Form No. Form- 01 - APPLICATION BY CORPORATE APPLICANT TO INITIATE PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS UNDER CHAPTER III-A OF THE CODE - Insolvency and Bankruptcy (Pre-Packaged Insolvency Resolution Process) Rules, 2021
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Pre-packaged insolvency initiation: structured application, creditor approvals, and prescribed annexures for corporate resolution proceedings. Form-01 prescribes the application content for initiating a pre-packaged insolvency resolution process under section 54C and rule 4: applicant and debtor identification; authorisation evidence; MSME or investment/turnover particulars under section 54A(1); particulars and creditor approvals for the proposed resolution professional; creditor-wise details of financial and operational debt including security and records of default; identification of non-related financial creditors and creditor approvals under section 54A(3); an affidavit verifying eligibility and reliance on listed documents; and a detailed annexure schedule of consents, reports, financials and statement of affairs.
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Provisions expressly mentioned in the judgment/order text.
Pre-packaged insolvency initiation: structured application, creditor approvals, and prescribed annexures for corporate resolution proceedings.
Form-01 prescribes the application content for initiating a pre-packaged insolvency resolution process under section 54C and rule 4: applicant and debtor identification; authorisation evidence; MSME or investment/turnover particulars under section 54A(1); particulars and creditor approvals for the proposed resolution professional; creditor-wise details of financial and operational debt including security and records of default; identification of non-related financial creditors and creditor approvals under section 54A(3); an affidavit verifying eligibility and reliance on listed documents; and a detailed annexure schedule of consents, reports, financials and statement of affairs.
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