">RV<\/td>\n<td width=\"134\">No. of RV<\/td>\n<td width=\"103\">2 RV or 3 RV, withing 7 day max 47 days<\/td>\n<td>working of CIRP is useful or 7 days<\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">RV<\/td>\n<td width=\"134\">Written consent of proposed RV<\/td>\n<td width=\"103\">Form AA<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Finalisation<\/td>\n<td width=\"134\">Preservation<\/td>\n<td width=\"103\"><\/td>\n<td>8 years (physical \/ electronic both)<\/td>\n<td width=\"119\">8 years (physical \/ electronic both)<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Forms<\/td>\n<td width=\"134\">Financial Creditor<\/td>\n<td width=\"103\">Form 1 + 25000<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Forms<\/td>\n<td width=\"134\">Confirmation by IIP<\/td>\n<td width=\"103\">Form 2<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td width=\"126\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Forms<\/td>\n<td width=\"134\">Demand Notice<\/td>\n<td width=\"103\">Form 3<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Forms<\/td>\n<td width=\"134\">Notice + Invoice<\/td>\n<td width=\"103\">Form 4<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Forms<\/td>\n<td width=\"134\">Operational Creditor<\/td>\n<td width=\"103\">Form 5 + 2000<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Forms<\/td>\n<td width=\"134\">Corporate applicant<\/td>\n<td width=\"103\">Form 6 + 25000<\/td>\n<td><\/td>\n<td width=\"119\">Not Applicable<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Stake Holders<\/td>\n<td width=\"103\">&#8211;<\/td>\n<td>A<\/td>\n<td width=\"119\">&#8211;<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Public Advertismenet<\/td>\n<td width=\"103\">A<\/td>\n<td>B<\/td>\n<td width=\"119\">A<\/td>\n<td>A<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Written consent of the\u00a0 RP<\/td>\n<td width=\"103\">AA<\/td>\n<td>&#8211;<\/td>\n<td width=\"119\">&#8211;<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Written consent of the AR<\/td>\n<td width=\"103\">AB<\/td>\n<td>&#8211;<\/td>\n<td width=\"119\">&#8211;<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Operational Creditors<\/td>\n<td width=\"103\">B (in person \/ post \/ electronic)<\/td>\n<td>C<\/td>\n<td width=\"119\">B<\/td>\n<td>B<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Financial Creditors<\/td>\n<td width=\"103\">C (electronic)<\/td>\n<td width=\"85\">D<\/td>\n<td width=\"119\">C<\/td>\n<td>C<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Class of creditors<\/td>\n<td width=\"103\">CA (electronic)<\/td>\n<td width=\"85\">&#8211;<\/td>\n<td width=\"119\">&#8211;<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Workmen and Employees<\/td>\n<td width=\"103\">D (in person \/ post \/ electronic)<\/td>\n<td width=\"85\">E<\/td>\n<td width=\"119\">D<\/td>\n<td>D<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">representatives of Workmen<\/td>\n<td width=\"103\">E<\/td>\n<td width=\"85\">F<\/td>\n<td width=\"119\">E<\/td>\n<td>E<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">other stake holders<\/td>\n<td width=\"103\">F (in person \/ post \/ electronic)<\/td>\n<td width=\"85\">G<\/td>\n<td width=\"119\">F<\/td>\n<td>F<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Withdrawal of Application<\/td>\n<td width=\"103\">FA<\/td>\n<td width=\"85\">&#8211;<\/td>\n<td width=\"119\">&#8211;<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Invitation for EOI \/ RP<\/td>\n<td width=\"103\">G<\/td>\n<td width=\"85\"><\/td>\n<td width=\"119\"><\/td>\n<td>G<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Submission<\/td>\n<td width=\"134\">Compliance Certificate<\/td>\n<td width=\"103\">H<\/td>\n<td width=\"85\">H<\/td>\n<td width=\"119\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Transactions<\/td>\n<td width=\"134\">Fraud Transaction<\/td>\n<td width=\"103\">&gt; 2 year (forensic)<\/td>\n<td width=\"85\"><\/td>\n<td width=\"119\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Transactions<\/td>\n<td width=\"134\">Other Transaction<\/td>\n<td