For Distressed Businesses

Options for a business under financial stress

Most of the value is added before admission, while the useful options are still open.

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Options for distressed businesses under financial stress
CIRP · Pre-Packaged Insolvency · Statutory Demand Response · Settlement · Voluntary Liquidation · Strike Off · IBC Advisory CIRP · Pre-Packaged Insolvency · Statutory Demand Response · Settlement · Voluntary Liquidation · Strike Off · IBC Advisory CIRP · Pre-Packaged Insolvency · Statutory Demand Response · Settlement · Voluntary Liquidation · Strike Off · IBC Advisory CIRP · Pre-Packaged Insolvency · Statutory Demand Response · Settlement · Voluntary Liquidation · Strike Off · IBC Advisory

There is a window, and it closes. While a company is merely under pressure, almost everything is available — restructuring, settlement, a pre-packaged process if it qualifies, a sale of the business, or an orderly wind-down on the promoter's own terms. Once an insolvency application is admitted, a moratorium takes effect, the board's powers are suspended and decisions pass to a committee of creditors.

Most of the value we add on distressed matters is added before that point. If the company is under stress, the useful conversation is now, not after a notice has been served.

What is still open to you

01

An honest assessment of where the company actually stands and what is still open to it

Of where the company actually stands and what is still open to it — not what you want to hear, but what you need to know to make the right decision.

02

Responding to a statutory demand notice inside the response window

Inside the response window — a demand notice under Section 8 of the IBC starts a clock. Missing it removes options.

03

Defending or resisting admission of an insolvency application

Resisting admission at the NCLT — on grounds of dispute, pre-existing settlement or procedural deficiency.

04

Settlement and withdrawal, including after admission where creditors agree

Including after admission where creditors agree — the IBC provides a mechanism, and using it correctly requires both legal and practical knowledge.

05

Pre-packaged insolvency resolution for eligible MSMEs

For eligible MSMEs — a faster, less disruptive route with the resolution plan agreed before the process begins.

06

CIRP — as debtor, as creditor, or as a resolution applicant

As debtor, as creditor, or as a resolution applicant — the full Corporate Insolvency Resolution Process under the IBC.

07

Voluntary liquidation where the company is solvent but has no future

Where the company is solvent but has no future — an orderly wind-down under Section 59 of the IBC on the promoter's own terms.

08

Strike off where the company is dormant and has no outstanding liabilities

Where the company is dormant and has no outstanding liabilities — the simplest and fastest way to close a company that is no longer needed.

IBC and insolvency advisory

An honest assessment of where the company actually stands and what is still open to it.

Distressed clients have usually been told what they wanted to hear by two advisers already. A firm that leads with an honest assessment rather than a promised outcome is the one they call. Keep that line.

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Not sure which of these you need?

Describe the situation in a few lines. We will tell you what applies, what does not, and what it is likely to involve — before you commit to anything.

Book a consultation

Or call us on +91 8700229257, Monday to Friday, 10:00–18:30 IST.