Tax
Income tax, international taxation, planning, notices, assessments and litigation — approached with care, preparation and the bigger business picture in mind.
ExploreMeet Jainkv
CA Krishan Vrind Jain
Chartered Accountant (FCA) | Insolvency Professional | IBC Trainer | Arbitrator
In practice for over 30 years, CA Krishan Vrind Jain is a Fellow Chartered Accountant, registered Insolvency Professional and arbitrator, working across project financing, commercial litigation, taxation, Transfer Pricing and insolvency resolution.
30+
Years in practice
9
CIRP cases handled
5
Resolution plans argued & approved by NCLT
3
Companies in liquidation as liquidator
Who is Jainkv?
Three decades at the intersection.
A member of the Institute of Chartered Accountants of India since December 1992, CA Krishan Vrind Jain has practised for more than three decades across project financing, commercial litigation, taxation, international taxation and Transfer Pricing.
Under the Insolvency and Bankruptcy Code, 2016, the work spans nine corporate insolvency resolution processes, appearances before NCLT and NCLAT benches, taking control of units in complex matters, preparing resolution plans and acting as liquidator and monitoring professional. Resolution plans argued on behalf of resolution applicants and resolution professionals have been approved by NCLT Chandigarh.
Alongside practice, CA Krishan Vrind Jain trains insolvency professionals and valuers — as faculty for the Indian Institute of Insolvency Professionals of ICAI, the ICAI Registered Valuers Organisation and the Indian Institute of Corporate Affairs — and has served the profession as Chairman of the ICAI Chandigarh Branch and on several ICAI committees.
Professional journey
The path so far.
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1992
Chartered Accountant
Became an associate member of the Institute of Chartered Accountants of India in December 1992 and began practice, later becoming a Fellow member.
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2004–2007
ICAI Chandigarh Branch leadership
Elected to the executive committee of the Chandigarh Branch of ICAI for 2004–2007; Vice Chairman for 2005–06 and Chairman of the Branch.
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2008–2009
CA Referencer for NIRC of ICAI
Compiled the CA Referencer for the Northern India Regional Council of ICAI in December 2008, and its second edition in 2009.
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June 2009
OECD consultation, Paris
Participated in the consultation on the OECD Discussion Draft on the Transfer Pricing Aspects of Business Restructurings at OECD headquarters, Paris.
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2017–18
Registered Insolvency Professional
Registered with the Insolvency and Bankruptcy Board of India through the Indian Institute of Insolvency Professionals of ICAI.
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2018–2019
Resolution plans approved by NCLT Chandigarh
Argued resolution plans on behalf of resolution applicants and resolution professionals that were approved by NCLT Chandigarh.
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2021–2022
IIIPI study group publications
Part of the study groups behind two publications of the Indian Institute of Insolvency Professionals of ICAI, on group insolvency (2021) and quality control by insolvency professionals (2022).
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Today
Practice, insolvency, arbitration and training
Over 30 years in practice. Liquidator, monitoring professional and arbitrator; faculty for insolvency, valuation and Transfer Pricing programmes; member of several IIIPI study groups.
Track record
Insolvency Professional journey
CA Krishan Vrind Jain is a registered Insolvency Professional (IBBI) — experienced as resolution professional, liquidator and monitoring professional.
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Nine corporate insolvency resolution processes
Experience of nine CIRPs under the Insolvency and Bankruptcy Code, 2016.
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Before NCLT and NCLAT
Presents cases before the benches of the National Company Law Tribunal and the National Company Law Appellate Tribunal.
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Control, property and resolution plans
Experience in taking control of units and property and in preparing resolution plans, including in complex matters such as Macro Dairy Ventures Pvt. Ltd., Hind Motors India Ltd., Unico Leather Products Pvt. Ltd. and Ireo Five River Pvt. Ltd.
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Proposed liquidator
Proposed as liquidator by a Committee of Creditors of eight member banks, in a matter with assets of more than ₹150 crore.
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Insolvency Law Committee roundtables
Took part in two roundtable meetings on the IBC held by the Indian Institute of Insolvency Professionals of ICAI at the direction of the Insolvency Law Committee, which reviews how the Code is working and recommends improvements.
