Insolvency is a state of financial distress in which a business or person is unable to pay their liabilities which may lead to the insolvency proceedings and legal action may be initiated against the insolvent person or entity before the NCLT and any appeal against the Orders of NCLT lie before NCLAT. The very purpose is the maximisation of the value of the assets and to work out plan for removal of the sickness of the business entity. In case there is no possibility for revival of the concern then Liquidation proceedings are commenced.

Documents required

  • Book of Accounts
  • And many more…..

The Cost for Consultation of Insolvency and Bankruptcy Code 2016 would vary from INR 4999/- to INR 29999/- depending upon the plan you choose.

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  1. For the selection of name of the company, total of four names can be given.
  2. Stamp duty is a state subject and it is different in every state, so that will be excluding the price given.
  3. Refund of money in 30 days.