IBC & Insolvency Support
We provide comprehensive advisory and coordination support for creditors, corporate debtors, and resolution applicants navigating proceedings under the Insolvency & Bankruptcy Code.
Request a consultationInsolvency and debt-distress situations move fast and involve overlapping stakeholders — promoters, lenders, resolution professionals, and creditors' committees. Krit Corp advises promoters, corporate debtors, and other stakeholders through Corporate Insolvency Resolution Process (CIRP) matters under the Insolvency and Bankruptcy Code, as well as pre-insolvency debt restructuring and one-time settlement (OTS) negotiations with lenders. IBC matters move on strict statutory timelines, and outcomes often depend on decisions made in the first few weeks.
Key Offerings
- Advisory to promoters and corporate debtors facing insolvency proceedings
- Due diligence support for resolution applicants and stakeholders in a CIRP
- One-time settlement (OTS) negotiation support with banks and financial institutions
- Debt restructuring advisory ahead of formal insolvency proceedings
- Section 29A eligibility review for prospective resolution applicants
- Representation and coordination with resolution professionals and the committee of creditors
Our Process
Assessment of the company's financial position and the stage of any insolvency proceeding
Identification of the available legal and negotiation pathways (OTS, restructuring, resolution plan)
Preparation of the documentation and financial disclosures the process requires
Representation and coordination with lenders, resolution professionals, or the NCLT as applicable
Ongoing advisory through to resolution, settlement, or closure of the matter
Frequently Asked Questions
What is the difference between an OTS and a formal CIRP?
A one-time settlement is a negotiated resolution directly with lenders outside the insolvency process, while a CIRP is a formal, time-bound statutory process under the IBC once initiated before the NCLT.
What is Section 29A and why does it matter?
Section 29A of the IBC disqualifies certain categories of persons — including those connected to defaulted or guaranteed debt — from submitting a resolution plan, and eligibility should be assessed early in any resolution process.
Can Krit Corp assist lenders or resolution applicants, not just promoters?
Yes, we advise across stakeholder types, including due diligence support for parties evaluating a resolution plan or asset within a CIRP.
Ready to get started?
Talk to us about your IBC requirements.