Pre-Insolvency Assessment & Strategy
Evaluate debt classification, default, statutory eligibility, limitation and alternatives before commencing a process.
INSOLVENCY & RESTRUCTURING ADVISORY
IBC Strategy & Advisory
Strategic Insolvency Advisory. Creditor Protection. Business Resolution.
OUR SERVICES FOR IBC ADVISORY
Our IBC Strategy & Advisory Services
Practical support for creditors, corporate debtors and stakeholders across pre-insolvency assessment, CIRP, litigation and resolution.
Financial & Operational Creditor Advisory
Support creditor claims, statutory notices, initiation strategy, responses, claim verification and creditor protection.
Corporate Debtor Defence & Resolution Advisory
Assess insolvency applications, procedural objections, settlement options and business-continuity risks.
CIRP, CoC & Resolution Plan Advisory
Advise on stakeholder rights, committee processes, resolution plans, evaluation and statutory compliance.
NCLT, NCLAT & Insolvency Litigation
Support petitions, replies, applications, appeals and related insolvency proceedings.
Settlement, Liquidation & Post-Resolution Strategy
Evaluate lawful settlements, withdrawal, liquidation exposure, distribution and implementation issues.
KEY BENEFITS
Overview: Understanding IBC Strategy & Advisory in India
The Insolvency and Bankruptcy Code, 2016 provides a time-bound framework for resolution of corporate insolvency and, where necessary, liquidation. IBC strategy calls for a fact-based review of the applicant, debt and default, available records, creditor position, business viability and the procedural route. Advice depends on the circumstances and applicable law.
Considered for your next chapter.
Identify the appropriate route
Assess the facts, eligibility, default records and relevant statutory process before taking action.
Strengthen creditor position
Organise claims, supporting records and participation strategy for creditors.
Protect procedural rights
Track key notices, filings, hearings and statutory requirements through the process.
Support business resolution
Evaluate resolution possibilities and practical considerations for a viable business.
Coordinate stakeholder strategy
Bring creditors, corporate debtor representatives, professionals and advisers into a coordinated approach.
Prepare for litigation and hearings
Develop a considered response to applications, claims, objections and procedural issues.
Monitor milestones and timelines
Track critical process events and prepare for time-sensitive decisions.
Plan post-resolution outcomes
Coordinate implementation, handover, settlement or liquidation-related next steps as applicable.
WHO NEEDS THESE SERVICES?
IBC guidance for every key stakeholder
The Insolvency and Bankruptcy Code, 2016 provides a time-bound framework for resolution of corporate insolvency and, where necessary, liquidation. IBC strategy calls for a fact-based review of the applicant, debt and default, available records, creditor position, business viability and the procedural route. Advice depends on the circumstances and applicable law.
- Financial creditors
Banks, NBFCs and other lenders assessing initiation, claims, voting and resolution options.
- Operational creditors
Suppliers and service providers seeking to understand claims, notices and process options.
- Corporate debtors
Companies responding to applications, managing obligations and considering settlement or resolution.
- Promoters & directors
Individuals reviewing duties, process exposure and their role in a proposed resolution.
- Investors & resolution applicants
Prospective applicants reviewing process participation, eligibility and resolution-plan requirements.
- Resolution professionals & other stakeholders
Stakeholders coordinating claims, process steps, decisions and statutory compliance.
Clarity for what comes next.
COMPARATIVE ANALYSIS
IBC vs SARFAESI vs DRT vs Contractual Restructuring
An indicative overview of common recovery and resolution routes. Eligibility, rights and outcomes depend on the facts, governing documents and current law.
Comparative Analysis — Insolvency and Recovery Routes
| Parameter | IBC | SARFAESI | DRT Recovery | Contractual Restructuring |
|---|---|---|---|---|
| Primary objective | Insolvency resolution or liquidation | Enforcement of eligible secured interests | Recovery of debts through the tribunal process | Modify obligations by agreement |
| Initiating party | Eligible financial or operational creditor, or corporate applicant | Eligible secured creditor | Eligible applicant under applicable law | Parties to the relevant contracts |
| Forum | NCLT / NCLAT | Applicable statutory and enforcement process | DRT / DRAT | As agreed; court or tribunal involvement may arise |
| Minimum threshold | Applicable statutory threshold and eligibility requirements | Applicable secured-debt and statutory conditions | Applicable jurisdictional and procedural requirements | As provided by the relevant agreements |
| Moratorium / standstill | May apply after admission under the Code, subject to law | No general IBC moratorium; statutory restrictions may apply | No general moratorium by filing alone | Only where agreed or otherwise legally ordered |
| Potential outcome | Approved resolution plan or liquidation | Enforcement and recovery from secured assets | Recovery order or other relief under the process | Revised terms or settlement |
Section 7 vs Section 9 vs Section 10 — Key Differences
| Parameter | Section 7 (Financial Creditor) | Section 9 (Operational Creditor) | Section 10 (Corporate Applicant) |
|---|---|---|---|
| Applicant | Financial creditor | Operational creditor | Corporate debtor through an authorised applicant |
| Basis | Financial debt and default | Operational debt, default and statutory demand process | Corporate debtor’s default and statutory requirements |
| Demand notice | No Section 8 demand notice requirement | Section 8 demand notice and response process applies | Not applicable as a creditor demand notice |
| Pre-existing dispute | Not the same threshold as a Section 9 operational-debt dispute | A qualifying pre-existing dispute may affect admission | Applicant must meet applicable statutory requirements |
| Key documents | Loan agreements, financial records and default evidence | Invoices, demand notice, delivery and default evidence | Corporate approvals, financial records and default information |
| Common consideration | Limitation, default and completeness of records | Debt classification, dispute and notice compliance | Eligibility, approvals and accuracy of disclosures |
This comparison is for general information only. The appropriate route and applicable timelines should be assessed for each matter.
