Insolvency Professional
Prakash K. Pandya is a registered Insolvency Professional with the Insolvency and Bankruptcy Board of India (IBBI). He has acted as Interim Resolution Professional, Resolution Professional, and Liquidator under the Insolvency and Bankruptcy Code 2016, supported by a dedicated team of valuers, security service providers, chartered accountants, forensic auditors, and law firms.
Corporate Insolvency Resolution Process (CIRP)
We represent financial creditors, operational creditors, and corporate debtors in CIRP proceedings before NCLT and NCLAT. Our work covers admission applications, Committee of Creditors strategy, claims verification, resolution plan evaluation, and appeals — informed by practical experience of what resolution plans actually look like from the inside.
Section 7, 9, and 10 applications before NCLT · CoC representation and voting strategy · Resolution plan bid structuring and financial modelling · Claims verification and admission challenges · Real estate CIRP — Part OC, deemed conveyance, secured creditor coordination · NCLAT appeals on CIRP-related orders · Site visit assessments and competitor analysis for resolution plans
Liquidation & voluntary liquidation
We act as Liquidator in both court-ordered liquidations and members’ voluntary liquidation under Section 59 of the IBC. Our approach emphasises orderly wind-down, ROC compliance, stakeholder communication, and timely NCLT filings to avoid unnecessary extensions.
Members’ voluntary liquidation under Section 59 · ROC report responses and compliance filings · Third-party audit coordination · NCLT applications for extension of liquidation period · NCLAT revival applications · Dissolution applications and execution proceedings · Parent company and subsidiary coordination
IBC advisory & thought leadership
Beyond acting as an Insolvency Professional, we advise creditors, promoters, and resolution applicants on IBC strategy. We also contribute to the development of insolvency law through publications in The Resolution Professional (IBBI journal), formal submissions on IBBI discussion papers, and the Limited Insolvency Examination — Case Laws Compendium eBook.
IBC enforcement and NCLT execution proceedings · Creditor advisory on waterfall priority and distribution · Resolution applicant strategy and due diligence · Pre-packaged insolvency process advisory · Cross-border insolvency awareness (UNCITRAL Model Law) · IBBI discussion paper analysis with comparative jurisdictional inputs (US, UK, Singapore)
Discuss your insolvency or restructuring matter with us.