Strategic partners for your resolution plan.
Resolution Plan is the basic document required by the prospective Resolution Applicants, who aspire to bid for the Corporate Debtor. The Resolution Plan not only needs to be compliant with Section 30(2) of the Insolvency and Bankruptcy Code, it has also to comply to Request for Resolution Process (RFRP). Also, it is required to provide for measures for insolvency resolution of Corporate Debtor, besides having all the mandatory contents of the Resolution Plan in terms of the CIRP Regulations.
A well thought and soundly drafted Resolution Plan is, therefore, critical to take care of the nuances and ensure that it is found to be eligible for consideration by the Committee of Creditors. A dedicated team of experienced and qualified professionals of FinLender helps the prospective bidders in preparation of resolution plans. This includes providing technical inputs, guidance on commercial consideration besides legal and tax advisory so that the Resolution Plan has all the requisite information and meets the tests of feasibility and viability.
Our experienced team provides advisory to resolution plans in the following ways:
- Preparation support for Resolution Plan to the Resolution Applicant
- Representing at the Committee of Creditors on behalf of Financial Creditor or any other member of the COC
- Evaluation and analysis of the plan for the Committee of Creditors to take a decision
FinLender also provides technical assistance and inputs and vets the resolution plans for the prospective bidders so that these are in compliance with the requirements of IBC, CIRP Regulations, RFRP, and other laws of the land and pass the muster to be in the consideration zone.
FinLender with more than a decade of experience has been able to execute and prepare more than 100 plus resolution plans for under Pre NCLT and During NCLT proceedings.