1 / 8

Corporate Insolvency Resolution Procedure - Muds Management

CORPORATE INSOLVENCY - MEANING:<br>A company is declared insolvent if it is unable to pay its debts to its creditors.

Muds
Télécharger la présentation

Corporate Insolvency Resolution Procedure - Muds Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CORPORATE INSOLVENCY RESOLUTION PROCEDURE MUDS Management Pvt. Ltd.

  2. AN OVERVIEW Insolvency is a financial situation, where an entity or an individual is unable to meet the financial obligations liabilities over assets, whereas, Bankruptcy is a legal procedure where the court of law passes orders with respect to insolvency of an individual or entity and consequently passes orders for its resolution. due to excess of MUDS Management Pvt. Ltd.

  3. ” MEANING OF CORPORATE INSOLVENCY “A company is declared insolvent unable to pay its debts to its creditors.” insolvent if it is MUDS Management Pvt. Ltd.

  4. WAYS TO CHECK FOR CORPORATE INSOLVENCY There are two ways to check for corporate insolvency There are two ways to check for corporate insolvency The Cash The Cash- -Flow Test Flow Test The Balance Sheet Test The Balance Sheet Test MUDS Management Pvt. Ltd.

  5. FINANCIAL CREDITOR Financial Creditor could be any person to whom a business debt is owed or a person to whom such amount is legally assigned or transmitted. For example: Banks or other financial institutions. MUDS Management Pvt. Ltd.

  6. OPERATIONAL CREDITOR Operational Creditor could be any person to whom an operational debt is owed and includes any person amount has been legally assigned or transferred for goods or services done by them. to whom such For employees, government etc. example: vendors and suppliers, MUDS Management Pvt. Ltd.

  7. CORPORATE INSOLVENCY RESOLUTION PROCESS 1 1 3 3 5 5 Application Application to NCLT to NCLT Verification and Verification and Analysis of Claims Analysis of Claims Approval of the Approval of the “Resolution Plan” “Resolution Plan” Interim Resolution Interim Resolution Professional & Moratorium Professional & Moratorium Appointment of Appointment of Resolution Professional Resolution Professional 2 2 4 4 MUDS Management Pvt. Ltd.

More Related