Model time-line for corporate insolvency resolution process

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....nt of IRP .... T Regulation 6(1) Public announcement inviting claims Within 3 Days of Appointment of IRP T+3 Section 15(1)(c) / Regulations 6(2)(c) and 12 (1) Submission of claims For 14 Days from Appointment of IRP T+14 ^7[* * * *] Regulation 13(1) Verification of claims received under regulation 12(1) Within 7 days from the receipt of the claim T+21 ^8[****] ^9[****] Section 21(6A) (b) / Regulation 16A Application for appointment of AR Within 2 days from verification of claims received under  regulation 12(1) T+23 Regulat....

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....60 days of commencement T+60 Invitation of EoI Submission of EoI At least 15 days from issue of EoI (Assume 15 days) T+75 Provisional List of RAs by RP Within 10 days from the last day of receipt of EoI T+85 Submission of objections to provisional list For 5 days from the date of provisional list T+90 Final List of RAs by RP Within 10 days of the receipt of objections T+100 ^6[Regulation 36B ssue of RFRP, including Evaluation Matrix and IM Within 5 days of the issue of the final list T+105 Receipt of Resolution Plans At least 30 days from issue of RFRP (Assume 30 days) T....

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....f commencement T+47" 5. Substituted vide Notification No. IBBI/2022-23/GN/REG093 dated 16-09-2022 before it was read as, "Section / Regulation Description of Activity Norm Latest Timeline Section 16(1) Commencement of CIRP and appointment of IRP .... T Regulation 6(1) Public announcement inviting claims Within 3 Days of Appointment of IRP T+3 Section 15(1)(c) / Regulations 6(2)(c) and 12 (1) Submission of claims For 14 Days from Appointment of IRP T+14 Regulation 12(2) Submission of claims Up to 90^th day of commencement T+90 ^2[Regulation 13(1) Verification of claims received under regulation 12(1) Within 7 days from the receipt of the claim T+21 Verificati....

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....cement T+75 RP to make a determination on preferential and other transactions Within   115   days   of commencement T+115 RP to file applications to AA for appropriate relief Within   135   days   of commencement T+135 Regulation 36 (1) Submission of IM to CoC Within 2 weeks of appointment of RP, but not later than 54^th day of commencement T+54 Regulation 36A Publish Form G Within   75   days   of commencement T+75 Invitation of EoI Submission of EoI At least 15 days from issue of EoI (Assume 15 days) T+90 Provisional List of RAs by RP Within 10 days from the last day of receipt of EoI ....