Pre-packaged insolvency process formats standardised for consents, creditor lists, claims, resolution plans and compliance reporting. Specifies prescribed formats under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021, as amended, for use in the pre-packaged insolvency resolution process. The formats cover written consent of insolvency professionals, list of creditors, approval of appointment and initiation, declarations by directors or partners, declaration regarding avoidance transactions, report of the insolvency professional, public announcement, list of claims, invitation for resolution plans, compliance certificate, and applications for termination or vesting of management with the resolution professional.
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Provisions expressly mentioned in the judgment/order text.
Pre-packaged insolvency process formats standardised for consents, creditor lists, claims, resolution plans and compliance reporting.
Specifies prescribed formats under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021, as amended, for use in the pre-packaged insolvency resolution process. The formats cover written consent of insolvency professionals, list of creditors, approval of appointment and initiation, declarations by directors or partners, declaration regarding avoidance transactions, report of the insolvency professional, public announcement, list of claims, invitation for resolution plans, compliance certificate, and applications for termination or vesting of management with the resolution professional.
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