CONDUCT OF THE FAST TRACK PROCESSInsolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
CONDUCT OF THE FAST TRACK PROCESSInsolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
Claims by financial creditors: electronic proof of claim and specified documentary evidence required to establish debt in insolvency proceedings. Claims by financial creditors must be filed electronically in Form C with the interim resolution professional, with supplementary documents permissible ... Summary
Claims by financial creditors: electronic proof of claim and specified documentary evidence required to establish debt in insolvency proceedings.
Claims by financial creditors must be filed electronically in Form C with the interim resolution professional, with supplementary documents permissible before the committee is constituted. Debt existence may be proved by information utility records or by a financial contract with supporting financial statements, drawdown records, financial statements showing non-repayment, or a court or tribunal order adjudicating non-payment.
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