Form No. FORM B - PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES- Regulation 7 - Fast Track Insolvency Resolution Process for Corporate Persons
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Proof of claim requirements for operational creditors under fast track insolvency ensure documented entitlement and disclosure for resolution processing. Submission of a Proof of Claim by an operational creditor under Regulation 7 requires Form B addressed to the Interim Resolution Professional/Resolution Professional, supplying creditor identification and contact details, total claim amount including interest as at the fast track commencement date, documents substantiating the debt, particulars of how and when the debt arose, disclosures of mutual credits, set-offs, retention of title, pending disputes or proceedings, bank account details for payment, and an accompanying affidavit attesting to the indebtedness and genuineness of evidence.
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.
Proof of claim requirements for operational creditors under fast track insolvency ensure documented entitlement and disclosure for resolution processing.
Submission of a Proof of Claim by an operational creditor under Regulation 7 requires Form B addressed to the Interim Resolution Professional/Resolution Professional, supplying creditor identification and contact details, total claim amount including interest as at the fast track commencement date, documents substantiating the debt, particulars of how and when the debt arose, disclosures of mutual credits, set-offs, retention of title, pending disputes or proceedings, bank account details for payment, and an accompanying affidavit attesting to the indebtedness and genuineness of evidence.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.