Insolvency resolution process formats standardised for claims, public announcements, resolution plans, and compliance under corporate insolvency rules. Formats under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 are specified by circular for use in corporate insolvency resolution process matters. The circular prescribes notified formats for public announcement, written consent to act as resolution professional or authorised representative, list of assets and records, proof-of-claim forms for different classes of creditors, withdrawal of CIRP, invitation for expression of interest, two-stage approval of resolution plan, and the compliance certificate.
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Provisions expressly mentioned in the judgment/order text.
Insolvency resolution process formats standardised for claims, public announcements, resolution plans, and compliance under corporate insolvency rules.
Formats under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 are specified by circular for use in corporate insolvency resolution process matters. The circular prescribes notified formats for public announcement, written consent to act as resolution professional or authorised representative, list of assets and records, proof-of-claim forms for different classes of creditors, withdrawal of CIRP, invitation for expression of interest, two-stage approval of resolution plan, and the compliance certificate.
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