{"id":26726,"date":"2024-05-28T14:56:50","date_gmt":"2024-05-28T09:26:50","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=26726"},"modified":"2025-03-01T13:56:59","modified_gmt":"2025-03-01T08:26:59","slug":"individuals-firm-insolvency-resolution-process-under-ibc","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/","title":{"rendered":"Individuals &#038; Firm-Insolvency Resolution Process under IBC"},"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-69cffdce316b8\" 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-69cffdce316b8\"  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\/individuals-firm-insolvency-resolution-process-under-ibc\/#Individuals_Firm-Insolvency_Resolution_Process_under_IBC\" title=\"Individuals &amp; Firm-Insolvency Resolution Process under IBC\">Individuals &amp; Firm-Insolvency Resolution Process under IBC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#What_is_Eligibility_for_RP_in_the_IBC_Process_for_Individuals_Firms\" title=\"What is Eligibility for RP in the IBC Process for Individuals &amp; Firms? \">What is Eligibility for RP in the IBC Process for Individuals &amp; Firms? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Proof_of_claims_of_creditors_Chapter_II\" title=\"Proof of claims of creditors (Chapter II)\">Proof of claims of creditors (Chapter II)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Proof_of_Claims_Regulation_5\" title=\"Proof of Claims (Regulation 5): \">Proof of Claims (Regulation 5): <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Verification_of_Claims_Regulation_6\" title=\"Verification of Claims (Regulation 6):\">Verification of Claims (Regulation 6):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Constitution_of_Committee_of_Creditors_Regulation_7\" title=\"Constitution of Committee of Creditors (Regulation 7):\">Constitution of Committee of Creditors (Regulation 7):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Preparation_of_Statement_of_Affairs_Regulation_9\" title=\"Preparation of Statement of Affairs (Regulation 9):\">Preparation of Statement of Affairs (Regulation 9):<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Calculating_the_voting_share_for_the_meeting_of_creditors\" title=\"Calculating the voting share for the meeting of creditors\">Calculating the voting share for the meeting of creditors<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Calculation_of_Voting_Share\" title=\"Calculation of Voting Share:\">Calculation of Voting Share:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Repayment_Plan_Regulation_22-_Chapter_VI\" title=\"Repayment Plan (Regulation 22- Chapter VI)\">Repayment Plan (Regulation 22- Chapter VI)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Additional_Provisions_Regulation_222\" title=\"Additional Provisions (Regulation 22(2)): \">Additional Provisions (Regulation 22(2)): <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#Completion_of_the_repayment_plan_Regulation_26\" title=\"Completion of the repayment plan (Regulation 26)\">Completion of the repayment plan (Regulation 26)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/individuals-firm-insolvency-resolution-process-under-ibc\/#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-23532\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/Amends-in-IBC-Regulations-in-Liquidation-process.jpeg\" alt=\"Amends in IBC Regulations in Liquidation process\" width=\"881\" height=\"504\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Individuals_Firm-Insolvency_Resolution_Process_under_IBC\"><\/span><span style=\"color: #000080;\">Individuals &amp; Firm-Insolvency Resolution Process under IBC<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Eligibility_for_RP_in_the_IBC_Process_for_Individuals_Firms\"><\/span><span style=\"color: #000080;\"><strong>What is Eligibility for RP in the IBC Process for Individuals &amp; Firms? <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017, outlines the eligibility criteria for insolvency professionals to be appointed as resolution professionals in insolvency resolution processes for individuals and firms.<\/p>\n<ul>\n<li>Comprehensive list of eligibility criteria and qualifications required to become an Insolvency Professional in India. This role carries significant responsibility, given its involvement in resolving financial distress situations for individuals and businesses. To summarize, an individual who wishes to become an Insolvency Professional in the Insolvency Resolution Process for Individuals And Firms in India must:\n<ul>\n<li>Be an Indian resident and at least 18 years old.<\/li>\n<li>He must Be of sound mind and physically fit.<\/li>\n<li>Be solvent and not declared as insolvent.