Application to initiate corporate insolvency resolution process under sections 7 or 9 of the Insolvency and Bankruptcy Code, 2016, along with record of the default issued by the Information Utility
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Record of default requirement: creditors must obtain and attach Information Utility certification before filing insolvency petitions. Creditors initiating corporate insolvency must submit the information of default to the Information Utility, which will process it and issue the record of default required to be appended to insolvency applications; the Circular and NCLT order urge prompt production of the Information Utility certificate to enable effective hearing.
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.
Record of default requirement: creditors must obtain and attach Information Utility certification before filing insolvency petitions.
Creditors initiating corporate insolvency must submit the information of default to the Information Utility, which will process it and issue the record of default required to be appended to insolvency applications; the Circular and NCLT order urge prompt production of the Information Utility certificate to enable effective hearing.
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