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Infrastructure and network
An office equipped for meetings, video conferencing and e-voting, and a network of Chartered Accountants, lawyers and enforcement agents experienced in IBC work.
Selected assignments
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Ireo Five River Pvt. Ltd.
Housing developer. Resolution plan concluded and approved by NCLT; now under implementation.
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Unico Leather Products Pvt. Ltd.
Resolution plan approved by the Committee of Creditors and NCLT, and implemented with CA Krishan Vrind Jain as Monitoring Professional.
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Hind Motors India Ltd. · Hind Motors Ltd. · Hind Motors Mohali Pvt. Ltd.
Appointed liquidator by NCLT for these Chandigarh-based companies. All assets have been liquidated; dissolution is pending, subject to litigation by the promoters.
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Devi Power
CIRP concluded by withdrawal under Section 12A of the Code.
Resolution plans argued before NCLT Chandigarh and approved
| Company | Order date | Details |
|---|---|---|
| Arcee Ispat Udyog Ltd. | 30 Aug 2018 | CA No. 197/Chd/Hry/2018 in CP (IB) No. 49/Chd/Hry/2017. |
| Recorders & Medicare Systems Pvt. Ltd. | 14 Sep 2018 | CA No. 84/2018 in CP (IB) No. 07/Chd/Hry/2017. |
| Quality Rice Exports Pvt. Ltd. | 04 Oct 2018 | CA No. 348/2018 in CP (IB) No. 48/Chd/Pb/2018. |
| Ambey Constructech Pvt. Ltd. | 20 Feb 2019 | CA No. 509/2018 in CP (IB) No. 09/Chd/Pb/2018. The first case of a resolution plan by the promoters of an MSME to be accepted, clearing Section 29A through the Section 240A exception inserted into the Code in 2018. |
| Vardhman Chemtech Ltd. | — | Resolution plan approved by NCLT Chandigarh. |
Matters listed are from public NCLT proceedings.
Transfer Pricing journey
International tax, at the source.
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9–10 June 2009
OECD consultation on business restructurings
Participated in the consultation on the OECD Discussion Draft on the Transfer Pricing Aspects of Business Restructurings at OECD headquarters, Paris.
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Faculty — ICAI Diploma in International Taxation
Teaches Transfer Pricing on the ICAI Diploma in International Taxation.
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Papers on Transfer Pricing
Presented papers on Transfer Pricing audit and the preparation of arm's-length pricing documentation at international and national forums.
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International taxation
Specialises in international taxation, alongside project financing, commercial litigation and domestic taxation.
Areas of expertise
Where Jainkv helps.
Transfer Pricing
Transfer Pricing documentation, benchmarking, Form 3CEB reporting and assessment support for related-party transactions.
ExploreIBC Resolution and Liquidation
Corporate insolvency resolution, resolution plans, liquidation and voluntary winding up under the Insolvency and Bankruptcy Code — led by a registered Insolvency Professional.
ExploreBusiness Finance
Project financing, profitability, working capital and financial modelling — turning financial information into business decisions.
ExploreSuccession Planning
Ownership, management, tax and group structure considered together, so a family business is ready for the transition.
ExploreCompliance
GST, TDS, income-tax returns and company and LLP filings — tracked, prepared and filed on time.
ExploreCFO Advisory
Virtual CFO support, budgeting, forecasting and investor reporting — a finance partner for leadership decisions.
ExploreMIS & Reporting
MIS, management reports, KPIs and dashboards built around the decisions your leadership makes.
ExploreAutomation
Practical automation and AI for reconciliations, reporting and document-heavy finance workflows — with people reviewing the exceptions.
ExploreStartup Finance
Clean books, correct registrations, budgets, runway planning and investor-ready reporting for early-stage companies.
ExploreAccounting
Reliable books, disciplined month-end closes and financial statements that leadership can trust.
ExploreSpeaking & training
Teaching the profession.
Faculty for insolvency, valuation and taxation programmes run by ICAI, IIIPI, the ICAI Registered Valuers Organisation, the Indian Institute of Corporate Affairs and the Income Tax Department.
