Regulation 35A compliance: resolution professionals must file Form CIRP 8 reporting opinions and determinations within prescribed insolvency timelines. Resolution professionals must form opinions and determinations on transactions potentially covered by avoidance and preferential provisions, and file Form CIRP 8 online reporting those opinions and determinations. The Form requires professional and corporate debtor identification, a checklist of covered transaction types, detailed particulars of each identified transaction (period, parties, beneficiaries, application date to the Adjudicating Authority and value), an assessment of potential loss to creditors, explanations for any failures to undertake the exercise, and attachments including loss workings and obstructing documents; it must be digitally signed, filed within the prescribed timeline, and accompanied by the applicable fee.
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.
Regulation 35A compliance: resolution professionals must file Form CIRP 8 reporting opinions and determinations within prescribed insolvency timelines.
Resolution professionals must form opinions and determinations on transactions potentially covered by avoidance and preferential provisions, and file Form CIRP 8 online reporting those opinions and determinations. The Form requires professional and corporate debtor identification, a checklist of covered transaction types, detailed particulars of each identified transaction (period, parties, beneficiaries, application date to the Adjudicating Authority and value), an assessment of potential loss to creditors, explanations for any failures to undertake the exercise, and attachments including loss workings and obstructing documents; it must be digitally signed, filed within the prescribed timeline, and accompanied by the applicable fee.
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