Avoidance transaction declaration: disclose Chapter III or VI transactions in pre-pack filings with supporting annexures and signatory details. Form P7 requires an authorised corporate debtor representative to declare whether the debtor has been subject to any avoidance transactions within the scope of Chapter III or Chapter VI of the Insolvency and Bankruptcy Code. The form either affirms absence of such transactions or requires a tabulated disclosure of each transaction identifying the counterparty, the avoidance category, the amount involved, remarks, and an annexure of supporting documents, together with the signatory's identification and signature.
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.
Avoidance transaction declaration: disclose Chapter III or VI transactions in pre-pack filings with supporting annexures and signatory details.
Form P7 requires an authorised corporate debtor representative to declare whether the debtor has been subject to any avoidance transactions within the scope of Chapter III or Chapter VI of the Insolvency and Bankruptcy Code. The form either affirms absence of such transactions or requires a tabulated disclosure of each transaction identifying the counterparty, the avoidance category, the amount involved, remarks, and an annexure of supporting documents, together with the signatory's identification and signature.
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