Insolvency & Bankruptcy Solutions – Managing Financial Challenges with Confidence
At Statutory Steps, we understand that financial distress can be one of the most challenging phases in a business lifecycle. Our team of Chartered Accountants (CAs), Company Secretaries (CS), Advocates, and Insolvency Professionals (IPs) provides strategic, compliant, and results-oriented insolvency and bankruptcy solutions. Whether it’s voluntary liquidation, pre-packaged resolution, or a full-scale corporate insolvency process, we help businesses protect value, manage stakeholders, and achieve the best possible outcomes.
Our Services: Navigating Financial Distress with Precision and Care
1. Insolvency & Bankruptcy Advisory – Strategic Resolution in Uncertain Times
Financial instability often requires quick yet carefully planned decisions. Our advisory services go beyond surface-level support—we provide a 360° assessment of your company’s position and craft solutions that safeguard your business and stakeholders.
We help you by:
- Conducting a comprehensive financial review, identifying debt exposure, cash flow issues, and compliance gaps.
- Designing debt restructuring strategies, including settlement negotiations, payment plans, or equity restructuring.
- Engaging with banks, NBFCs, and financial institutions to negotiate favorable terms and prevent litigation.
- Ensuring statutory compliance under the Insolvency & Bankruptcy Code (IBC), 2016, to avoid penalties or disqualification.
- Offering risk management frameworks to prevent recurrence of financial distress.
With our advisory, businesses not only address current challenges but also build sustainable financial resilience for the future.
2. Voluntary Liquidation & Winding-Up – A Seamless Transition
Sometimes, closing a business is the smartest strategic move. Whether driven by market shifts, promoter decisions, or non-viability, our voluntary liquidation services ensure closure with dignity, compliance, and efficiency.
Our process includes:
- Strategic exit planning, so promoters maximize value while minimizing liabilities.
- Drafting board and shareholder resolutions, preparing affidavits, and managing all statutory filings with MCA, NCLT, and IBBI.
- Coordinating with liquidators to sell assets at fair value and distribute proceeds among stakeholders.
- Ensuring timely settlement of employees’ dues, tax liabilities, and creditor obligations.
- Maintaining clear audit trails and compliance records, protecting promoters from future disputes or liabilities.
With Statutory Steps, winding up your business becomes a hassle-free, transparent, and orderly process, giving you a clean slate for your next venture.
3. Pre-Packaged Insolvency Resolution – Fast-Tracking Financial Freedom
A Pre-Packaged Insolvency Resolution Process (PPIRP) is a modern tool that enables debtors and creditors to agree on a resolution plan before formal insolvency begins, saving both time and reputation.
We assist in:
- Identifying eligible businesses (particularly MSMEs under IBC guidelines) for pre-pack resolution.
- Drafting pre-negotiated settlement or restructuring plans with creditors.
- Due diligence and independent valuation of assets to present a strong, fair plan.
- Drafting the Information Memorandum, Resolution Plan, and supporting documents for NCLT approval.
- Protecting continuity of business operations, employees, and customer trust during the process.
A Pre-Pack helps avoid lengthy CIRP delays, reduces costs, and enables promoters to retain greater control of their business.
4. Corporate Insolvency Resolution Process (CIRP) – Turning Around Distressed Businesses
When insolvency is unavoidable, the Corporate Insolvency Resolution Process (CIRP) provides a structured legal framework for revival. This is often the last chance to save a business—and execution matters.
We provide complete CIRP support by:
- Preparing and filing CIRP applications before the NCLT on behalf of debtors or creditors.
- Assisting Resolution Professionals (RPs) in managing claims, preparing information memorandums, and running the company as a going concern.
- Coordinating with the Committee of Creditors (CoC) to facilitate transparent voting, negotiations, and decision-making.
- Drafting, reviewing, and negotiating Resolution Plans that balance creditor rights with company revival.
- Supporting with litigation management before NCLT/NCLAT in case of disputes.
With our CIRP expertise, distressed businesses can maximize recovery, protect jobs, and restore stakeholder confidence while following all legal requirements.
5. Support for Insolvency Resolution Professionals (IRPs) – Your Trusted Partner in Insolvency Management
Insolvency Professionals (IPs/IRPs/RPs) often handle complex, multi-stakeholder cases that demand strong financial, legal, and operational backing. We act as an extended support arm, enabling them to perform their duties efficiently.
Our IRP support services include:
- Preparation and verification of creditor claims, including employee, statutory, and operational creditor dues.
- Drafting statutory forms, notices, reports, and public announcements as per IBC.
- Providing legal and compliance assistance, including representation before tribunals.
- Helping conduct Committee of Creditors (CoC) meetings, drafting agendas, and recording minutes.
- Creating and maintaining the Information Memorandum (IM), Resolution Plan, and evaluation matrix.
- Managing communication with stakeholders and ensuring strict adherence to IBBI timelines.
With Statutory Steps as your back-end partner, Insolvency Professionals can deliver faster resolutions, stronger compliance, and better value maximization.