Posts

Insolvency Resolution Key features

Image
 Insolvency Resolution: The Code outlines separate insolvency resolution processes for individuals, companies and partnership firms. The process may be initiated by either the debtor or the creditors. A maximum time limit, for completion of the insolvency resolution process, has been set for corporate and individuals. For companies, the process will have to be completed in 180 days, which may be extended by 90 days, if a majority of the creditors agree. For startups (other than partnership firms), small companies and other companies (with asset less than Rs. 1 crore), resolution process would be completed within 90 days of initiation of request which may be extended by 45 days. The Insolvency and Bankruptcy Code (Amendment) Act, 2019 has increased the mandatory upper Time limit of 330 days including time spent in legal process to complete resolution process. Insolvency regulator: The Code establishes the Insolvency and Bankruptcy Board of India, to oversee the insolvency proceedings in
Post a Comment
Read more

Mahender Khandelwal

Image
 I am Mahender Khandelwal is a registered insolvency professional and a Chartered Accountant. I have completed the CIRP assignment of Bhushan Power and Steel Ltd. I bring over 26 years of experience that spans various areas within finance and financial advisory services. I specialize in the field of resource mobilization, financial restructuring of distressed companies, settlement of debt, and regulatory compliance. I have worked extensively on projects involving corporate debt restructuring, rectification advisory, restructuring and settlement of liabilities, fundraising, private placement of equity, OTS and expansion funding, etc. Or you can also follow me on facebook @ mahenderkhandelwalca or to know more visit:- https://mahenderkumarkhandelwal.blogspot.com/
Post a Comment
Read more

Bhushan Power and Steel Insolvency Professionals Mahender Kumar Khandelwal

Image
  I am Mahender Khandelwal is a registered insolvency and Chartered Accountant professional. Senior management and financial professional with wide experience spanning over 30 years in entire continuum of structuring, financing through debt and equity instruments. Management and turnaround of Special situations and Insolvency across wide spectrum of industries. Led Restructuring and Resolution of a large corporates (100+) across various sectors viz. Iron and Steel, Stainless Steel and utensils, System Packaging, Forging Industry, Pharma, Hotels, NBFC, Rice and Food Processing, Fertilizers, Biodiesel, Edible Oils, Biomass, Solar Panels, Power and Infrastructure, Textile, Education, Auto Component, Polymers, Electric Appliances, Plywood, Construction and Real Estate. Started BRS practice in BDO & PWC as Leader & Partner successfully resolved 20 plus cases in Insolvency under my leadership ranging fromm 200 crores to 50,000 crores.   Prior to that I was running my Bout
Post a Comment
Read more