IBBI-Registered Insolvency Professional · IRP · RP · Liquidator · Surat · Ahmedabad · Mumbai

Resolving distress with rigour, restoring value.

I'm CA Shreyans Shah — a Chartered Accountant, CFA Level 1 and IBBI-registered Insolvency Professional (IRP / RP / Liquidator), handling 100+ CIRP, liquidation, personal-guarantor and bankruptcy matters across NCLT benches. Founding Partner of Vista Solvency LLP and practising through Shah Kailash & Associates LLP — across Surat, Ahmedabad & Mumbai.

IBBI Registered IP CA & CFA L1 NCLT Empaneled Founding Partner · Vista Solvency LLP WIRC IBC Committee 2026–27
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CA Shreyans Shah — IBBI Insolvency Professional (IRP/RP/Liquidator), Surat
100+
Matters
IP
IRP · RP · Liquidator
IBBI-registered, NCLT empaneled
0
CIRP, liquidation, PG & bankruptcy matters
0
Years of IBC practice
0
NCLT benches represented
CA · CFA
Chartered Accountant, CFA L1
Bank Empanelments
State Bank of IndiaIndian BankBank of BarodaBank of IndiaIndian Overseas Bank& others
01 — About

A decade in the trenches of India's insolvency regime.

When creditors need resolution and businesses need restructuring — I step in. The work demands judgement under pressure, a transparent process, and the trust of every party at the table.

I'm a Chartered Accountant, CFA Level 1 and IBBI-registered Insolvency Professional, a Founding Partner of Vista Solvency LLP and practising through Shah Kailash & Associates LLP — working across Surat, Ahmedabad and Mumbai. My practice covers the full arc of the Insolvency and Bankruptcy Code — corporate insolvency resolution, liquidation, personal-guarantor matters and a dedicated portfolio of support services for the wider IBC ecosystem.

Over 100+ CIRP, liquidation, personal-guarantor and bankruptcy matters across NCLT benches nationally, I've built a practice from the ground up alongside my father and mentor, CA Kailash Shah.

"A resolved CIRP is a clean slate — not a permanent scar."

The principles stay constant across every engagement: follow the Code to the letter, run a transparent process, and keep every stakeholder informed. The same discipline applies to a contested resolution before the NCLT and to a routine compliance filing.

CA Shreyans Shah — IBBI Insolvency Professional (IRP/RP/Liquidator), Surat
CA Shreyans Shah
Insolvency Professional (IRP/RP/Liquidator) · CA · CFA L1
Flagship Portfolio

IP Support Services for the IBC ecosystem.

Specialist, behind-the-scenes support for Insolvency Professionals, resolution applicants, financial creditors, banks and legal counsel — the work that keeps a CIRP compliant, defensible and on timeline.

01

Bank Empanelment Consultancy

End-to-end support for empanelment with banks and financial institutions — eligibility, documentation and process guidance.

02

Resolution Plan Drafting & Review

Drafting and Section 30(2) compliance review — feasibility, viability and statutory checks tied to clause and figure.

03

Financial Projections & Restructuring

Fund-flow models, projections and restructuring workings that stand up to CoC and NCLT scrutiny.

04

Due Diligence

Transaction, avoidance and financial due diligence — preferential, undervalued and fraudulent transaction review.

05

SARFAESI Advisory

Advisory to creditors and stakeholders on SARFAESI action and its interplay with the IBC.

06

Personal Guarantor Insolvency

Support on personal-guarantor and bankruptcy matters under the Code — process, claims and documentation.

07

CIRP Process & Compliance

Claims verification, CoC coordination, valuation oversight and statutory filings through the CIRP timeline.

08

NCLT Application Drafting

Precise, relief-specific applications — including Section 19(2) non-cooperation and interlocutory matters.

09

Creditor & Stakeholder Advisory

Strategy and representation support for financial & operational creditors and resolution applicants.

Built for Insolvency Professionals Resolution Applicants Financial Creditors Banks & Lenders Legal Counsel
02 — Expertise

The full insolvency & restructuring lifecycle.

⚖️

Corporate Insolvency & Liquidation

Appointed as IRP, RP and Liquidator before the NCLT — running the CIRP as a going concern, verifying claims, convening the CoC, evaluating resolution plans and conducting liquidation where required.

