Navigating Financial Distress With a Clear Path Forward
Vigneshwar Corporate Solutions LLP guides businesses, creditors, and individuals through insolvency and bankruptcy proceedings under the IBC framework. From filing applications and coordinating with resolution professionals to advising creditors on recovery options, our team brings clarity and structure to what is often a stressful process.
Whether you're a company facing financial distress, a creditor seeking recovery, or a director navigating personal guarantee implications, we help you understand your options and act on them with confidence.
Services We Cover
What's Included
- Assessment of insolvency triggers and available options
- Preparation and filing of insolvency applications under IBC
- Coordination with Insolvency Professionals and Resolution Professionals
- Creditor claim filing and recovery advisory
- Support through resolution plan evaluation or liquidation process
How It Works
Case Evaluation
We review your financial position, obligations, and options to determine the right course of action under the IBC.
Filing & Coordination
We prepare and file the required application, and coordinate with Insolvency Professionals, NCLT, or creditors as needed.
Resolution Support
We stay engaged through the resolution or liquidation process, keeping you informed and advised at every stage.
Documents Required
Financial Statements
Audited financials and statement of accounts for the recent financial years.
Loan & Debt Documents
Loan agreements, sanction letters, and records of default, if applicable.
Corporate Records
Certificate of Incorporation, board resolutions, and shareholding details.
Creditor / Claim Details
List of creditors and outstanding claims, for filing or recovery matters.
Frequently Asked Questions
Who can file for corporate insolvency resolution?
An operational creditor, financial creditor, or the corporate debtor itself can initiate insolvency proceedings before the NCLT under the IBC.
What happens once the insolvency process begins?
A moratorium is imposed, an Insolvency Professional takes over management, and a resolution plan is invited from potential bidders within a defined timeline.
Can a director be personally liable in insolvency proceedings?
Directors who provided personal guarantees can face separate personal insolvency proceedings; we advise on managing this exposure.
What if the company can't be revived through resolution?
If no viable resolution plan is approved, the company moves into liquidation, and we support stakeholders through that process as well.
Facing Financial Distress?
Get a free consultation with our insolvency advisors today.