<\/li>\n<li>Meet the qualification and experience requirements specified by the Insolvency and Bankruptcy Board of India (IBBI).<\/li>\n<li>Not have any convictions for certain types of offenses, with a specific timeframe since the expiration of any sentence.<\/li>\n<\/ul>\n<\/li>\n<li>Additionally, the qualifications and experience required include:\n<ul>\n<li>Clearing either the National Insolvency Examination or the Limited Insolvency Examination.<\/li>\n<li>Having 15 years of management experience after receiving a Bachelor&#8217;s degree (if clearing the Limited Insolvency Examination).<\/li>\n<li>He must having 10 years of experience as a chartered accountant, company secretary, cost accountant, or advocate enrolled with a Bar Council (if clearing the Limited Insolvency Examination).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>Once these criteria are met, the individual can register with an Insolvency Professional agency and begin practicing as an Insolvency Professional.<\/li>\n<li>It&#8217;s crucial for Insolvency Professionals to possess a deep understanding of financial laws and regulations, as well as strong analytical and communication skills to effectively navigate complex insolvency proceedings and facilitate fair resolutions for all stakeholders involved.<\/li>\n<\/ul>\n<p>Overall, Regulation 3 ensures that appointed resolution professionals maintain independence, integrity, and impartiality throughout the insolvency resolution process, thereby safeguarding the interests of all stakeholders involved:<\/p>\n<ul>\n<li>An insolvency professional, along with all partners and directors of the insolvency professional entity with which they are associated, must not be associates of the debtor. This ensures independence and impartiality in the resolution process.<\/li>\n<li>Insolvency professional or the insolvency professional entity with which they are associated cannot be under a restraint order issued by the Board. This prevents individuals or entities facing disciplinary actions from participating in resolution processes.<\/li>\n<li>An insolvency professional shall not continue as a resolution professional if the insolvency professional entity with which they are associated, or any other partner or director of such entity, represents any other stakeholder in the same insolvency resolution process. This provision aims to prevent conflicts of interest that could compromise the integrity of the resolution process.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Proof_of_claims_of_creditors_Chapter_II\"><\/span><span style=\"color: #000080;\"><strong>Proof of claims of creditors (Chapter II)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Regulations 5, 6, 7, and 9 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017, outline the procedures regarding proof of claims by creditors, verification of claims, constitution of the committee of creditors, and preparation of a statement of affairs by the resolution professional. These regulations ensure a structured and transparent process for handling creditor claims, verifying them, constituting the committee of creditors, and preparing a comprehensive statement of affairs, thereby facilitating the effective resolution of insolvency cases. \u00a0Let&#8217;s summarize these regulations:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Proof_of_Claims_Regulation_5\"><\/span><span style=\"color: #000080;\"><strong>Proof of Claims (Regulation 5): <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Creditors are required to submit proof of their claims to the resolution professional instead of Form 1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Verification_of_Claims_Regulation_6\"><\/span><span style=\"color: #000080;\"><strong>Verification of Claims (Regulation 6):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Upon receiving claims, the resolution professional must promptly commence their verification.<\/li>\n<li>List of creditors must be prepared, reflecting the name of each creditor, the amount claimed, the amount admitted, and any security interest related to the claims, if applicable.<\/li>\n<li>A report certifying the constitution of the committee of creditors based on the prepared list must be filed with the Adjudicating Authority.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Constitution_of_Committee_of_Creditors_Regulation_7\"><\/span><span style=\"color: #000080;\"><strong>Constitution of Committee of Creditors (Regulation 7):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The committee of creditors, formed under Regulation 6(2), includes:\n<ul>\n<li>Ten largest creditors by value.<\/li>\n<li>One representative elected by all workmen (excluding those included in the ten largest creditors).