AAA Insolvency Professionals LLP is a limited liability partnership promoted by experienced professionals who are already working together for the last several years with the objective to combine the relevant experience and resources to provide best service in the field of Insolvency and Bankruptcy practice under IBC, 2016. The existing group of Chartered Accountants, Advocates, Company Secretaries, Valuers and persons with managerial capabilities are already working together under the banner of following organisations: –
AAA Capital Services Private Limited (India’s largest ‘Resolution and Enforcement Agents’ under Sarfaesi Act; already working for all PSU Banks in India, most private and co-operative banks and ARCs and NBFCs; the Company has handled more than 13,000 cases under Sarfaesi Act; have operations in 18 states of India; employs more than 150 full time human resources.)
A K G & Co., Chartered Accountants (a midlevel CA firm having vast experience in handling assignments like accounting, auditing, compliances and specialises in bank loan syndication, structuring and restructuring of debt, preparation of business plans for equity and debt funding, preparation of schemes for BIFR, rehabilitation and nursing of units, technical and financial viability studies,Due diligence exercise for VC funding, valuation of shares, etc.)
AAA Insolvency Professionals LLP is India’s first ‘Insolvency Professional Entity’recognised by Insolvency and Bankruptcy Board of India on 1st March, 2017 under Insolvency and Bankruptcy Code, 2016. ‘Insolvency Professional Entity’ is defined under Regulation 13 of IBBI (Insolvency Professionals) Regulations, 2016 and as defined under section 2(1)(j) of IBBI (Corporate Insolvency Resolution Process) Regulations, 2016. The entity is established with its key objective of providing all kind of professional services, assistance, consultancy and to act as Insolvency Professionals (in the individual names of partners) in cases related to Insolvency and Bankruptcy Code, 2016.
This LLP entity is promoted by directors and Key Managerial Personnel of AAA Capital Services Private Limited. This company is managed by experts in various fields such as Chartered Accountants, Lawyers, Company Secretaries and financial and management geniuses to provide full range of services to banks and other companies under Sarfaesi Act. This Company is presently working for following customers: –
All PSU banks in India for their offices across 18 states of IndiaAll scheduled and private banks in India across 18 states of India.Most NBFCs, to whom the provision of Sarfaesi Act is applicable.Most ARCs, who are recovering their debts under Sarfaesi Act. Most Co-operative and Gramin banks
The promoters and Key Managerial Personnel of this LLP entity has following relevant experience: –
Handling more than 13,000 cases under Sarfaesi Act and its scope of work include all the procedures and processes as laid out under the Sarfaesi Act for recovery of bank dues by enforcement of security interest. Taking physical control and possession of more than 1250 factories, properties and assets mortgaged with the banks after taking help of police and other local authorities Have taken more than 5000 Symbolic Possessions of assets and have taken more than 2000 orders from DM/CMM for taking over assets of defaulting units.
The entity have already developed relevant infrastructure for the operations of Insolvency and Bankruptcy practice such as : –
Human resources spread over 18 states. Advocates on panel in most cities for local matters.Insolvency Professionals empanelled in most cities (in process)Panel of Valuers for valuation of Land & Building, Plant & Machinery, financial assets, etc.Security Agencies across most cities for watch and ward of the assets taken over.