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Insolvency and Bankruptcy Code, 2016 (“referred to as IBC, 2016″) have been proved as set of Laws “Turnaround” for the Entities. On one hand, where it has created a big fear for defaulting entities, it has also created a time-bound reform strategy. Salient features are as under :

– IBC was introduced in the year 2016 with the aim to identify the default and maximum the assets

–  Any creditor, where default is more than Rs. 1 Crs( increased from Rs. 1 Lac to 1 Crs w.e.f. 24th March 2020), can file a petition before Hon’ble NCLT against the corporate Debtor.

–  In case of Homebuyers, the petition under IBC can only be filed if the homebuyers are more than 10% of the total allottees in the project or 100 in nos. whichever is less.

– IBC Laws override other laws (section 238 of IBC)

–  NCLT (National Company Law Tribunal) is the adjudicating Authority under IBC Laws?

– IBC Laws provide for a time-bound resolution process by which the defaulting corporate debtor is turnaround and resolution process is implemented.

At Centrik, we offer comprehensive and expert services related to IBC Laws, CIRP, NCLT, NCLAT specializing in claims, small or large, and serve clients nationwide.

Centrik also offers the shortcut method to recover your money and enjoy a peaceful life. Once we’re on board, Centrik would assertively, but lawfully, seek the recovery of your money.

OUR SERVICE:

  • Preparation & Filing, argument IBC petition
  • Claim filing and verification, and related advisory
  • Complete Legal support for Corporate Insolvency Resolution Plan (CIRP)
  • Complete Legal Support for Pre-Packaged Insolvency Resolution Plan (PPIRP)
  • Understanding of nature of debts, default, issue, and related documents
  • Preliminary investigation and computation of defaults
  • Preparation of possible proposals with your consent
  • Debt assignment
  • Helping you with the next course of action
  • You can check the status at any time on our website

FAQ

How It Works - 3 Easy Steps

Step 1: You can approach us by filling our in-take form. Provide the requisite information regarding your debt and the necessary documents. Our representative will then contact you and ask for further details if required. Step 2: Centrik’s core team analyses your debt in all its financial and legal aspects and makes you an offer. You can negotiate and both can arrive at a mutually agreed figure. Step 3: Legally transfer your debt by executing an Assignment Deed. You are then paid the agreed consideration and all your hassles are over. For more details, contact us.

Is It Legal?

Yes, A debt is an actionable claim and is permitted to be transferred to another under the Transfer of Property Act, 1882

What Are The Charges For Consulting?

This is a customized and fact based product, we need to understand lot of parameters before giving you final quote. The exact consulting fees would be communicated only after knowing the complete scope of work. Whatever the fees, it shall be communicated to you, prior to start of work, through proper mail.

Why Centrik?

• Comprehensive review of the debt • Preliminary Investigation and discussion with opposite party • Preparation of possible proposals with your consent • Debt Assignment • Helping You with the next course of action. • Regular online/mobile updates

Get your first FREE consultation today

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Ram Krishna Sinha

Ex-General Manager

Expertise: Benchmarking,CCM,Debt Recovery Management,Go Global,Project Funding
  • 35 years Experience
  • Mumbai, Maharashtra, India

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  • Faridabad

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Associate in Supreme court

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Pushpender Tyagi

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  • Sonipat, Haryana, India

Adv Bhuvan Chadha

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Veera M

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Adv Nazuk Seth

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Srishti Girdhar

Legal Associate

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Adv Abhinav Dixit

Legal Associate

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Advocate

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Amarpal, FCA, Insolvency Professional

Insolvency Professional

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