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Expert guidance through financial distress — from early restructuring to IBC.
IBC advisory, debt restructuring, resolution professional services, and distressed asset valuation — connected to empanelled professionals who engage and bill you directly.
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What is ibc, insolvency & debt restructuring?
Insolvency and restructuring advisory covers businesses in financial distress — from early-stage out-of-court debt restructuring to formal proceedings under the Insolvency and Bankruptcy Code (IBC) 2016. When a company cannot service its debt, it has two broad paths: restructuring (negotiating revised repayment terms with creditors outside a formal process) or formal insolvency (CIRP under IBC). IBC also provides a legal framework for creditors to recover dues from defaulting companies. Resolution Professionals and Insolvency Professionals who act as IRP/RP must be registered with the IBBI — they are connected to you directly through Lekha's panel.
Who it's for
Is this right for you?
- Businesses with unsustainable debt levels looking at pre-CIRP restructuring options
- Financial creditors (banks, NBFCs) seeking to initiate CIRP against a defaulting corporate debtor
- Operational creditors with unpaid dues above ₹1 crore from a company
- Promoters of financially distressed companies exploring One Time Settlement with banks
- Acquirers looking to acquire distressed businesses or assets through the CIRP process
When you need this
- Your company's debt-service coverage ratio has fallen below 1 and the bank is calling for restructuring discussions
- A creditor has served you an IBC demand notice under Section 8 (operational creditor) or Section 7 (financial creditor)
- You want to submit a resolution plan for a company undergoing CIRP
- Your bank has classified your account as NPA and initiated proceedings
- You're evaluating voluntary liquidation under Section 59 of IBC
What you get
Key benefits
IBBI-registered professionals for regulated roles
IRP, RP, and Liquidator roles must be performed by IBBI-registered Insolvency Professionals. Lekha connects you only to professionals with the required registration.
Pre-IBC restructuring where viable
Formal insolvency is costly and time-consuming for all parties. Our panel includes advisors experienced in out-of-court restructuring — One Time Settlements, debt-to-equity conversions, and RBI frameworks.
Registered Valuers for CIRP valuations
IBC requires two independent valuations of the corporate debtor's assets during CIRP — performed by IBBI-registered Registered Valuers. Our panel includes the right professionals for this mandated role.
Common questions
Frequently asked
What is the difference between CIRP and voluntary liquidation under IBC?
CIRP (Corporate Insolvency Resolution Process) is a creditor-triggered process to resolve insolvency — it can end in a resolution plan (the company survives under new ownership) or liquidation. Voluntary liquidation under Section 59 is a company-initiated process to wind up a solvent company (one that can pay all debts) — it is not a distress process but a clean closure mechanism for companies that have completed their purpose.
What is a demand notice under Section 8 of IBC?
Section 8 allows operational creditors (suppliers, employees, service providers) to demand payment of unpaid dues above ₹1 crore (threshold revised by the government from time to time) from a corporate debtor. If the debt is not disputed and is not paid within 10 days of the demand notice, the creditor can file for CIRP initiation before the NCLT. The demand notice is the mandatory first step before filing.
What is a One Time Settlement (OTS)?
An OTS is an agreement between a borrower and a lender to settle a debt for less than the outstanding amount — typically when the borrower is in distress but the lender prefers a reduced cash settlement to writing off the full amount. OTS negotiations are governed by the lender's internal policies and RBI guidelines. Our panel advisors assist in preparing and negotiating OTS proposals with banks and NBFCs.
How long does the CIRP process typically take?
The IBC specifies a 180-day CIRP timeline, extendable by 90 days, for a total maximum of 270 days. In practice, most CIRP proceedings take longer due to NCLT scheduling and litigation. From NCLT admission to resolution plan approval or liquidation order, 12–24 months is a common outcome for complex cases.
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