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        IBC

        Regulation 21 - Production of bills of exchange and promissory notes

        Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
        Chapter V
        CLAIMS

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        Production of negotiable instruments required before admission of debt claims in voluntary liquidation proceedings under insolvency regulation. Regulation 21 requires that a person seeking to prove a debt based on a bill of exchange, promissory note or similar negotiable instrument must produce the actual instrument to the liquidator before the claim can be admitted, making production an essential precondition for claim admission in the voluntary liquidation process.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Production of negotiable instruments required before admission of debt claims in voluntary liquidation proceedings under insolvency regulation.

                                Regulation 21 requires that a person seeking to prove a debt based on a bill of exchange, promissory note or similar negotiable instrument must produce the actual instrument to the liquidator before the claim can be admitted, making production an essential precondition for claim admission in the voluntary liquidation process.


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