Proof of claim by financial creditors: mandatory particulars and supporting evidence required for fast track insolvency claim admission. Form C is the prescribed proof of claim for financial creditors under Regulation 8 of the Fast Track Insolvency Resolution Process. It requires creditor ... Summary
Referred In :
Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
Proof of claim by financial creditors: mandatory particulars and supporting evidence required for fast track insolvency claim admission.
Form C is the prescribed proof of claim for financial creditors under Regulation 8 of the Fast Track Insolvency Resolution Process. It requires creditor identification and contact details, the total claim amount inclusive of interest as at the fast track commencement date, documentary proof of the debt, particulars of debt origination, disclosures of mutual dealings and security, bank account details for transfer under a resolution plan, and a list of supporting documents. An affidavit and verification must affirm the claim, the genuineness of documents, absence or particulars of satisfaction or security, and include signature and authority where applicable.
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