Navigate Financial Distress — Legally, Professionally
The Insolvency and Bankruptcy Code, 2016 (IBC) provides a time-bound, creditor-driven insolvency resolution framework for companies, LLPs, and individuals in financial distress. The Code enables creditors (financial or operational) to initiate Corporate Insolvency Resolution Process (CIRP) before the NCLT to recover dues, and provides debtors with an opportunity to resolve insolvency through a Committee of Creditors (CoC)-approved Resolution Plan. Liquidation is the last resort.
VITTAX's IBC advisory practice assists corporate debtors facing financial distress in understanding their options (pre-pack insolvency, out-of-court settlement, CIRP), prepares them for NCLT proceedings, coordinates with Insolvency Resolution Professionals (IRPs), and provides financial advisory throughout the resolution process. We also assist creditors in evaluating their options for debt recovery under IBC.
Pricing
IBC Advisory Consultation
₹4,999 one-time
Initial assessment + options analysis
Ideal for: Companies facing financial distress exploring options
Ongoing IBC Support
₹9,999 onwards
Financial advisory during CIRP proceedings
Ideal for: Companies in active CIRP or pre-CIRP proceedings
FAQs
Can a company avoid CIRP once an application is filed?
Yes — even after an IBC application is filed, the debtor can settle the debt before admission of the application, or the CoC can approve a resolution plan without liquidation. Pre-CIRP out-of-court settlements (Section 12A) are also available.
⚡ Advisory Covers
NCLT-ready advisory, IRP coordination, debt resolution strategy — navigate IBC with confidence