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of <h1>Financial creditors can start the Corporate Insolvency Resolution Process using Form 01 under Rule 4(1) of Insolvency Rules 2016.</h1> Financial creditors can apply to initiate the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, as outlined in Form 01 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. This application is submitted to the Adjudicating Authority and follows the guidelines specified in sub-rule (1) of rule 4. The process is governed by statutory provisions under Chapter II or Chapter IV of Part II of the Code, which provides the legal framework for addressing insolvency and bankruptcy issues.
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