Corporate Insolvency Resolution Process (CIRP)
Managing the time-bound revival or restructuring process for distressed companies.
Learn moreInsolvency & Bankruptcy Code
When the numbers get difficult, process matters.
IBC 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.
Overview
When a business is under financial stress, time and process matter. We advise creditors, debtors and stakeholders through the Insolvency and Bankruptcy Code (IBC) — from demand notices and NCLT applications to claims, Committee of Creditors participation, resolution plans and orderly exits.
The practice is led by CA Krishan Vrind Jain, a registered Insolvency Professional with experience as resolution professional, liquidator and monitoring professional, and of presenting cases before NCLT and NCLAT benches.
Alongside advisory work, IBC training for professionals is a core part of the practice, bringing classroom clarity to real-world restructuring.
Services
IBC Resolution and Liquidation services
Case filing & NCLT representation
Drafting demand notices and filing Section 7 (financial creditor) or Section 9 (operational creditor) applications before the National Company Law Tribunal.
Learn moreCreditor & debtor advisory
Assisting with claim submissions, verification and Committee of Creditors (CoC) participation.
Learn moreResolution plans
Preparing resolution plans and presenting them for approval by the Committee of Creditors and NCLT.
Learn moreLiquidation & voluntary winding up
Overseeing asset realisation, distribution and lawful exits for solvent or insolvent entities.
Learn moreMonitoring of resolution plans
Monitoring the implementation of approved resolution plans as monitoring professional.
Learn moreIBC training
Training on the Insolvency and Bankruptcy Code for professionals and institutions, including Resolution Professionals.
Learn moreTrack record
Insolvency Professional journey
CA Krishan Vrind Jain is a registered Insolvency Professional (IBBI) — experienced as resolution professional, liquidator and monitoring professional.
30+
Years in practice
9
CIRP cases handled
5
Resolution plans argued & approved by NCLT
3
Companies in liquidation as liquidator
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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.