Considerations for The Suppliers Dues Recovery Process
                     Considerations for The 
Suppliers Dues Recovery 
Process
 
 The Code enables suppliers dues recovery to commence an 
insolvency resolution process.
 The default amount by the debtor company should be at 
least one crore rupees.
 There should be undisputed debts.
Considerations for The Debtors
 A debtor company can also take the option of the Code for 
availing the resolution process. 
 If unable to pay creditors, a company can opt for an 
insolvency resolution process.
 The company can on its own approach the NCLT for the 
resolution purpose.
 The company may also use the Code for the voluntary 
liquidation process.
 The company wants to exit from the business.
 The assets of the company should be enough to set off the 
liabilities and also dissolve it.
Considerations for The Suppliers Dues R
ecovery Process
FAQs
 What is included in Financial Debts?
 What is included in Operational Debts?
 Who can initiate the CIRP?
 When can the CIRP be initiated?
 Can a financial creditor who has no default file an 
application of resolution?
Considerations for The Suppliers Dues R
ecovery Process
Thank You
Ancoraa Resolution
Address= 1412, Real Tech Park, Sector 30A, Vashi, Navi 
Mumbai, Maharashtra 400703
Call= 9818887904
Website= https://ancoraa.com/