TaxTMI 
TaxTMI 
TaxTMI 
Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020
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....d with sections 7, 8, 9 and 10 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby makes the following rules further to amend the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016, namely:- 1. (1) These rules may be called the Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020. (2) These rules ....
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.... means, before filing with the Adjudicating Authority."; (iii) in rule 7, for sub-rule (2), the following sub-rule shall be substituted, namely:- "(2) the applicant under sub-rule (1) shall serve a copy of the application to the Board by registered post or speed post or by hand or by electronic means, before filing with the Adjudicating Authority."; (iv) in FORM 1:- (a) after Part - V, for t....
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....having the following assignments in hand: Sl. No. Assignment as Number of Assignment(s) No. Name of corporate debtor Date of commencement of process Expected date of closure of process Corporate Processes 1 IRP 1 2 3 2 RP 1 2 3 3 Liquidator (including voluntary liquidations) 1 2 3 4 Authorised Representative 1 2 3 Individual Processes 5 Resolution Professiona....
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....rm 5A, if available, from the banks/financial institutions that maintains relevant accounts of the operational creditor."; (II) after "Annex VI", the following shall be inserted, namely: - "Annex VII Proofs of serving a copy of the application (a) to the corporate debtor, and (b) to the Board." (vii) after Form 5, the following Form shall be inserted, namely: - "Form 5A [Under section 9(3)(....