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of <h1>Corporate Debtor's Rep Must Declare Avoidance Transactions in Declaration Form P07 per Insolvency Regulations 2021</h1> The declaration form P07, under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021, requires a corporate debtor's representative to declare the existence or absence of avoidance transactions as per Chapter III or VI of the Insolvency and Bankruptcy Code, 2016. The representative must specify whether such transactions have occurred, detailing each transaction, the relevant section of the Code, the amount involved, and any remarks. The form includes space for additional details and supporting documents to be attached as Annexure-A. The declaration is submitted to the adjudicating authority.
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