Revival and Rehabilitation
Is your company struggling with financial distress, declining operations, or mounting liabilities?
The Revival and Rehabilitation framework under Indian corporate laws offers a lifeline to sick or financially weak companies. Instead of shutting down, businesses can revive operations, restructure debts, and regain financial stability with legal support. This process protects employees, creditors, shareholders, and ensures business continuity through a strategic rehabilitation plan. However, many organizations are unaware of the procedure, documentation, and NCLT-driven process involved. We Aarthika assist companies in preparing revival plans, negotiations, compliance, and filing before the Tribunal.
Documents Required
- Latest audited financial statements
- List of creditors & liabilities
- Statement of affairs (SOA)
- Revival & rehabilitation proposal
- Cash flow projections & turnaround plan
- Board Resolution for filing
- Auditor & CA certificates
- Proof of financial stress (defaults, NPA reports, notices)
- NCLT forms, affidavits & supporting papers
FAQs
When the company is unable to pay debts, shows continuing losses, or risks becoming sick.
Debt restructuring, asset revaluation, capital infusion, operational changes, repayment schedule, and management restructuring if needed.
Business continuity, protection from creditors, reduced penalties, reorganized operations, and preservation of jobs and assets.
Yes. If revival fails or is not feasible, NCLT may order liquidation.
Absolutely. MSMEs can seek revival through simplified mechanisms and restructuring support.