Who we help
Transaction audits for resolution professionals and creditors
Resolution professionals, liquidators and committees of creditors engage us to examine what happened before insolvency. We identify avoidance transactions, trace assets and support applications before the NCLT.
Typical situations
When to call us
Typical mandates under the Insolvency and Bankruptcy Code.
Services
How we help
Transaction audits (PUFE)
Identifying preferential, undervalued, extortionate and fraudulent transactions under sections 43–66 of the IBC.
Stressed-asset investigations
Establishing how value was lost through fund diversion, related-party dealings or manipulation of books.
Asset tracing
Locating assets and funds moved out of the corporate debtor, in India and abroad.
Resolution applicant due diligence
Background and eligibility checks on resolution applicants and promoters, including section 29A considerations.
Why Spectra Forensics
Why resolution professionals choose us
- Findings mapped to the specific IBC provisions they support
- Reports that resolution professionals can file with avoidance applications
- Fund-flow analysis that links transactions, parties and dates
- Familiarity with how value is moved out of companies before they fail
- Practical timelines that fit the CIRP calendar
Questions
Frequently asked questions
01What are PUFE transactions?
Preferential, undervalued, fraudulent and extortionate transactions under sections 43 to 66 of the Insolvency and Bankruptcy Code. A resolution professional or liquidator can apply to the NCLT to reverse them and recover value for creditors.
02When should a transaction audit be commissioned?
As early as possible in the CIRP. Avoidance applications are time-sensitive, and records and assets are easier to secure at the start of the process.
Related
Other specialisations
Boards, audit committees & management
Independent answers for boards and management
Independent investigations of fraud, misconduct and whistleblower complaints, reported to the board and defensible before regulators and courts.
Banks, NBFCs & financial institutions
Forensic audits for lenders and financial institutions
Forensic audits of borrower accounts, fund-diversion reviews, and internal and customer fraud investigations for lenders, insurers and fintechs.
Legal counsel & law firms
Forensic evidence for counsel and their clients
Forensic accounting, eDiscovery, loss quantification and expert evidence for in-house legal teams, law firms and their clients.
Confidential consultation
Discuss your matter with a senior expert.
Tell us what has happened. We will listen, advise on immediate next steps, and propose a scope, in strict confidence.