Industries
Insolvency & Distressed Businesses
Insolvency and distressed-business situations require a specific combination of forensic capability, IBC knowledge, and financial analytical depth that most generalist CA firms don't hold. Our partners are IBC-certified, our forensic audit team is IBA-empanelled, and our track record includes transaction audits, forensic investigations, and assistance to Resolution Professionals across multiple CIRP processes.
Who This Is For
Resolution Professionals managing CIRP processes, lenders and financial creditors assessing transaction history, operational creditors, and other stakeholders who need independent forensic investigation, transaction audit, or financial analysis in an insolvency or distressed-business context.
What We Offer
- ✓Transaction Audit under IBC
- ✓Forensic Investigation
- ✓Fund Flow Analysis
- ✓Avoidance Transaction Analysis
- ✓Preferential Transactions Review
- ✓Undervalued Transactions Review
- ✓Fraudulent Transactions Review
- ✓Related Party Analysis
- ✓Asset & Liability Verification
- ✓Financial Statement Review
- ✓Assistance to Resolution Professionals
- ✓Valuation for Insolvency Proceedings
Our Approach
Define the look-back period and data scope.
Insolvency transactions are reviewed across specific statutory look-back periods. We identify the relevant window and gather all available financial and transactional data before we start analysis.
Follow the transactions across related parties and fund flows.
Avoidance transactions often involve related parties, benami structures, or layered fund flows. We trace transactions wherever they lead, not just within the corporate entity.
Produce reports that hold up at the NCLT.
Transaction audit and forensic reports in CIRP processes are submitted to Resolution Professionals, the NCLT, and creditors. Our reports are written to the standard those forums require.
Why SASVA & Associates
- ✓Partners certified in IBC (ICAI)
- ✓We are IBA-empanelled Forensic Auditor - up to and above ₹50 crore
- ✓75+ forensic and transaction audit assignments since 2018
- ✓Experience in insolvency resolution and rehabilitation of companies
- ✓Partners hold IBBI valuation qualifications alongside transaction audit capability
- ✓4 partners with Forensic Accounting and Fraud Prevention (FAFD) certification (ICAI)
Related Services
Frequently Asked Questions
Do your partners hold IBC certifications?
Yes. Several of our partners are IBC-certified through ICAI.
Can you assist a Resolution Professional directly during a CIRP?
Yes. Assistance to Resolution Professionals is a specific part of our insolvency services.
Can you trace fund flow and related party transactions in a pre-insolvency period?
Yes. Fund flow analysis and related party analysis covering the look-back period are core parts of our transaction audit methodology.
Do you also provide valuation for insolvency proceedings?
Yes. Valuation for insolvency proceedings is part of our valuation services, and our partners hold relevant IBBI qualifications.
Can you conduct forensic investigations in a CIRP where fraud is suspected?
Yes. Forensic investigation in insolvency contexts, including asset tracing and related party review, is part of our forensic audit practice.