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of <h1>Rule 4 Requires Creditor's Responsibility Statement in Form CAA.1 for Corporate Debt Restructuring Schemes Under Section 230(2)(c).</h1> The Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, under Rule 4, mandate that any application to the Tribunal for a compromise or arrangement must include a creditor's responsibility statement in Form NO.CAA.1. This requirement applies specifically to schemes of corporate debt restructuring as outlined in section 230(2)(c) of the Act. Such schemes involve restructuring or altering a company's debt obligations to its creditors.
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