Winding-up petitions for inability to pay debts must be transferred to the insolvency Tribunal and meet Code admission requirements. Transfer of winding-up petitions under clause (e) of section 433 for inability to pay debts is required from High Courts to the Tribunal under section 419(4) and to be dealt with under Part II of the Code. Petitioners must submit all information for admission under sections 7, 8 or 9 of the Code, including proposed insolvency professional details, excluding records transferred under rule 7, by the prescribed deadline, failing which the petition shall stand abated. Parties may thereafter file fresh applications under the Code; certain petitions remaining in High Court as of 15 December 2016 are excluded from transfer.