Insolvency & Bankruptcy Code (IBC)
With the introduction of IBC, 2016 in December 2016 Mr. Jain immediately registered himself as Insolvency Professional with the Insolvency & Bankruptcy Board of India (IBBI) and got his first case in February 2017. Here the process was set –but the goal was the same i.e. to assist the problem-facing units with a prime focus on resolution. As Mr. Jain is having huge experience in this field he has been working in this field successfully. He has worked for as many as 13 matters under IBC under various capacities – IRP, RP, and Liquidator.
With his ability to serve as a management consultant, he also took care of all units (as IP) and provided exemplary leadership to manage the unit as a “Going concern” –a prime rule under the code. With his wide contacts as a management consultant, he could source Resolution Applicants and provide successful Resolution Plans in some of the matters.