We sale bank auction properties The Company is a dominant player in the field of providing One-Window Service, with core specialization in providing services under THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (“the Code”) by providing assistance to Bankers; and complete support to insolvency professional under CIRP & LIQUIDATION ( CORORATE INSOLVENCY RESOLUTION PROCESS AND LIQUIDATION) . The Company is committed to effectively, efficiently and within a time-bound framework, achieves the Resolution of the debts due to Creditors.
The Company values professionalism and maintains its integrity of the highest order and pursues its goals of creating and sustaining long term relationship with its clients while ensuring to pursue its activities within the laid down procedures and available legal framework, without ever compromising on ethics while maintaining complete confidentiality. We believe providing value addition by assisting insolvency / resolution professional/ Liquidator under the code for Decision-making Process to be made easier: Monitoring the management activities, Ability to Enforce and Change Management, Expediting and Streamlining the complete insolvency Process; and unlocking the realizable potential of Non-Performing Assets through our due diligence, core competence, technical skills in a tight time bound manner as prescribed in code and to avoid the serious economic deterioration of assets due to delays in resolution process.
R Square Resolution Private Limited has been promoted by GIS Mumbai Private Limited; and group of professionals from diverse fields with outstanding Caliber, and intends to be the most effective NPA / Bad Debts Management Company in India through various structures/ remedies /procedures currently available within the legal framework of the Insolvency and Bankruptcy Code, 2016.Its promoter company GIS Mumbai has been in NPA management since 2006 and has assisted 21 nationalized banks for more than 1200 cases and assets worth of Rs. 25000 Crores.
Our company R Square Resolution Private Limited (“RSR”) with its appropriate credentials proposes to offer, UNDER ONE ROOF, a wide array of services to help banks, financial institutions and other financial creditors in channelizing resources and realizing value out of NPAs locked with them, through the new law “THE INSOLVENCY AND BANKRUPTCY CODE, 2016”. It aims to become the most influential advisor in this business segment with right/correct information, complete knowledge and its application. Likewise the company provides consultancy to operational creditors and corporate debtors to resolve
The Company is working with a STRONG TEAM OF PROFESSIONALS from diverse background such as Chartered Accountants, Company Secretaries, Cost Accountants, Insolvency Professionals, Advocates, Registered Valuers, Engineers, Industry Experts, Ex-bankers, and Administrators etc. and each one of them brings in rich and valuable experience to the table. Growing opportunities in this business segment is expected to keep the team challenged, which translates into quick and right results.
Our company (RSR) provides “Single Window” complete solution, covering, under one roof, entire range of services connected with operation of various provisions contained in the Insolvency and Bankruptcy Code, 2016 along with all rules and regulations framed there under. Our experts advise the clients on a broad spectrum of Corporate Insolvency and focus their energies on finding viable and sustainable solutions are bespoke to a client’s needs and requirements
Resolution Plan & Investors
Our expertise in formation of resolution plan according to the law and finding investors for (Bank auction properties)within the specific time frame of 180 days for the same. Formation of Resolution Plan is the most important part of the Corporate Insolvency Resolution Process, which includes the determination of liquidation value of the Corporate Debtor. Resolution Plans defined u/s 5(26) of the Insolvency and Bankruptcy Code 2016 as under: “Resolution Plan” means a plan proposed by resolution applicant for Insolvency Resolution of the Corporate Debtor as a going concern in accordance with Part II of the Code. In accordance with the provisions of Regulation 38 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the contents of the Resolution Plan will broadly include the following: 1. Identify the specific sources of funds that will be used to pay the Insolvency Resolution Process Costs, Liquidation Value due to Operational Creditors and Dissenting Financial Creditors; 2. Include a statement as to how it has dealt with interest of all stakeholders.
3. Provide the term of the Resolution Plan, its implementation schedule, management and control of Cooperate Debtor‟s business during its term, means for supervision of its implementation etc.
4. Contain details of the Resolution Applicant and other connected persons ( like convictions, pending criminal proceedings, disqualifications under the Companies Act, 2013, orders or directions issued by SEBI, categorization as a willful defaulter, etc.) to enable the CoC to assess their credibility