  • CIRP Management
  • Liquidation
  • Claims Verification
  • Committee of Creditors
📑

Resolution & Restructuring

Resolution plan drafting and evaluation, Section 30(2) compliance, pre-insolvency restructuring and financial projections built for feasibility and viability.

  • Resolution Plans
  • Section 30(2)
  • Projections
  • Restructuring
👤

Personal Guarantor & SARFAESI

Personal-guarantor & bankruptcy insolvency support and SARFAESI advisory — navigating the interplay between secured-creditor enforcement and the Code.

  • Personal Guarantor
  • Bankruptcy
  • SARFAESI
🔍

Audit, Due Diligence & Advisory

Forensic and transaction due diligence, avoidance-transaction review and financial advisory — bringing a Chartered Accountant's rigour to every distress situation.

  • Forensic Review
  • Avoidance Transactions
  • Due Diligence
  • Valuation
Inside the Process

How a corporate insolvency unfolds.

A simplified walk-through of the CIRP journey — so every stakeholder always knows what comes next.

01

Application & admission

A financial or operational creditor — or the corporate debtor itself — files before the NCLT. On admission, a moratorium takes effect and an Interim Resolution Professional is appointed.

Day 0
02

Public announcement & claims

The IRP invites, collates and verifies claims, then constitutes the Committee of Creditors based on the financial debt owed.

03

Managing as a going concern

As IRP/RP, the company is run as a going concern — preserving operations, value and employment under the oversight of the CoC.

04

Resolution plans invited

An Information Memorandum is prepared and prospective applicants are invited. Plans are evaluated on feasibility, viability and compliance with the Code.

05

CoC approval & NCLT sanction

The CoC votes; once approved by the requisite majority, the plan is placed before the NCLT for sanction and becomes binding on all stakeholders.

Within statutory timeline
06

Resolution — or liquidation

A sanctioned plan revives the company under new management. Where no viable plan emerges, the matter moves to an orderly liquidation to maximise recovery.

03 — Sectors & Reach

Distress doesn't respect industry lines.

🏗️

Construction

🧵

Textiles

🏺

Ceramics

💊

Pharma

🏠

Real Estate

🧘

Wellness

Represented across NCLT benches —
AhmedabadDelhiMumbaiBangaloreChennai& others
04 — Principles

What the practice is built on.

🎯

Value preservation

Every decision is weighed against whether it preserves value for the stakeholders as a whole, within the objectives of the Code.

🛡️

Adherence to the framework

Timelines, disclosures and statutory duties are followed carefully, so outcomes rest on a sound and defensible process.

🔍

Transparency

Creditors, the corporate debtor and the authorities are kept informed throughout, supported by clear documentation.

🧩

Complete financial context

Audit, tax, valuation and advisory experience allow a situation to be understood in its full financial context.

⏱️

Diligence

Matters are handled with attention to detail and within the time frames the framework prescribes.

🤝

Even-handedness

An insolvency process serves many interests at once; the approach is measured and balanced across the parties involved.

05 — Insights

Notes on landmark IBC judgments & reform.

Plain-language breakdowns of the rulings and regulatory changes shaping insolvency practice — published regularly on LinkedIn.

Guide

What is CIRP? A plain-language guide

How corporate insolvency works in India — admission, moratorium, the CoC, resolution plans and timelines.

Read guide
Guide

Personal Guarantor Insolvency in India

The process for guarantors to corporate debtors — repayment plans, bankruptcy and what to expect.

Read guide
Guide

How resolution plans are evaluated

The Section 30(2) compliance checks, the CoC's commercial wisdom and the 66% vote, explained.

Read guide
Regulation

Valuation under the IBC, now IVS-aligned

What the 15 June 2026 Circular changes about how valuation reports must be conducted and documented.

Read on LinkedIn
Supreme Court

Extinguished dues can't resurrect a 29A bar

Cosmic CRF v. Myotic Trading (2026 INSC 608) and the clean-slate doctrine for resolution applicants.

Read on LinkedIn
IBBI Amendment

Dissolution without full liquidation

New Regulation 40E — a CoC-driven exit route for plan-less CIRPs where assets can't cover the costs.

