Dear Sir, I write on behalf of AAA Insolvency Professionals LLP, an Insolvency Professional Entity (IPE) registered with the Insolvency and Bankruptcy Board of India (IBBI) under the Insolvency & Bankruptcy Code, 2016 (IBC). We are the largest such IPE in the country and have been dealing solely with cases under the IBC since the Code was enacted. We currently have more than 34 partners in 14 offices all over the country with a staff strength of more than 250 who are capable of handling cases of any magnitude under IBC or Sarfaesi. IBC has given the status of an 'operational creditor' to any supplier of goods or services whose debt remains unpaid. Using said status, an operational creditor can file an application under the IBC for initiation of insolvency proceedings against any such debtor, which would essentially mean the losing control and custody of their business to the creditors of the company through a Resolution Professional, like us. Such proceedings generally result in quick payment to the creditors of the company, either through settlement or the sale of the company as a going concern to another person or through its liquidation. Either way, the operational creditors are most benefitted through the settlement of debt by the Companies else the Company will perish and promoters will lose the company. At times, the threat alone results in immediate settlement of dues by the debtor. We understand your firm is providing consultancy/auditing services to several of the entities/companies in India, we understand how bad debts may be affecting the financial status of these companies and would like to propose our services in the recovery of such debt for any entity under your purview. We would like to have a call with you to discuss how your clients can benefit from this revolutionary law. We also urge you to give us the names of such entities which might require our help in order to enable us to speak to the respective proprietors/ partners/ directors of the same at our end as well. In furtherance to the above proposal, we would love to discuss our business further, along with our potential assistance in the recovery of your debts. Looking forward to your reply. Thanks & Regards Rohit Mob: +918506801082 Phone: 011-4666 4651 Other Offices: Mumbai I Kolkata I Raipur I Chennai I Hyderabad I Kochi | Ahmedabad | Ludhiana | Bengaluru | Ranchi I Nagpur | |
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