TaxTMI 
TaxTMI 
Formats under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021.
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....ts are hereby specified: Sl. No. Regulation Description Form 1. Regulation 7(1) Written Consent Form P1 2. Regulation 14 List of Creditors of the Corporate Debtor Form P2 3. Regulation 14(5) Approval of Terms of Appointment of Resolution Professional Form P3 4. Regulation 14(7) Approval for Initiating Pre-packaged Insolvency Resolution Process Form P4 5. Regulation 15(iii) Written Consent to Act as Authorised Representative Form P5 6. Regulation 16(1) Declaration by Director/Partners Form P6 7. Regulation 16(2) Declaration Regarding Existence of Avoidance Transaction(s) Form P7 8. Regulation 17 Report of the Insolvency Professional Form P8 9. Regulation 19(2) Public Announcement Form P9 10. Regulation 20 List of Claims Form P10 11. Regulation 43 Invitation for Resolution Plans Form P11 12. Regulation 49(1) Compliance Certificate Form P12 13. Regulation 49(4) Application for Termination of Pre-packaged Insolvency Resolution Process Form P13 14. Regulation 51 Application for Vesting Management with Resolution ....
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....tion professional / resolution professional of the corporate debtor under regulation 7 of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 and other applicable provisions of the Code and the Regulations. d. I shall make the disclosures in accordance with the code of conduct for insolvency professionals set out in the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Date: Place: (Signature of the insolvency professional) Registration No.________ Authorisation for assignment (AFA)No._____ Date of expiry of AFA_______ (Name in block letters) (Name of insolvency professional entity, if applicable) FORM P2 LIST OF CREDITORS OF [NAME OF CORPORATE DEBTOR] (Under regulation 14 of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021) AS ON [DATE] (Amount in Rs.) List of financial creditors (unrelated) I II III IV Sl. No. Name of creditor Amount of claim % of claim 1 2 3 &....
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....ssional for the pre-packaged insolvency resolution process of [name of corporate debtor]. Sl. No. Name of creditor(s) Amount of debt* Percentage of debt* Vote Assent Dissent Abstain I II III IV V VI VII 1 2 3 Total 6. The above-mentioned creditor(s), also approved the following terms of appointment of the [name of proposed resolution professional] :- Sl. No. Particulars Fee (Amount in Rs.) Remarks I II III IV 1 Fee payable to the resolution professional for performing duties under sub-section (1) of section 54B 2 Fee payable to the resolution professional and expenses to be incurred by him for conducting the process under section 54F 3 Fee payable to the resolution professional and expenses to be incurred by him in case management of the corporate debtor is vested with him under section 54J 7. That [name of credit....
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....P5 WRITTEN CONSENT TO ACT AS AUTHORISED REPRESENTATIVE (Under regulation 15(iii) of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021) From [Name of the insolvency professional] [Registration number of the insolvency professional] [Registered address of the insolvency professional] To [Name of resolution professional], the resolution professional of pre-packaged insolvency resolution process of [name of corporate debtor] Subject: Written Consent to act as an authorised representative. 1. I, [name], an insolvency professional enrolled with [name of insolvency professional agency] and registered with the Board, note that you have proposed to appoint me as the authorised representative of financial creditors in a class [specify class] in the pre-packaged insolvency resolution process of [name of the corporate debtor]. 2. I hereby give my consent for the proposed appointment. 3. I am having the following processes in hand :- Sl. No. Role as Number of processes on the date of consent I II III 1 Interim Resolution Professional 2 Resolution Professional in-....
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....f India (Pre-packaged Insolvency Resolution Process) Regulations, 2021, held on [date of meeting]. iv. The details of the corporate debtor Sl. No. Title Details I II III 1 Name of the corporate debtor 2 Registered address of the corporate debtor 3 Date of incorporation of the corporate debtor 4 Estimated date for filing the application with adjudicating authority for initiating pre-packaged insolvency resolution process v. The contents of this declaration are true and correct and that we have concealed nothing and that no part of it is false. Date: Place: (Signature of the Director/Partner) (Name in block letters) DIN-_______ Address: _______ Date: Place: (Signature of the Director/Partner) (Name in block letters) DIN-_______ Address: _______ (To be signed by all the directors/partners mentioned in Point-1) FORM P7 DECLARATION REGARDING EXISTENCE OF AVOIDANCE TRANSACTION(S) (Under regulation 16(2) of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021) ....
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.... a. the corporate debtor has not undergone pre-packaged insolvency resolution process or completed corporate insolvency resolution process, during the period of three years preceding the date of making of the application; b. the corporate debtor is not undergoing a corporate insolvency resolution process; c. no liquidation order has been made in respect of the corporate debtor; d. majority of directors / partners of the corporate debtor have made a declaration in Form P6 pursuant to clause (e) of sub-section (2) of section 54A; [Attachment] e. the members of the corporate debtor have passed a special resolution or three-fourth of the total number of partners of the corporate debtor have passed a resolution approving the filing of the application for initiating pre-packaged insolvency resolution process; f. the creditors of the corporate debtor representing [percent] of debt* have approved the proposal for appointment of resolution professional, as required under clause (e) of sub- section (2) of section 54A in Form P3; g. the creditors of the corporate debtor representing [percent] of debt* have approved the proposal for ....
