To Insolvency Professionals

Assistance In Claim Verification And Formation Of Coc

Issuance of Public Notice for inviting claims, collation and verification of claims to the extent it is required during Corporate Insolvency Resolution Process; seek further details, documents and explanations from claimants for the purpose of verification, assure physical and digital record keeping of claim documents to assure faster and correct retrieval as and when required. Similar services would also be provided in the case of Liquidation, Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms.

Assistance In Drafting The Information Memorandum

Preparation and Compilation of Information Memorandum and co-ordinate for all the information required. Further, 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.

Assistance In Drafting Rfrp And Evaluation Matrix

The RFRP detailed each step in the process, and the manner and purposes of interaction between the resolution professional and the prospective resolution applicant, along with corresponding timelines. An evaluation matrix is a list of parameters and the manner of application of such parameters, as approved by the CoC for consideration of a resolution plan.

Due Diligence U/S 29a Of The Code

Section 29A sets eligibility criteria for resolution applicants to prevent defaulting promoters and related parties from regaining control of distressed companies, ensuring the integrity and fairness of the resolution process. The resolution professional shall conduct due diligence based on the material on record in order to satisfy that the prospective resolution applicant complies with the provisions of clause (h) of sub-section (2) of section 25 and the applicable provisions of section 29A, and other requirements, as specified in the EOI. WWIPE provides support services in carrying out the due diligence of the expression of interests submitted by the applicants under Section 29A of the Code.

Assistance In Compliance Check Of The Resolution Plan

A resolution plan is a document that outlines measures for resolving insolvency for a corporate debtor (CD) and maximizing the value of its assets under IBC. RP shall evaluate that the plan must be in accordance with the provisions of the Code and RFRP issued by him. WWIPE provides support services with regard to the examination and compliance check of the resolution plans in accordance with the provisions of the Code and RFRP; further giving scoring of to the applicants based on the Evaluation Matrix.

Compliance Check Of Insolvency Professionals

Monitoring of the compliances, which are mandatory for the Insolvency Professionals, such as CIRP Forms, Liquidation forms, Voluntarily Liquidation forms, submission of relationship disclosures and cost & fee disclosures with IBBI and IPA.

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