Serving of copy of applications to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016
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Service of insolvency applications: online submission with revised format and acknowledgement required before filing with adjudicating authority. Applicants initiating corporate insolvency resolution must serve a copy of the application to the Board via the Board's online facility before filing with the Adjudicating Authority; on submission the applicant receives an acknowledgment ID. The Board will forward received applications to the Information Utility, which will notify other creditors, require filing of information of default as per IU Regulations, and process defaults for issuance of Record of Default. A revised submission format and step by step guide are provided and the circular supersedes the earlier online intimation circular.
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Service of insolvency applications: online submission with revised format and acknowledgement required before filing with adjudicating authority.
Applicants initiating corporate insolvency resolution must serve a copy of the application to the Board via the Board's online facility before filing with the Adjudicating Authority; on submission the applicant receives an acknowledgment ID. The Board will forward received applications to the Information Utility, which will notify other creditors, require filing of information of default as per IU Regulations, and process defaults for issuance of Record of Default. A revised submission format and step by step guide are provided and the circular supersedes the earlier online intimation circular.
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