TaxTMI 
TaxTMI 
Reporting of status of ongoing corporate insolvency resolution processes (CIRPs) through Form CIRP 7
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....ities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Sub: Reporting of status of ongoing corporate insolvency resolution processes (CIRPs) through Form CIRP 7 Regulation 40A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ('CIRP regulations') provides a model timeline for ....
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.... No. Activity requiring filing of Form CIRP 7, if not completed by the specified date Timeline for filing Form CIRP 7 for the first time Timeline for subsequent filing of Form CIRP 7 (1) (2) (3) (4) 1 Public announcement is not made by T+3rd day Date specified in column (2) + 3 days X+30th day, X+60th day, X+90th day, and so on, till the activity is completed. 2 Appointment of RP is n....
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.... this circular. 6. This is issued in exercise of the powers under clauses (aa), (g), (h), (k) of sub-section (1) of section 196 of the Insolvency and Bankruptcy Code, 2016, and regulation 40B of the CIRP Regulations. Yours faithfully, Sd/- (Dr. Kokila Jayaram) Deputy General Manager Email: [email protected] Annexure-A Form CIRP 7 (To be submitted to the Board by the IRP/RP online whe....
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....ot completed within 180 days of commencement of insolvency. D. Reasons for delay 1A. Reasons /Status * Admission order received late * Stay by any court/authority * Any other: _______ 1B. Reasons /Status * Resolution not passed by CoC for appointment * AA order not received * Any Other: _______ 1C. Reasons /Status * Non -cooperation by suspended directors/KMPs etc. ....