Taxmann Cracker - Corporate Restructuring Valuation & Insolvency (CRVI) Book for CS Professional by N.S. Zad, Divya Bajpai

Corporate Restructuring, Valuation & Insolvency – CRACKER is a precision-engineered, examination-intelligence manual for CS Professional – Group 2 | Paper 6, fully aligned with the New ICSI Syllabus (2022) and applicable for the June/December 2026 examinations. The book is not designed as a conventional theory-driven textbook. Instead, it is editorially constructed as a marks-optimisation tool, built on a granular analysis of ICSI examination papers up to December 2025. Every chapter, question set, and answer format is shaped by how the Institute actually examines Corporate Restructuring, Valuation, and Insolvency—particularly in the post-2023 environment where case studies, application-based valuation problems, and insolvency-driven restructuring scenarios dominate.

The Present Publication is the 4^th Edition, authored by CS N.S. Zad and CS Divya Bajpai, with the following noteworthy features:

• [Fully Solved Previous Examination Questions] Covers all CS Professional Paper 6 questions up to December 2025, solved strictly in line with the latest ICSI examination pattern, marking logic, and presentation expectations
• [Topic-wise Arrangement of Past Exam Questions] Questions are organised chapter-wise instead of year-wise, enabling focused preparation of each examinable area without duplication or fragmentation
• [Updated Answers with Statutory and Judicial Alignment] All solutions are updated in accordance with relevant provisions of corporate law, valuation principles, and the Insolvency & Bankruptcy Code, supported by applicable case law wherever tested
• [Chapter-wise Marks Distribution] Each chapter is supported by historical marks data, clearly indicating its scoring weightage and relative importance in recent examinations
• [Previous Exams Trend Analysis] Year-wise trend tables identify examiner preferences across descriptive, practical, and case-study-based questions, allowing students to align effort with actual exam behaviour
• [Chapter-wise Comparison with ICSI Study Material] Every chapter is mapped directly to the corresponding ICSI Study Material chapter, ensuring syllabus traceability and eliminating the risk of under- or over-preparation

The book mirrors the three functional pillars of the Paper and covers the entire syllabus exclusively through solved examination questions:

• Part I – Corporate Restructuring
• Types of corporate restructuring
• Acquisition of company/business
• Planning and strategy
• Process of mergers and amalgamations
• Documentation in merger & amalgamation
• Accounting in corporate restructuring
• Taxation and stamp duty aspects
• Regulation of combinations
• Regulatory approvals of schemes
• Fast-track mergers
• Cross-border mergers
• Part II – Valuation
• Valuation of business & assets – I
• Valuation of business & assets – II
• A clear distinction between descriptive valuation theory and computation-oriented practical questions, as reflected in exam trends
• Part III – Insolvency, Liquidation & Winding-up
• Insolvency framework under IBC
• Application for Corporate Insolvency Resolution Process (CIRP)
• Role, functions, and duties of IP/IRP/RP
• Resolution strategies
• Convening and conducting Committee of Creditors meetings
• Preparation and approval of resolution plans
• Pre-packaged insolvency resolution process
• Cross-border insolvency
• Liquidation (including failure of the resolution plan)
• Voluntary liquidation
• Debt recovery and SARFAESI
• Winding-up by Tribunal under the Companies Act, 2013
• Strike-off and restoration of the company/LLP
• Dedicated case-study-based questions, reflecting their increasing dominance in recent exams

The structure of the book is as follows:

• Chapter-wise Marks Distribution & Trend Analysis to guide preparation sequencing
• Topic-wise Solved Questions aligned with examiner expectations
• Step-structured, Presentation-oriented Answers suitable for descriptive, practical, and case-study formats
• Direct Cross-reference to the ICSI Study Material chapters for every topic
• This structure enables students to prepare backwards from the examination pattern, rather than forward from abstract theory