Statement of Financial Position of Bankrupt requires comprehensive asset, debt and guarantee disclosures for personal guarantors under insolvency rules. Statement of Financial Position of Bankrupt requires submission of identification and bank details, a complete inventory of assets of the bankrupt and immediate family for the prior three years (including immovable and movable property, investments, insurance and excluded assets), particulars of guarantees including the corporate debtor, positions and securities and associate status, and an authorised Indian agent for service. It further requires financial disclosures: statements of assets and liabilities and full particulars of secured and unsecured debts, debts to associates, guarantees, business interests, wealth tax statements, trusts and other relevant information for the bankruptcy process.
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.
Statement of Financial Position of Bankrupt requires comprehensive asset, debt and guarantee disclosures for personal guarantors under insolvency rules.
Statement of Financial Position of Bankrupt requires submission of identification and bank details, a complete inventory of assets of the bankrupt and immediate family for the prior three years (including immovable and movable property, investments, insurance and excluded assets), particulars of guarantees including the corporate debtor, positions and securities and associate status, and an authorised Indian agent for service. It further requires financial disclosures: statements of assets and liabilities and full particulars of secured and unsecured debts, debts to associates, guarantees, business interests, wealth tax statements, trusts and other relevant information for the bankruptcy process.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