<\/li>\n<li>One representative elected by all employees (excluding those included in the ten largest creditors).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Preparation_of_Statement_of_Affairs_Regulation_9\"><\/span><span style=\"color: #000080;\"><strong>Preparation of Statement of Affairs (Regulation 9):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The resolution professional is tasked with preparing a statement of affairs, which should include various details such as:\n<ul>\n<li>Debtor\u2019s assets and liabilities for the previous three years.<\/li>\n<li>Details of excluded assets and debts of the debtor.<\/li>\n<li>Secured and unsecured debts along with creditor details for the previous three years.<\/li>\n<li>Particulars of debts owed by the debtor to associates for the previous three years.<\/li>\n<li>Details of guarantees given in relation to the debtor\u2019s debts, including the involvement of any guarantors who are associates of the debtor.<\/li>\n<li>Financial statements for the debtor\u2019s business or firm for the previous three years, if applicable.<\/li>\n<li>Wealth tax statements filed by the debtor for the previous five years, if any.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Calculating_the_voting_share_for_the_meeting_of_creditors\"><\/span><span style=\"color: #000080;\">Calculating the voting share for the meeting of creditors<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017, outlines the method for calculating the voting share for the meeting of creditors.\u00a0Overall, Regulation 19 ensures a fair and proportional representation of creditors in the decision-making process during the insolvency resolution proceedings, based on the amount of debt owed to them. This helps maintain transparency and equity in the resolution process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Calculation_of_Voting_Share\"><\/span><span style=\"color: #000080;\"><strong>Calculation of Voting Share<\/strong>:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Each member of the committee, as per Regulation 7(1), is entitled to a voting share proportionate to the debt owed to them or represented by their representative. This means that creditors&#8217; influence in the decision-making process is directly correlated with the amount of debt they are owed.<\/p>\n<ol>\n<li>Calculation of Debt: The debt owed to any creditor is determined as of the insolvency commencement date, based on the claims admitted. This ensures that the voting share accurately reflects the creditor&#8217;s financial stake in the insolvency resolution process.<\/li>\n<li>Definition of Unliquidated Debt: Regulation 19 also clarifies that for the purposes of Section 109(3), an unliquidated debt refers to a debt to which a value cannot be assigned by the resolution professional. This distinction is important for determining the voting share accurately.<\/li>\n<li>Explanation of Total Debt: The total debt, as mentioned in Regulation 19(1), is the sum of three components:\n<ul>\n<li>The debt owed to the creditors listed in Regulation 7(1)(a).<\/li>\n<li>Aggregate debt owed to workmen under Regulation 7(1)(b), if applicable.<\/li>\n<li>The aggregate debt owed to employees under Regulation 7(1)(c), if applicable.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p style=\"padding-left: 40px;\">By summing up these components, the total debt is calculated, forming the denominator for determining the voting share of each creditor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Repayment_Plan_Regulation_22-_Chapter_VI\"><\/span><span style=\"color: #000080;\"><strong><a href=\"https:\/\/carajput.com\/blog\/resolution-plan\/\">Repayment Plan<\/a> (Regulation 22- Chapter VI)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Regulation 22 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017, delineates the comprehensive contents of a repayment plan, as well as additional provisions that may be included as necessary. Contents of the Repayment Plan (Section 105(3)(c)):<\/p>\n<ol>\n<li>Duration of the Repayment Plan: Specifies the time frame within which the repayment plan is to be executed.<\/li>\n<li>Implementation Schedule: Outlines the timetable for executing the repayment plan, including proposed dates for distributing payments to creditors along with estimated amounts.<\/li>\n<li>Source of Funds: Identifies the funding sources for covering the costs associated with the insolvency resolution process, prioritizing these payments over others in the repayment plan.<\/li>\n<li>Minimum Budget for Survival: Establishes a minimum budget necessary for the survival of the debtor and their immediate family throughout the duration of the repayment plan.