width=\"103\">Upto 2 year<\/td>\n<td width=\"85\"><\/td>\n<td width=\"119\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Closure<\/td>\n<td width=\"134\">Dissolution letter<\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\"><\/td>\n<td width=\"119\">14 days<\/td>\n<td>7 days<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\">Closure<\/td>\n<td width=\"134\">Time frame<\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">2 year<\/td>\n<td width=\"119\">min, 12 months<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Reports to be Prepared<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Preliminary Report<br \/>\nCapital structure<br \/>\nestimate of A&amp;L<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Progress Report &#8211; 15 days (must include asset sale report)<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Asset Sale Report<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Final Report<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Onerous property &#8211; withinh 6 months from LCD to be informed to AA<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\">Liquidator to inform his intention to the interested person within 1 month<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td width=\"67\"><\/td>\n<td width=\"134\"><\/td>\n<td width=\"103\"><\/td>\n<td width=\"85\"><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Other Popular blog:-<\/strong><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/overviews-of-principles-of-avoidable-preferential-transactions-ibc-2016\/\">Overviews of Principles of Avoidable Preferential Transactions IBC-2016<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/services\/how-does-the-role-of-resolution-professional-help.php\">How does the Role of Resolution Professional help under IBC<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/learn\/quick-review-on-insolvency-and-bankruptcy-code.html\">quick overview of IBC<\/a><\/p>\n<p><span style=\"color: #000080;\"><strong>Popular blog:-\u00a0<\/strong><\/span><strong>You may also know more about 29A certificate\u00a0<\/strong><\/p>\n<ul>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/learn\/section-29a-certification-services-under-ibc.html\">29A Cerificate under the IBC law<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/section-29a-of-ibc-2016\/\">Related party under section 29a of ibc Code<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/publications\/ibc-laws-critical-analysis-of-section-29a-of-the-code.pdf\">Section 29A of IBC act<\/a><\/span><\/li>\n<li><a href=\"https:\/\/carajput.com\/press-releases\/ibbi-uploading-of-judicial-orders-related-to-ibc-proceedings-by-ip.pdf\">IBBI: Uploading of judicial orders related to IBC Proceedings by IP &#8211; <\/a><a href=\"https:\/\/ibbi.gov.in\/uploads\/legalframwork\/ef3fb678992457e435db462881bfd258.pdf\">Link\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/overviews-of-principles-of-avoidable-preferential-transactions-ibc-2016\/\">Overviews of Principles of Avoidable Preferential Transactions IBC-2016<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/services\/how-does-the-role-of-resolution-professional-help.php\">How does the Role of Resolution Professional help under IBC<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/quick-review-on-insolvency-and-bankruptcy-code.html\">quick overview of IBC<\/a><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/archives\/ip-hand-book-on-best-practices-during-cirp-process-under-ibc-code.