Due Diligence services
The drastic change in restructuring reforms has lead more responsibility on insolvency professional to ensure that only those applicants must be considered for submitting resolution plan who are not related to defaulting management and also hold strong financial position. Our team at Hartley ensures that non of the rightful and eligible applicants are considered for submitting their resolution plans. We works beyond the boundaries specified by the code to achieve the purpose of code. Our team do not only works based on guidelines specified by the code, but also performs additional procedures to dig hidden truth.
Mergers & Acquisitions
We are always responsive to our clients' needs. The depth and breadth of our M&A practice enables us to deliver cost-effective and efficient services, all at reasonable rates. We work as an integrated team with experienced partner-level professionals in key areas such as tax, employee benefits, employment law, real estate, intellectual property and environmental law.
29-A Review Services
As per section 29A it is very clear that the defaulting promoters should not be in the driver’s seat once again. Section 29A disallows defaulting promoters and related persons from participating in resolution process of the corporate debtor. As per section 29A, eligibility factors of resolution applicant is being “stretched too far” and it become tedious task for resolution professionals to affirm any resolution applicant as ineligible.
As per the guideline of the code, resolution plan for any distresses account is said to be effective if it is commercially feasible and viable to maintain going concern of the company. The direction code clearly specifies that resolution plan must not be a buy deal, rather must focus to protect interest of all stakeholders of the company. We ensures that every resolution must meet the direction of the code