About the Company
The client believes in Faith, Clarity, and Comfort. The customers have a new age Software to manage their own account (Online payment / report & monitor complaints / E-Receipts / Check Usage) via web & mobile application, in addition to the 100+ offices to oversee.
Industry Focus
High Speed Internet Connection Telephone Connections
Can be used for any future technology (IPTV/Google TV/Video-on-Demand etc.)
Build, manage & maintain the network.
Network is compatible with signals transmission for CCTV / Lift Alarm / Fire Alarm / BMS / IBS / e-Meter & Home Automation to Central Control Room.
Timeline
2020
- Approached In.Corp Advisory for Drafting plan for Acquisition of company under
2019
- Several small business in the same industry were acquired
2014
- Merged as Franchisee with leading Internet and broadband service provider company
1994
- Incorporated as a Private Limited Company
What was the client’s long-term vision?
To buy out the running business of the Company admitted under IBC and add value to its existing portfolio of corporate clients
To get the Credentials of the Company and accordingly enhance leadership position in the market and expand geographically.How did InCorp turn the client’s Vision to Reality
| Client’s Main Challenges | With InCorp |
|---|---|
| Understanding the compliance rules under the Insolvency and Bankruptcy Code 2016 was difficult. | Professionally drafted the resolution plan to meet the law’s criteria for content and compliance. |
| Buying the company via the NCLT route is a time-consuming procedure. | Ease out the procedure due to vast experience working with NCLT |
| Fears over post-acquisition litigation | Assisted in smooth acquisition without any litigation |
