Achievment

CS. Ranjeet Kumar Verma, IP, FCS, LL.B. (Company Secretary in practice), has a proprietor of M/s RANJEET VERMA & ASSOCIATES been engaged in rendering of Secretarial, Finance and Legal Services.It has a body of qualified Company Secretaries, other similar professionals who work under the guidance and supervision of CS.

Being an IPE, our firm provides support services to Insolvency Professionals who are its Partners in carrying out various assignments where they may be appointed, including their appointment as:

  • Interim Resolution Professional in the Corporate Insolvency Resolution Process of any Corporate Debtor
  • Resolution Professional in the Corporate Insolvency Resolution Process of any Corporate Debtor
  • Liquidator in the Liquidation Process of any Corporate Debtor
  • Liquidator in the process of Voluntary Liquidation of a Corporate Debtor under section 59 of the Code
  • Resolution Professional in Fresh Start Process under Chapter II of the Code

Corporate Insolvency Resolution Process

Our Firm is providing various support services to its partners who have been appointed as Interim Resolution Professional or Resolution Professional in the Corporate Insolvency Resolution Process of any Corporate Debtor. Following support services are extended by different teams of our firm for efficient handling of Corporate Insolvency Resolution Process: –

Claim Verification Team

  • To issue Public Notice inviting Claims
  • To receive claims of financial creditors, operational creditors, workmen and employees, claims for statutory dues, etc
  • To collate claims and verify to the extent it is required during Corporate Insolvency Resolution Process; seek further details, documents and explanations from claimants for the purpose of verification
  • To collate, verify and admit or reject claims with regards to category (secured or unsecured), priority u/s 53, determination and verification of security interest, inter-creditor arrangement over security interest, etc.
  • To constitute Committee of Creditors and file a requisite report to Adjudicating Authority
  • To assure physical and digital record keeping of claim documents to assure faster and correct retrieval as and when required.
  • To continue to receive, collate and verify claims till the expiry of the claim acceptance period.

All the above jobs are also done for liquidation process for the Insolvency Professional of our firm appointed as liquidator in any matter. Similar services would also be provided in the case of Insolvency Resolution Process and Bankruptcy Process of Individuals, Proprietorship Concerns and Partnership Firms.

Front End Team for Taking Over Control and Custody of Corporate Debtor

We have a very large team of human resources, who are trained and experienced for taking over physical and virtual control over the operations and assets of the Corporate Debtor from the existing Key Managerial Personnel (KMPs) and to maintain its control over the operations of Corporate Debtor and to protect the assets and businesses of the Corporate Debtor. Following is the process followed by the team for effective and timely control over the Corporate Debtor: –

  • To visit all or key locations of the businesses or assets of the Corporate Debtor and identify the locations and assets
  • To make an inventory of the assets or businesses of Corporate Debtor and make videos and take pictures for the purpose of records and presenting it before the Committee of Creditors members
  • To depute security guards at key entry and exit points to assure protection of assets and to prevent any fraudulent or unauthorized removal of property of the Corporate Debtor
  • To supervise the operations of Corporate Debtor and to do all such acts required for keeping the Corporate Debtor as a going concern.

Worked For :

  1. SAVEAIR INDIA PRIVATE LIMITED: Voluntary Liquidation Process Under Section 59 of the IBC, 2016
  2. UPL TRADING COMPANY PRIVATE LIMITED : Voluntary Liquidation Process Under Section 59 of the IBC, 2016
  3. HOMES CONNECT DEVELOPERS PRIVATE LIMITED : Insolvency Resolution Process under section 7 of the IBC, 2016
  4. DIGICONTROLS NORTHERN PRIVATE LIMITED : Insolvency Resolution Process under section 9 of the IBC, 2016
 
     
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