Insolvency and Liquidation Proceedings of Financial Service Provider and Application to Adjudicating Authority - Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
Insolvency and Liquidation Proceedings of Financial Service Provider and Application to Adjudicating Authority - Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
Rule 6 - Filing of application and application fee
Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
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Application filing requirements for insolvency proceedings: procedural compliance, administrator consent, electronic submission and post-dispatch. Filing must follow the Adjudicating Authority's procedural rules as per the relevant NCLT provisions until separate procedure rules are notified. ... Summary
Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
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Application filing requirements for insolvency proceedings: procedural compliance, administrator consent, electronic submission and post-dispatch.
Filing must follow the Adjudicating Authority's procedural rules as per the relevant NCLT provisions until separate procedure rules are notified. Applicants must notify any winding up petition; file the principal application in Form 1 with the prescribed fee, the proposed Administrator's written consent and declaration in Form 2, and other Form 1 documents. Applications and documents are to be filed electronically when available, with scanned bulky documents on approved storage devices permitted until then. Applicants must dispatch a copy to the financial service provider's registered office by registered or speed post. Withdrawal before admission may be permitted by the Adjudicating Authority.
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