Application to initiate prepackaged insolvency resolution process [ Section 54C ]
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.... 54A, a corporate applicant thereof may file an application with the Adjudicating Authority for initiating pre-packaged insolvency resolution process. Filing of application [ Section 54C(2) read with Rule 4 of IBBI (prepackaged insolvency resolution process) Rules, 2021 ] * The application under section 54C(1) shall be filed in form 1, containing such particulars, in such manner and accompanie....
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....isions in respect of avoidance of transactions under Chapter III or fraudulent or wrongful trading under Chapter VI, in form P7 as may be specified; [ Read with Regulation 16 of IBBI (prepackaged insolvency resolution process) Regulation, 2021 ] * (d) information relating to books of account of the corporate debtor and such other documents relating to such period as may be specified. [ Read with....