Read on LinkedIn
CIRP Regulations

Operational creditors as CoC observers

How the 4th Amendment gives the largest OCs and statutory authorities a seat — and a record.

Read on LinkedIn
Practice Note

7 tests before you certify a plan

The RP's Section 30(2) compliance certificate as something to defend in cross-examination.

Read on LinkedIn
Practice Note

Drafting Section 19(2) applications that work

Why specific, relief-per-default drafting gets an operative order in one or two hearings.

Read on LinkedIn
Connect

Following the IBC, one ruling at a time.

I write regularly on LinkedIn — landmark judgments, IBBI circulars and practice notes for the insolvency community. Follow along, or reach out to connect.

0
Followers
0
Connections
Follow on LinkedIn Request to connect
CA Shreyans Shah — IBBI Insolvency Professional (IRP/RP/Liquidator), Surat
Shreyans Shah
IRP/RP/Liquidator · CA · CFA L1 · Surat
IBBI just issued new Guidelines for Conducting Valuation under the IBC — here's what changes.
♺ ArticleIBC · Valuation
Section 29A cannot disqualify you for a debt that no longer legally exists.
⚖ JudgmentSupreme Court
An RP doesn't approve a Resolution Plan — but a weak Section 30(2) check lands on you.
📌 Practice NoteResolution Plan
06 — Credentials

Qualifications, empanelments & contributions.

🎓 Qualifications & Registrations

  • Member, Institute of Chartered Accountants of India (ICAI)
  • IBBI-registered Insolvency Professional (IRP / RP / Liquidator)
  • Passed the IBBI Limited Insolvency Examination, 2025
  • CFA Level 1 qualified
  • CPE – Ireland
  • Articleship at SKP & Co., Mumbai

🏛️ Recognition & Engagement

  • NCLT empaneled for insolvency assignments
  • Bank empanelments — SBI, Indian Bank, Bank of Baroda, Bank of India, Indian Overseas Bank & others
  • Member, IBC Committee of WIRC of ICAI — 2026–27
  • Published author — ICAI Surat Branch e-newsletter on landmark IBC/NCLT judgments
  • Founding Partner, Vista Solvency LLP
  • Practising through Shah Kailash & Associates LLP — Surat · Ahmedabad · Mumbai
07 — FAQ

Questions, answered.

An Insolvency Professional is appointed under the IBC to manage a company in insolvency. Depending on the stage, that means acting as the Interim Resolution Professional, Resolution Professional or Liquidator — running the company as a going concern, verifying creditor claims, convening the Committee of Creditors, evaluating resolution plans, and conducting liquidation where no viable plan emerges.

They are specialist support engagements for the wider IBC ecosystem — other Insolvency Professionals, resolution applicants, financial creditors, banks and legal counsel. Typical work includes resolution plan drafting and Section 30(2) review, financial projections and restructuring models, due diligence, SARFAESI advisory, bank empanelment consultancy and NCLT application drafting.

Matters span construction, textiles, ceramics, pharma, real estate and wellness, before NCLT benches including Ahmedabad, Delhi, Mumbai, Bangalore, Chennai and others — 100+ CIRP, liquidation, personal-guarantor and bankruptcy matters in total.

Chartered Accountant and CFA Level 1, and an IBBI-registered Insolvency Professional who passed the IBBI Limited Insolvency Examination in 2025. Member of the IBC Committee of WIRC of ICAI for 2026–27, NCLT empaneled, and empaneled with several public-sector banks. Founding Partner of Vista Solvency LLP and practising through Shah Kailash & Associates LLP, across Surat, Ahmedabad and Mumbai.

Usually with an initial discussion to understand the matter and objectives, followed by an outline of the available options, the process and the likely timeline. All correspondence is treated as confidential.

Get in touch

Start a confidential conversation.

For professional enquiries on insolvency assignments or IP support services. Correspondence is treated as confidential.

Email
shreyans@mail.ca.in
Firms & Locations
Vista Solvency LLP · Shah Kailash & Associates LLP — Surat · Ahmedabad · Mumbai
LinkedIn
in/shreyansshahip
Confidential · or write directly to shreyans@mail.ca.in