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.... (Signature) Name and of resolution professional: Date: Place: FORM P10 LIST OF CLAIMS (Under regulation 20 of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021) As on ___________ (Amount in Rs.) Sl. No. Category of creditor Summary of claims Amount of contingent claims Details in Annexure Remarks, if any No. of claims Amount I II III IV V VI VII 1 Secured financial creditors belonging to any class of creditors 1 2 Unsecured financial creditors belonging to any class of creditors 2 3 Secured financial creditors (other than financial creditors belonging to any class of creditors) 3 4 Unsecured financial creditors (other than financial creditors belonging to any class of creditors) 4 5 Operational creditors (Workmen) 5 6 Operational creditors (Employees) 6 ....
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....bsp; 2 3 Annexure - 3 Name of the corporate debtor:............ Date of commencement of PPIRP:............ List of creditors as on:........................ List of secured financial creditors (other than financial creditors belonging to any class of creditors) (Amount in Rs.) Sl. No . Name of creditor Identification No. Details of claims Amount of contingent claim Amount of any mutual dues, that may be set-off Remarks, if any Amount of claim Nature of claim Amount covered by security interest Amount covered by guarantee Whether related party. % of voting share in committee I II III IV V VI VII VIII IX X XI XII 1 2 3  ....
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....are in committee, if applicable I II III IV V VI VII VIII IX X 1 2 3 Annexure - 7 Name of the corporate debtor: ............ Date of commencement of PPIRP: ............ List of creditors as on: ........................ List of operational creditors (Government dues) (Amount inRs.) Sl. No Details of Government organisation Details of claims Amount of Amount of any mutual dues, that may be set-off Remarks, if any Department Government Identification Amount of Claim Nature of Claim Amount covered by security interest Amount cover by guarantee % of voting share in committee, if applicable I II III IV V VI VII VIII IX X XI XII 1 2 &n....
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....ackaged Insolvency Resolution Process) Regulations, 2021) RELEVANT PARTICULARS I II III 1 Name of the corporate debtor 2 Former name(s), if changed in last two years 3 Date of incorporation of corporate debtor 4 Authority under which corporate debtor is incorporated / registered 5 Identification number 6 Address of the registered office and principal office (if any) of corporate debtor 7 Pre-packaged insolvency commencement date 8 Date of invitation for resolution plans 9 Eligibility for resolution applicants 10 Norms of ineligibility applicable under section 29A 11 Basis for evaluation (including details related to significant improvement and tick size) 12 Manner of obtaining 'invitation of resolution plan', basis for evaluation (including details related to significant improvement and tick size), information m....
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....meetings of committee held 3. I have examined the resolution plan received from corporate debtor/third party resolution applicant (.........................................) and approved by the committee of [Name of the corporate debtor]. 4. I hereby certify that- a. the said resolution plan complies with all the provisions of the Insolvency and Bankruptcy Code 2016 (Code), the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 and does not contravene any of the provisions of the law for the time being in force. b. the corporate debtor/third party resolution applicant (.................................) has submitted an affidavit pursuant to section 30(1) of the Code confirming its eligibility under section 29A of the Code to submit resolution plan. The contents of the said affidavit are in order. c. the said resolution plan has been approved by the committee in accordance with the provisions of the Code and the Regulations made thereunder. The resolution plan has been approved by [state the number of votes by which resolution plan was approved by committee] % of voting share of financia....
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.... Grand Total *If there are sub-categories in a category, please add rows for each sub-category. # Amount provided over time under the resolution plan and includes estimated value of non- cash components. It is not Net Present Value. 8. The interests of existing shareholders have been altered by the resolution plan Sl. No. Category of shareholder No. of shares held before PPIRP No. of shares held after the PPIRP Voting share (%) held before PPIRP Voting share (%) held after PPIRP I II III IV V VI 1 Equity 2 Preference 3 9. The compliance of the resolution plan Section of the Code / regulation No. Requirement with respect to resolution plan Clause of resolution plan Compliance (Yes / No) I II III IV section 29A Whether the resolution applicant is eligible to submit resolution plan as per final list of Resolution Professional or Order, if any, of the Adjudicating Authority....
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....ulation 45(3) Whether the resolution plan demonstrates that - (a) it addresses the cause of default; (b) it is feasible and viable; (c) it has provisions for its effective implementation; (d) it has provisions for approvals required and the timeline for the same; (e) the resolution applicant has the capability to implement the resolution plan. regulation 41(3) Whether the RP has filed applications in respect of transactions observed, found or determined by him. regulation 43(5) Provide details of performance security received, as referred to in sub-regulation (5) of regulation 43. section 54K Where the base resolution plan has been approved by committee,- (i) whether such resolution plan provides for impairment of any claims owed by the corporate debtor; (ii) if the base resolution plan provides for impairment of any claims owed by the corporate debtor, whether the such resolution plan provides for dilution of promoter shareholding or voting or control rights in the corporate debtor. If no, has the committee recorded the reasons for the sam....
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....ting Authority; Committee: Committee of Creditors; IFRP: Invitation for Resolution Plan; IM: Information Memorandum; PPIRP: Pre-packaged insolvency resolution process; RA: Resolution Applicant; RP: Resolution Professional. FORM P13 APPLICATION FOR TERMINATION OF PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS (Under regulation 49(4) of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021) [Date] To The Adjudicating Authority [________ Bench] From [Name of the insolvency professional] [Registration number of the insolvency professional] [Registered address of the insolvency professional] In the matter of [name of the corporate debtor] Subject: Termination of pre-packaged insolvency resolution process of [name of corporate debtor] Madam/Sir, The [name of the corporate debtor], had filed an application bearing [particulars of application, having, [diary number/ case number] on [date of filing] before the Adjudicating Authority under [under section 54C,] of the Insolvency and Bankruptcy Code, 2016. The said application was admitted by the Adjudicating Authority on [date] bearing [case number]....