<\/li>\n<li>Business Operations (if applicable): Describes how any business owned by the debtor will be operated during the repayment plan and clarifies the role of the resolution professional in overseeing these operations.<\/li>\n<li>Management of Funds: Specifies how funds designated for the repayment plan will be managed, including banking, investment, or other handling procedures until distribution to creditors.<\/li>\n<li>List of Creditors: Provides a comprehensive list of all creditors involved in the repayment plan.<\/li>\n<li>Functions of the Resolution Professional: Defines the responsibilities and tasks to be undertaken by the resolution professional, including supervision and implementation of the repayment plan.<\/li>\n<li>Contractual Terms Variation: Allows for modification of contractual terms or transactions involving the debtor as necessary for the execution of the repayment plan.<\/li>\n<li>Excluded Assets Treatment: Ensures that excluded assets, whose actual value exceeds the prescribed threshold, are appropriately handled and not transferred or sold.<\/li>\n<li>Financing Requirements: Specifies the financing needed for the insolvency resolution process.<\/li>\n<li>Discharge Terms and Conditions: Outlines the terms and conditions under which the debtor will be discharged from their obligations.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Additional_Provisions_Regulation_222\"><\/span><span style=\"color: #333399;\"><strong>Additional Provisions (Regulation 22(2)): <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This section permits the inclusion of further provisions in the repayment plan, such as:<\/p>\n<ul>\n<li>Transfer or sale of debtor&#8217;s assets.<\/li>\n<li>Administration or disposal of debtor&#8217;s funds.<\/li>\n<li>Satisfaction or modification of security interests.<\/li>\n<li>Reduction in payable amounts to creditors.<\/li>\n<li>Waiving or curing of any breach of debtor&#8217;s debt.<\/li>\n<li>Modification of payment terms.<\/li>\n<li>Amendment of partnership deed (if applicable).<\/li>\n<li>Utilization of debtor&#8217;s income for debt repayment.<\/li>\n<li>Ratification of insolvency resolution costs.<\/li>\n<li>Handling of funds not paid to creditors by the end of the repayment plan.<\/li>\n<li>Any other matters as required by the committee of creditors.<\/li>\n<li>These provisions ensure that the repayment plan is comprehensive, covering various aspects necessary for the successful resolution of the debtor&#8217;s insolvency.<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Completion_of_the_repayment_plan_Regulation_26\"><\/span><span style=\"color: #000080;\"><strong>Completion of the repayment plan (Regulation 26)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000080;\"><strong><a href=\"https:\/\/carajput.com\/blog\/resolution-plan\/\">Completion of a repayment plan<\/a> in the context of insolvency resolution processes for individuals and firms<\/strong><\/span><\/p>\n<p>Regulation 26 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017, outlines the criteria for the completion of a repayment plan in the context of insolvency resolution processes for individuals and firms. According to Regulation 26:<\/p>\n<ol>\n<li>A repayment plan is considered complete when, in the opinion of the resolution professional, the debtor has fulfilled all obligations specified within the duration of the repayment plan.<\/li>\n<li>Upon satisfying the conditions mentioned in point 1, the resolution professional issues a notice of completion under section 117(1)(a).<\/li>\n<li>The resolution professional can issue a notice of completion even if the debtor has substantially complied with all obligations under the repayment plan.<\/li>\n<li>Subsequently, the Adjudicating Authority considers the notice of completion and the report provided under section 117(1) when making a decision on issuing the discharge order.<\/li>\n<\/ol>\n<p>This regulation essentially sets the criteria and procedure for determining when a repayment plan has been successfully executed by the debtor, allowing for the formal conclusion of the insolvency resolution process. The involvement of the resolution professional and the Adjudicating Authority ensures that the process is carried out in accordance with the relevant legal provisions and that the interests of all stakeholders, including creditors and the debtor, are duly considered<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Our_Services_Related_To_IBC\"><\/span><strong><span style=\"color: #000080;\">Our Services Related To IBC<\/span>\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We are pleased to introduce Rajput Jain and Associates, a distinguished management consultancy firm dedicated to providing strategic advisory services across various verticals. Our expertise spans the following domains: Our team of seasoned professionals brings a wealth of knowledge and experience, ensuring tailored solutions that drive growth, enhance efficiency, and create lasting value for our clients.