Insolvency & Bankruptcy Code (IBC)

Restructuring the Ruins – Financial Rebirth through Legal Clarity

In the corporate world, businesses may rise with ambition, but economic stress, mismanagement, or external shocks can lead them toward financial distress. The Insolvency and Bankruptcy Code, 2016 acts as a structured rescue operation—a mechanism where failing enterprises are either revived through resolution or gracefully exited through liquidation, protecting the interests of creditors and the broader economy.

Think of IBC as the emergency room of the financial system, where time-bound treatment is administered to prevent the collapse of value and maintain trust in the credit ecosystem.

We at Anuj Desai & Associates bring multifaceted financial, legal, and strategic expertise to all stages of the IBC process.

Our Services

For Creditors:

Drafting and filing Insolvency Petitions before NCLT
Verification and validation of claims
Assisting with CoC participation, financial assessments, and voting rights
Reviewing Resolution Plans for feasibility and fairness

For Corporate Debtors:

Pre-assessment of insolvency position
Assistance in voluntary insolvency applications
Support with data room preparation, asset-liability reconciliation
Guidance through financial disclosures and statutory filings
Turnaround planning and advisory for revival

For Resolution Professionals / IPs:

Forensic audit and transaction review for avoidance of preferential, undervalued or fraudulent transactions
Asset valuation and liquidation assistance
Compliance and reporting to IBBI and NCLT
Preparation of Information Memorandum and financial statements

Valuation & Due Diligence Support:

Valuation of business, assets, goodwill, and equity under IBBI norms
Financial and legal due diligence for potential Resolution Applicants
Guidance in preparing compliant, investor-ready Resolution Plans

When Does a Business Need IBC Advisory?

Ongoing loan defaults with banks or NBFCs
Litigation from operational creditors or vendors
Persistent negative net worth or cash flow challenges
Investor disputes and exit planning
Strategic acquisition of stressed assets (for buyers)

Why Choose our CA Firm for IBC Services?

"IBC isn't just a legal procedure—it's a high-stakes financial surgery. A skilled CA firm like ours acts as both your financial physician and your compliance surgeon."

Deep understanding of financial restructuring, valuation, and taxation
Technical expertise in NCLT representation, forensic audits, and resolution drafting
Multidisciplinary collaboration with lawyers, valuers, and RPs
End-to-end advisory from stress recognition to resolution or liquidation

In today's volatile business world, financial distress is not the end—it's a signal for strategic redirection. The IBC offers companies and creditors a lifeline, but navigating it requires expertise, precision, and credibility. Reach out to Anuj Desai & Associates for holistic IBC advisory—because in financial crisis, the right advisor makes all the difference.

Alternative Investment Funds (AIF) Advisory & Execution

Unmatched Expertise, End-to-End Solutions

Navigating India's AIF landscape demands more than just compliance – it requires foresight, finesse, and financial acumen. At Anuj Desai & Associates, we bring decades of top-tier Chartered Accountancy experience and deep-rooted exposure across asset classes, fund structures, and regulatory frameworks to help you master the complex world of Alternative Investment Funds.

Whether you're a fund sponsor, fund manager, or investor, we deliver 360-degree solutions – from conceptualisation to ongoing compliance – with the precision, authority, and strategic clarity that only a leading CA firm can provide.

Our AIF Services – Precision-Led. Partner-Focused. Results-Driven.

AIF Structuring & Setup Advisory

Expert guidance on choosing the right AIF Category (I, II, or III)
Jurisdiction selection: Domestic AIF vs. IFSC (GIFT City)
Legal-structural advisory – trust, LLP, company-based fund vehicles
Coordination with legal counsel for Trust Deed, PPM, and Fund Documentation
Sponsor & Manager structuring with tax and regulatory optimisation
Engagement with SEBI, IFSCA and relevant regulatory bodies

Registration & Regulatory Liaising

End-to-end SEBI/IIFSCA registration support
Preparation and vetting of application forms and declarations
End-to-end liaising with SEBI including response to queries and deficiencies
Ongoing regulatory filings and reporting (PMLA, FATCA, CRS, etc.)

Fund Accounting & Administration

NAV computation and investor-level accounting
Capital call management, drawdowns and distribution waterfall monitoring
Performance fee & carry calculations
Investor MIS and financial reporting
Backend setup with fund admin software and ERP integration

Audit, Assurance & Valuation

Statutory audit of AIF and underlying SPVs
Valuation of portfolio assets as per IBBI/SEBI/Ind AS norms
Audit of carried interest computations and management fee models
Internal control audits & forensic assessments (if required)

Tax Structuring & Compliance

Domestic and cross-border tax structuring for AIFs and investors
Pass-through status and impact analysis (section 115UB, etc.)
Withholding tax advisory (domestic and NR investors)
GST on fund management services – interpretation and implementation
Filing of income tax returns, TDS returns, equalisation levy, etc.

Ongoing Compliance & Reporting

Periodic filings with SEBI, IFSCA and custodians
Investor communication packs, capital account statements
FATCA/CRS compliance & reporting
Assistance in preparing board notes and investor presentation packs
Risk, compliance and governance advisory

Transaction Support & Due Diligence

Pre-investment diligence on portfolio companies
Post-deal monitoring and financial oversight
Exit readiness and IPO support
Tax and regulatory due diligence for both portfolio and fund

IFSC (GIFT City) AIF Expertise

IFSC AIF structuring and registration under IFSCA
Tax holiday advisory and impact analysis under IFSC regime
Liaising with IFSCA and local authorities
IFSC-specific fund accounting and compliance

Who We Serve

Family offices & HNIs seeking bespoke fund vehicles
Venture capital and private equity sponsors
Hedge fund managers & wealth managers
Foreign institutional investors setting up India-dedicated AIFs
Fund administrators, custodians, and trustees

Why Partner with Anuj Desai & Associates?

CA-led advisory with real-time insights into fund structuring, tax and SEBI compliance
Seamless coordination between legal, tax, and compliance teams
Strong execution capability backed by deep regulatory experience
Unmatched domain knowledge in AIFs, PE/VC, REITs, InvITs, and fund finance
Confidential, solution-oriented, and strategic approach