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/ip-hand-book-on-best-practices-during-cirp-process-under-ibc-code.pdf\">IP Hand book on Best Practices during CIRP Process under IBC Code<\/a><\/strong><\/li>\n<li><a href=\"https:\/\/carajput.com\/archives\/fee-payment-structure-of-iibbi-fees-payable-to-the-ibbi-board.pdf\"><span style=\"color: #000080;\"><strong>Fee Payment structure of IBBI fees payable to the IBBI \/ Board<\/strong><\/span><\/a><\/li>\n<li><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/sale-as-going-concern-under-liquidation\/\">Sale as Going concern under liquidation\u00a0<\/a><\/strong><\/span><\/li>\n<li><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/\">Liquidator fees to be paid CIRP Regulations<\/a><\/strong><\/span><\/li>\n<li><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/liquidation-process-for-cd-under-ibc\/\">Liquidation Process for CD under IBC\u00a0<\/a><\/strong><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/ibc-forms-insolvency-and-bankruptcy-code-2016-forms-demand-notices-returns\/\"><strong>IBC Forms Insolvency and Bankruptcy Code 2016 Forms Demand Notices Returns<\/strong><\/a><\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Our_Services_Related_To_IBC\"><\/span><span style=\"color: #000080;\"><strong>Our Services Related To IBC\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We take this opportunity to introduce\u00a0Rajput Jain and associates<strong>,\u00a0<\/strong>a management consultancy firm providing strategic advisory services across following verticals:<\/p>\n<table style=\"height: 763px;\" width=\"1125\">\n<tbody>\n<tr>\n<td width=\"264\"><strong>Valuation Advisory Services (VAS)<\/strong><\/td>\n<td width=\"186\"><strong>IBC Advisory Services (IAS)<\/strong><\/td>\n<td width=\"272\"><strong>Financial Research and Analysis (FRA)<\/strong><\/td>\n<td width=\"144\"><strong>\u00a0CA Certification and Other Services\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"264\">Valuation under IBC, 2016<\/td>\n<td width=\"186\">CIR Process<\/td>\n<td width=\"272\">Primary\/ Secondary\u00a0 Company Research<\/td>\n<td width=\"144\">CIRP Audit<\/td>\n<\/tr>\n<tr>\n<td width=\"264\">Startup Valuation\/ Ind AS Valuation<\/td>\n<td width=\"186\">Liquidation process<\/td>\n<td width=\"272\">Portfolio Management<\/td>\n<td width=\"144\">29A certificate<\/td>\n<\/tr>\n<tr>\n<td width=\"264\">M&amp;A Valuation\/ Purchase Price Allocation Study<\/td>\n<td width=\"186\">Voluntary Liquidation Process<\/td>\n<td width=\"272\">Due Diligence<\/td>\n<td width=\"144\">Financial Bid evaluation before 29A Due Diligence<\/td>\n<\/tr>\n<tr>\n<td width=\"264\">Share\/Company\/ Business\/ Financial Asset Valuation<\/td>\n<td width=\"186\">Prepackaged\/ Individual Insolvency<\/td>\n<td width=\"272\">Stock<br \/>\nPicking<\/td>\n<td width=\"144\">Resolution Plan preparation<\/td>\n<\/tr>\n<tr>\n<td width=\"264\">Intangible Asset (Brand, Trademark, Customer Relationship, etc.) Valuation<\/td>\n<td width=\"186\">CD operation, Account &amp; finance, Compliance, Technical Services<\/td>\n<td width=\"272\">Primary\/ Secondary Industry Research<\/td>\n<td width=\"144\">Accounting and taxation Services for CIPR Care<\/td>\n<\/tr>\n<tr>\n<td width=\"264\">Fairness Opinion<\/td>\n<td width=\"186\">Advisory to CoC<\/td>\n<td width=\"272\">Extensive Report Writing<\/td>\n<td width=\"144\">&nbsp;<\/p>\n<p>Accounting and taxation Services for Liquidation Matter<\/td>\n<\/tr>\n<tr>\n<td width=\"264\">Techno Economic Viability Study, etc.<\/td>\n<td width=\"186\">Building Resolution Plan, etc.<\/td>\n<td width=\"272\">Price Stock Price Discovery, etc.<\/td>\n<td width=\"144\">Arranging Prospective Buyer for CIRP and Liquidation matter<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Listing &amp; auction platform eBKray is now live on the IBBI portal. You can access the same by the link provided here &#8211; <a title=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=CownkGRGniX6CzWsLffWy3s3YCv_xf195W7lweTaSIH5rk1DKW6vCcHuRE05d5ioQS8nuqyxD1xKvVY9-dDFTm-1-p17Av0rynHh3MWvJAi5qe5Z3zylwbE1LC3WvwzA\" href=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=CownkGRGniX6CzWsLffWy3s3YCv_xf195W7lweTaSIH5rk1DKW6vCcHuRE05d5ioQS8nuqyxD1xKvVY9-dDFTm-1-p17Av0rynHh3MWvJAi5qe5Z3zylwbE1LC3WvwzA\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"0\">https:\/\/ibbi.gov.in\/en\/home\/psb-alliance<\/a>.