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Task for IBC is task manager software to keep track of individual and team tasks and get them done faster. This allows Insolvency Professional Entity (IPE) in tracking tasks from beginning to end, delegating subtasks to teammates, and setting deadlines to make sure projects get done on time. Task management software, like Task for IBC, empowers teams to work more productively and efficiently with an aim to keep tasks in one place for an entity and improve collaboration between various members.
Our main object is to Providing end to end IT solution to the Insolvency Professional (IP), Insolvency Professional Entity (IPE) and Corporate Debtors under IBC, 2016. For this purpose, our main IT solution includes: Platform for CIRP / Liquidation Task Assignment to Team and follow up time bound manner under IBC,2016, CIRP / Liquidation process management includes Compliance part and Research and Development on CIRP Process / Liquidation process to expedite the process in time bound manner and maximizeutilization of human resources and timely Compliance with IBBI and Insolvency Agencies.
Today, with the help and guidance of Insolvency Professional we deliver the most comprehensive IT services to managed Insolvency Professionals, Insolvency Professional Entity across India. Our proven service portfolio meets the varying needs of insolvency professionals. Our known Quality Service allows us to provide all our customers with an efficient, seamless and worry-free “Remote IT department”. We are all the time try to make better and better service and solution.
Corporate Debtor (Entity)
In Insolvency and Bankruptcy code, 2016 “corporate debtor” means a corporate person who owes a debt to any person; “corporate person” means a company as defined in clause (20) of section 2 of the Companies Act, 2013 (18 of 2013), a limited liability partnership, as defined in clause (n) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009), or any other person incorporated with limited liability under any law for the time being in force but shall not include any financial service provider.
Scrutinizer refers to an Insolvency Professionals registered with Insolvency and Bankruptcy Board of India and acting as Interim Resolution Professional or Resolution Professional. Scrutinizer is responsible to arrange the electronic voting to be provided to the members of the Committee of Creditors who shall exercise their votes electronically to approve or reject particular resolution.
Authorized Representative (AR)
Authorized Representative is an Insolvency Professional appointed by Adjudicating Authority on behalf of specific class of creditors. Authorized Representative is a person who attend meeting of the Committee of creditors and is also responsible to take an instruction from each class of creditor through electronic voting and convey it to the Interim Resolution Professional or Resolution Professional. He shall act on instruction of each class of creditor in the meeting of Committee of Creditors.
In Advocates Act,1961 "advocate" means an advocate entered in any roll under the provisions of this Act. An individual who presents or argues another's case; one who gives legal advice and pleads the cause of another before a court or tribunal; a counselor. A person admitted to the Practice of Law who advises clients of their legal rights and argues their cases in court.
In Insolvency and Bankruptcy code, 2016 “creditor” means any person to whom a debt is owed and includes a financial creditor, an operational creditor, a secured creditor, an unsecured creditor and a decree-holder; “debt” means a liability or obligation in respect of a claim which is due from any person and includes a financial debt and operational debt
Venders are the service provider like News Paper Publication Agency, Valuers, Security agency or any other professionals appointed by Insolvency Professional during the process.
“Form G” INVITATION FOR EXPRESSION OF INTEREST (Under Regulation 36A (1) of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
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LIPL is Committed to Provide , Efficient and user-friendly e-auction platform to insolvency professionals , bankers and institutions for conducting the E-Auction
As per the requirement under Insolvency & Bankruptcy Board, 2016 r.w. Insolvency & Bankruptcy Board of India
Data Room (VDR)
Companies use virtual data rooms to store important documents: everything from financial and legal items to tax documents and client information. Businesses rely on filing cabinets and physical paper to access important information. VDRs are the ultimate back-up system for paperwork.
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9-C, Vardan Complex, Near Vimal House,
Lakhudi Circle, Navrangpura, Ahmedabad-380014