Process Advisory Services

The Insolvency and Bankruptcy Code, 2016 lays down a detailed, time-bound sequence of steps, filings, and stakeholder actions that must be followed with precision, from the admission of an insolvency application through to resolution, liquidation, or withdrawal. Creditors, promoters, resolution applicants, and other participants are often unfamiliar with the procedural nuances of these timelines and the forms, applications, and disclosures required at each stage before the National Company Law Tribunal and the Insolvency and Bankruptcy Board of India. Process advisory services help these stakeholders navigate the framework correctly the first time, avoiding the delays and procedural setbacks that arise from missed steps or incorrectly filed applications.

Why This Matters

IBC timelines are strict and, in many respects, unforgiving of procedural error, with consequences ranging from rejected applications to loss of standing in the process. Stakeholders who misunderstand their rights, obligations, or the correct sequence of filings risk losing valuable time in what is already a fast-moving process, and may find their interests inadequately represented at critical junctures such as claim submission, plan evaluation, or CoC voting.

How We Help

Stage-wise Procedural Guidance

We explain the requirements and timelines applicable to each stage of the process, whether pre-admission, during CIRP, at the resolution plan approval stage, or in liquidation, tailored to the stakeholder's specific role and interest in the matter.

Filing and Documentation Support

We assist in preparing applications, forms, and disclosures required to be filed with the resolution professional, the Committee of Creditors, or the tribunal, ensuring they meet the format and content requirements prescribed under the Code and applicable regulations.

Stakeholder Rights and Representation

We advise creditors, promoters, and applicants on their rights at each stage of the process, including participation in CoC meetings, objection rights, and the remedies available if due process is not followed.

Coordination Across the Process

We help stakeholders track deadlines, coordinate communication with the resolution professional or liquidator, and stay ahead of upcoming procedural requirements so that nothing falls through the cracks during a fast-moving proceeding.

Who Needs This

• Financial and operational creditors participating in a CIRP or liquidation
• Promoters and management of a corporate debtor navigating the process
• Resolution applicants seeking to understand procedural requirements
• Personal guarantors and other stakeholders affected by the proceedings

Our Approach

We translate the technical procedural framework of the Code into clear, actionable guidance for each stakeholder, prioritising timelines that carry real consequences if missed. Our advisory support is practical and current, reflecting the latest regulatory circulars and tribunal practice, so that clients can participate in the process confidently and protect their interests at every stage.

Get in Touch

To discuss how we can support you with process advisory services, write to us at info@agarwalurs.com.