<\/p>\n<p data-olk-copy-source=\"MessageBody\">i. Link for eBKray_Listing &amp; Auction Platform &#8211;\u00a0<a title=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=R16SivHQhfN17kwEQyxgHBi889nlfswaRMQnO39jv9-XoN3z87bCvhNiVFZ5dOkDFFPJaNSu3DiPhlg99Jh3oLRBFHLLSKobxj_VycIk0Gx799SbZ9NSYtjfH7oaqtVB\" href=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=R16SivHQhfN17kwEQyxgHBi889nlfswaRMQnO39jv9-XoN3z87bCvhNiVFZ5dOkDFFPJaNSu3DiPhlg99Jh3oLRBFHLLSKobxj_VycIk0Gx799SbZ9NSYtjfH7oaqtVB\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"1\">https:\/\/ebkray.in\/<\/a><\/p>\n<p>ii. eBKray_Listing Guide for Insolvency Professionals (As on 29.10.2024) &#8211;\u00a0<a title=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=yEbQU485j4_N0yjmCx9ylwzqyPJIR9ZZ07-G6_bjV2BSNOWVtK0CaT51sVLgiDizQLYyyVUeUwGWWzxTsRJk-fTLGnVyz6luMBKTDxuAMxtf_WVkpkE5_7ew-pptQM_B\" href=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=yEbQU485j4_N0yjmCx9ylwzqyPJIR9ZZ07-G6_bjV2BSNOWVtK0CaT51sVLgiDizQLYyyVUeUwGWWzxTsRJk-fTLGnVyz6luMBKTDxuAMxtf_WVkpkE5_7ew-pptQM_B\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"2\">https:\/\/ibbi.gov.in\/uploads\/psb_alliance\/Listing%20Guide%20for%20Insolvency%20Professionals%20(As%20on%2029.10.2024.pdf<\/a><\/p>\n<p>iii. eBKray_Auction guide for Insolvency Professionals (As on 29.10.2024) &#8211;\u00a0<a title=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=VP5vk6fEYJagsGfkCE4FuNpYHw1qNf_P99Tqo1xkMzXcu0_xpBwqXfZNzFCyrm1UNXJUxFqFkHygHX2dJ5cq-TwZXvy_-wIlu5bdhu8k7q1fHdgIX5ZhpvqGZotFxIJG\" href=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=VP5vk6fEYJagsGfkCE4FuNpYHw1qNf_P99Tqo1xkMzXcu0_xpBwqXfZNzFCyrm1UNXJUxFqFkHygHX2dJ5cq-TwZXvy_-wIlu5bdhu8k7q1fHdgIX5ZhpvqGZotFxIJG\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"3\">https:\/\/ibbi.gov.in\/uploads\/psb_alliance\/Auction%20guide%20for%20Insolvency%20Professionals%20(As%20on%2029.10.2024).pdf<\/a><\/p>\n<p>iv. eBKray_Auction guide for Bidders (As on 29.10.2024) &#8211;\u00a0<a title=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=biHVZBdy3mcs9w_N_1z5mE7CDj8GfT4kEp22HK2BXHZBOL0vEOHK-SYZ-zWaaH1ZFPnp43Iz6vbbbJGrcySe8j1r1QEktdFlelWidRrvnP6Cy6VsALHNEsCs6mssvrJH\" href=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=biHVZBdy3mcs9w_N_1z5mE7CDj8GfT4kEp22HK2BXHZBOL0vEOHK-SYZ-zWaaH1ZFPnp43Iz6vbbbJGrcySe8j1r1QEktdFlelWidRrvnP6Cy6VsALHNEsCs6mssvrJH\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"4\">https:\/\/ibbi.gov.in\/uploads\/psb_alliance\/Auction%20guide%20for%20Bidders%20(As%20on%2029.10.2024).pdf<\/a><\/p>\n<p>v. eBKray_FAQ for Listing &amp; Auction Platform (As on 29.10.2024) &#8211;\u00a0<a title=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=2tQD1cAFYB0UljCFFASpxG3gYPz82QhwiWhtcABiJ7JLrtokWeUoUv67rbbbQf8_WTAYKni1Qr1a5Z0SdslLiR68KbrO4xt6wp7UhH2rjcj38SOes7p-_t7lGIPQtUoG\" href=\"https:\/\/eit1.eitracker.co.in\/trackemaillink.ashx?u=2tQD1cAFYB0UljCFFASpxG3gYPz82QhwiWhtcABiJ7JLrtokWeUoUv67rbbbQf8_WTAYKni1Qr1a5Z0SdslLiR68KbrO4xt6wp7UhH2rjcj38SOes7p-_t7lGIPQtUoG\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"5\">https:\/\/ibbi.gov.in\/uploads\/psb_alliance\/FAQ%20for%20PSB%20Alliance%20(As%20on%2029.10.2024).pdf<\/a><\/p>\n<p>For any concerns regarding the eBKray Listing and Auction platform,<\/p>\n<p>You can reach us at singh@carajput.com or at 9555 555 480.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comparison between CIRP process, Liquidation process, Voluntary liquidation processes &#8211; Section 59, and Fast track process S. No . Action Particular of IBC CIRP Liquidation process Voluntary liquidation processes &#8211; Section 59 Fast track process Appplicablity Who can apply FC \/ OC \/ CD Max period of CIRP is over \/ AA rejects the plan &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8789],"tags":[10076,5563],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/25416"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=25416"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/25416\/revisions"}],"predecessor-version":[{"id":28812,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/25416\/revisions\/28812"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=25416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=25416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=25416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}