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Post-qualification training for Resolution Professionals
Trainer for several batches of the post-qualification training course for Resolution Professionals.
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Pre-Registration Educational Course for IRPs
Faculty — Indian Institute of Insolvency Professionals of ICAI.
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Pre-Registration Educational Course for Valuers
Faculty — ICAI Registered Valuers Organisation.
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Certificate Course in Insolvency and Bankruptcy Laws & Procedure
Faculty for the three-month online course of the School of Corporate Law, Indian Institute of Corporate Affairs (Ministry of Corporate Affairs), IMT Manesar, Gurgaon.
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Lectures on insolvency law
Lectures on Insolvency and Bankruptcy Laws & Procedure at regional and national forums of ICAI and the Institute of Cost Accountants of India, and for IBBI programmes.
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ICAI post-qualification classes
Regular classes for ICAI over the last five years on KPO, communication skills and domain development.
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GMCS — Role of a Chartered Accountant
Takes the opening class of ICAI's General Management and Communication Skills course, for the last five years.
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Income Tax Department Training Institute, Chandigarh
Faculty.
Professional recognition
Service to the profession.
Elected and co-opted roles with the Institute of Chartered Accountants of India and the Indian Institute of Insolvency Professionals of ICAI.
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Chairman, ICAI Chandigarh Branch
Also Vice Chairman for 2005–06 and a member of the elected executive committee for 2004–2007.
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Professional Development Committee, ICAI
Co-opted member.
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Editorial Board, CA Journal (ICAI)
Co-opted member.
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Information Technology Initiatives Group, ICAI
Co-opted member.
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Direct Tax Committee, ICAI
Special invitee member; co-opted to the sub-group on drafting rules and forms under the Direct Tax Code.
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Expert Advisory Committee, ICAI
Co-opted member.
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Committee on Public Finance & Government Accounting, ICAI
Member of the sub-group studying "Improving Financial Discipline of Municipal Corporation of Shimla".
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IIIPI study groups
Currently a member of several study groups of the Indian Institute of Insolvency Professionals of ICAI.
Publications & research
Contributions to the literature.
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March 2021
Procedural and Substantive Aspects of Group Insolvency: Learnings from Practical Experiences
Study group publication, Indian Institute of Insolvency Professionals of ICAI.
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March 2022
Background Guidance on Quality Control by Insolvency Professionals
Study group publication, Indian Institute of Insolvency Professionals of ICAI.
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2008–2009
CA Referencer — NIRC of ICAI
Compiled the CA Referencer for the Northern India Regional Council of ICAI (22 December 2008) and its second edition (2009).
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Articles and papers
Contributor of articles to professional magazines; papers presented on taxation, accounting standards and finance at international and national forums.
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Research guide
Guided an Indira Gandhi National Open University research project on the procedure for transfer and transmission of shares in Indian companies.
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Research associate — intellectual property
Research on IPR issues relating to herbal extracts in India, the EU and the USA.
Credentials
Credibility, verified.
Qualifications & credentials
Fellow Chartered Accountant (FCA)
The Institute of Chartered Accountants of India (ICAI)
Associate member since December 1992; now a Fellow member. Membership No. 090495.
SourceInsolvency Professional
Insolvency and Bankruptcy Board of India — through the Indian Institute of Insolvency Professionals of ICAI
Registration No. IBBI/IPA-001/IP-P00284/2017-18/10528.
SourceCost Accountant (Associate Member)
The Institute of Cost Accountants of India (formerly ICWAI)
Associate member of the Institute of Cost and Works Accountants of India.
SourceArbitrator
Punjab & Haryana High Court
Empanelled arbitrator; recently appointed technical arbitrator by the Hon'ble Punjab & Haryana High Court.
Diploma in Information Systems Audit
The Institute of Chartered Accountants of India (ICAI)
Information systems audit qualification from ICAI.
Certified Forensic Auditor
The Institute of Chartered Accountants of India (ICAI)
Forensic audit certification from ICAI.
Bachelor of Laws (LLB)
Law degree.
Bachelor of Commerce (B.Com)
Commerce degree.
Certificate course in Visual Basic
Programming certificate.