Get in Touch
Your contact details will not be shared

What does the recovery of financial and operational debt mean?

Many aggrieved creditors and the debt-ridden companies come out seeking a solution offered by our debt recovery company from making the application till the closure of insolvency/liquidation process.

Documents required for applying:

  • Demand Notice
  • Company’s Ledger Account
  • Proof of transactions between the two parties
  • Bank Statements of the Operational/ Financial Creditor
  • Affidavit by the Operational creditor
  • Acknowledgement of Transaction and Copy of the Emails exchanged between 2 parties
  • Copy of the Legal Notice served by the Operational/ Financial Creditor
  • Affidavit – Bank Certificate –

What is the process of registration?

  • Drafting of Insolvency Petition assisted by our debt recovery agency
  • Filing of your matter with NCLT
  • Appearances by advocates and pleadings for the same
  • Final order from the NCLT
  • Recovery of Financial and Operational Debt from debt

Frequently Asked Questions

  • The Minimum Amount of debt in which an Operational/Financial Creditor can approach the NCLT under IBC, 2016 is 1 lakh rupees.