<\/p>\n<table width=\"918\">\n<tbody>\n<tr>\n<td width=\"246\"><strong>IBC Advisory Services (IAS)<\/strong><\/td>\n<td width=\"222\"><strong>CA Certification and Other Services\u00a0<\/strong><\/td>\n<td width=\"192\"><strong>Financial Research and Analysis (FRA)<\/strong><\/td>\n<td width=\"258\"><strong>Valuation Advisory Services (VAS)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"246\">CIR Process<\/td>\n<td width=\"222\">CIRP Audit<\/td>\n<td width=\"192\">Primary\/ Secondary Company Research<\/td>\n<td width=\"258\">Valuation under IBC, 2016<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Liquidation process<\/td>\n<td width=\"222\">29A certificate<\/td>\n<td width=\"192\">Portfolio Management<\/td>\n<td width=\"258\">Startup Valuation\/ Ind AS Valuation<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Voluntary Liquidation Process<\/td>\n<td width=\"222\">Financial Bid evaluation before 29A Due Diligence<\/td>\n<td width=\"192\">Due Diligence<\/td>\n<td width=\"258\">M&amp;A Valuation\/ Purchase Price Allocation Study<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Prepackaged\/ Individual Insolvency<\/td>\n<td width=\"222\">Resolution Plan preparation<\/td>\n<td width=\"192\">Stock<br \/>\nPicking<\/td>\n<td width=\"258\">Share\/Company\/ Business\/ Financial Asset Valuation<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">CD operation, Account &amp; finance, Compliance, Technical Services<\/td>\n<td width=\"222\">Accounting and taxation Services for CIPR Care<\/td>\n<td width=\"192\">Primary\/ Secondary Industry Research<\/td>\n<td width=\"258\">Intangible Asset (Brand, Trademark, Customer Relationship, etc.) Valuation<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Advisory to CoC<\/td>\n<td width=\"222\">Accounting and taxation Services for Liquidation Matter<\/td>\n<td width=\"192\">Extensive Report Writing<\/td>\n<td width=\"258\">Fairness Opinion<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Building Resolution Plan, etc.<\/td>\n<td width=\"222\">Arranging Prospective Buyer for CIRP and Liquidation matter<\/td>\n<td width=\"192\">Price Stock Price Discovery, etc.<\/td>\n<td width=\"258\">Techno Economic Viability Study, etc.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Please feel free to schedule a call or meeting at your convenience. You can reach us at singh@carajput.com or at 9555 555 480.<\/p>\n<p><span style=\"color: #000080;\"><strong>Popular blog:-<\/strong><\/span><\/p>\n<p><strong>You may also know more about\u00a029A certificate\u00a0<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/learn\/section-29a-certification-services-under-ibc.html\" data-cke-saved-href=\"https:\/\/carajput.com\/learn\/section-29a-certification-services-under-ibc.htmlA\">29A Cerificate under the IBC law<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/section-29a-of-ibc-2016\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/section-29a-of-ibc-2016\/\">Related party under section 29a of ibc Code<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/publications\/ibc-laws-critical-analysis-of-section-29a-of-the-code.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/ibc-laws-critical-analysis-of-section-29a-of-the-code.pdf\">Section 29A of IBC act<\/a><\/li>\n<\/ul>\n<p><strong>Other Popular blog:-<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\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<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Individuals &amp; Firm-Insolvency Resolution Process under IBC What is Eligibility for RP in the IBC Process for Individuals &amp; Firms? Regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Individuals and Firms) Regulations, 2017, outlines the eligibility criteria for insolvency professionals to be appointed as resolution professionals in insolvency resolution &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8788],"tags":[10146,3680],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/26726"}],"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=26726"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/26726\/revisions"}],"predecessor-version":[{"id":28806,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/26726\/revisions\/28806"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=26726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=26726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=26726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}