IBC ADVISORY PROCESS
A structured seven-stage approach
A considered process from eligibility and documentation through proceedings, resolution planning and implementation.
- 01
Insolvency Eligibility & Case Assessment
Review the debt, default, applicant eligibility, limitation and statutory requirements.
- 02
Documentary Due Diligence & Risk Analysis
Examine facility records, invoices, notices, financial information and evidence relevant to the matter.
- 03
Strategic Route Selection
Compare applicable IBC, recovery, litigation, settlement or restructuring routes.
- 04
Applications & Responses
Prepare or review applications, replies, supporting records and procedural filings.
- 05
NCLT Proceedings & Interim Strategy
Coordinate hearing preparation, interim applications and procedural responses.
- 06
CIRP, Claims & Resolution Plan Advisory
Support claim-related issues, CoC processes, resolution-plan review and stakeholder decisions.
- 07
Settlement, Appeal & Post-Resolution Support
Coordinate appropriate settlement, appeal, liquidation or implementation steps.
DOCUMENTS & REQUIREMENTS
Key Documents Required (Illustrative)
The checklist depends on the applicant, debt type, process stage and relief being considered.
- Facility, loan or service agreements and amendments
- Invoices, purchase orders, delivery records and account statements
- Loan account statements, financial contracts and repayment records
- Demand notices, statutory notices and proof of service
- Financial statements, balance sheets and relevant books of account
- Security documents, guarantees, charge records and collateral details
- Correspondence, acknowledgements, settlement discussions and default evidence
- Board resolutions, authorisations and corporate records
- Existing litigation, recovery proceedings, claims and orders
PROFESSIONAL FEES (INDICATIVE)
Fees based on case scope and process stage
Fees vary with claim value, complexity, forum, urgency, number of stakeholders and required representation. Applicable filing and professional costs are confirmed after reviewing the matter.
IBC Strategy & Assessment
On request- Eligibility and route assessment
- Initial document review
- Creditor and process-risk overview
- Recommended next steps
Proceedings & Resolution Support
Scope-based- Application, response or claim support
- Proceedings and hearing coordination
- Resolution-plan and stakeholder advisory
- Settlement, appeal or implementation support
Customised Quote
For complex ownership, activity-specific permissions, foreign participation or tailored requirements.
Get a QuoteGovernment charges, applicable taxes and third-party costs are confirmed separately as part of the proposed scope.
FREQUENTLY ASKED QUESTIONS
Browse all FAQs A few useful answers
Frequently asked questions about the IBC, creditor remedies and insolvency process.
What is the Insolvency and Bankruptcy Code (IBC)?
Who can initiate a corporate insolvency process?
What is the difference between a financial and an operational creditor?
Can an operational creditor file under Section 9 if a dispute exists?
What happens after a CIRP application is admitted?
How long does a CIRP take?
Can parties settle after an insolvency application is filed?
What documents are useful for an initial IBC assessment?
What are the fees for IBC advisory?
TESTIMONIALS
Clear advice. Practical direction.
Perspectives shared with permission by clients of our advisory teams.
Astronis Global brought clarity and commercial focus to a complex restructuring exercise. Their advice was practical, timely and easy for our leadership team to act on.
The team understood our regulatory requirements quickly and helped us move forward with confidence. We valued their responsiveness and disciplined follow-through.
Astronis Global provided dependable support across multiple registrations and approvals. Their communication was clear, structured and consistently professional.
INSIGHTS & EVENTS
View all insights Latest Articles, Updates and Events
Insolvency & Restructuring
IBC Proceedings in India: Eligibility, Procedure and Defence Strategy
Read insight
KNOWLEDGE CENTRE
Guides, checklists and templates
Guides and checklists to help organise information for an IBC case assessment and process review.
YOUR NEXT CHAPTER STARTS HERE
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Discuss eligibility, creditor rights, process risks and resolution options with our insolvency advisory team.
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