• • DOCUMENT VERIFICATION

You will be required to share scanned copies of documents related to the property for verification by a lawyer

• • COMPLAINT DRAFTING

The application will be drafted and shared with you for your review and approval within 7 days of receiving the documents

• • FILING OF COMPLAINT

The application will be filed before the NCLT within 3 working days of approval of the draft

• • ADMISSION HEARING

The lawyer will make preliminary arguments before NCLT and get the Application admitted

• • APPOINTMENT OF RESOLUTION PROFESSIONAL (RP)

NCLT will confirm a Resolution Professional to oversee the process

• • CORPORATE INSOLVENCY RESOLUTION PROCESS

The resolution process comprises of various stages: 1) Publication of notice 2) Processing of claim 3) Information Memorandum 4) Meeting of Committee of Creditors (COC) 5) Call for resolution plan

• • ACCEPTANCE/REJECTION OF RESOLUTION PLAN

After receiving the resolution plan, the RP will conduct a meeting of COC for voting. If 66% of voting is done in favour of a resolution plan, then it will be adopted by COC

• • LIQUIDATION

In case where a resolution plan is not accepted, COC will opt for liquidation of such real estate company