FORM FOR PUBLIC ANNOUNCEMENT

[DR.MARIAPPAN GOVINDARAJAN]

Dear Experts,

I was appointed as IRP in one personal guarantor case. I have to issue public announcement. There is no prescribed format in the Code and regulations. Can any one can make it available to me.

Thanks in advance.

[Sadanand Bulbule]

Dear Sir

Is this what you intend to have?

FORM A

Public Announcement

(Under Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016)

FOR THE ATTENTION OF THE CREDITORS OF [NAME OF CORPORATE DEBTOR]

Relevant Particulars
	Name of corporate debtor
	Date of incorporation of corporate debtor
	Authority under which corporate debtor is incorporated / registered
	Corporate Identity No. / Limited Liability Identification No. of corporate debtor
	Address of the registered office and principal office (if any) of corporate debtor
	Insolvency commencement date in respect of corporate debtor
	Estimated date of closure of insolvency resolution process
	Name and registration number of the insolvency professional acting as interim resolution professional
9.	Address and e-mail of the interim resolution professional, as registered with the Board
10.	Address and e-mail to be used for correspondence with the interim resolution professional
11.	Last date for submission of claims
12.	Classes of creditors, if any, under clause (b) of sub-section (6A) of section 21, ascertained by the interim resolution professional	Name the class(es)
13.	Names of Insolvency Professionals identified to act as Authorised Representative of creditors in a class (Three names for each class)	1. 2. 3.
14.	Relevant Forms and Details of authorized representatives are available at:	Web link:….. Physical Address:…….

Notice is hereby given that the National Company Law Tribunal has ordered the commencement of a corporate insolvency resolution process of the [name of the corporate debtor] on [insolvency commencement date].

The creditors of [name of the corporate debtor], are hereby called upon to submit their claims with proof on or before [insert the date falling fourteen days from the appointment of the interim resolution professional] to the interim resolution professional at the address mentioned against entry No. 10.

The financial creditors shall submit their claims with proof by electronic means only. All other creditors may submit the claims with proof in person, by post or by electronic means.

A financial creditor belonging to a class, as listed against the entry No. 12, shall indicate its choice of authorised representative from among the three insolvency professionals listed against entry No.13 to act as authorised representative of the class [specify class] in Form CA.

Submission of false or misleading proofs of claim shall attract penalties.

Name and Signature of Interim Resolution Professional       :

Date and Place            :                                  

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

This is meant for Corporate Insolvency Resolution Process.  I asked is for insolvency resolution process by personal guarantor to corporate debtor.  I sought clarifications from IBBI.  IBBI  now clarified that the CIRP forms and not applicable to personal guarantor case.  Therefore the advertisement  may be in any form but includes the ingredients as contained in the Act and regulations.  

Thank you, Sir

[Sadanand Bulbule]

Dear Sir

Thanks for your quick associated clarification.

Warm regards

AI Summary

IRP Seeks Guidance on Public Announcement Format for Personal Guarantor Cases; CIRP Forms Deemed Inapplicable by IBBI An individual appointed as an Interim Resolution Professional (IRP) for a personal guarantor case sought guidance on issuing a public announcement, noting the absence of a prescribed format in the Code and regulations. A respondent provided a format under the Corporate Insolvency Resolution Process (CIRP) regulations, which was clarified as inapplicable to personal guarantor cases. The individual confirmed that the Insolvency and Bankruptcy Board of India (IBBI) clarified the CIRP forms are not suitable for personal guarantors, and any advertisement should include necessary elements as per the Act and regulations.