Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional's written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor's proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors' meetings. The enclosed forms are to be used in the process as notified through circular.
IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional's written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor's proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors' meetings. The enclosed forms are to be used in the process as notified through circular.
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