Serving of copy of the application to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 - IBC - IBBI/LAD/35/2020

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi 110 001 Circular No. IBBI/LAD/35/2020 29th October, 2020 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Subject: Serving of copy of the application to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 , as amended vide notification No. G.S.R. 583(E) dated 24th September, 2020 published in the Gazette of India, Part II, Section 3, Sub-section (i), No. 474 dated 24th September, 2020 requires an applicant to provide a copy of the application for initiating corporate insolvency resolution process against a corporate debtor, inter alia, to the Board, before filing the same with the Adjudicating Authority. 2. For convenience of applicants, the Board has made available a facility on its website at https://www.ibbi.gov.in/intimation-applications/iaaa for serving a copy of the application online to the Board. The format for submission is at Annexure A. A step-by-step guide for submission of the application is at Annexure B. On submission of the application online, the applicant shall get an acknowledgement. The applicants are encouraged to avail of this facility. 3. This is issued in exercise of the powers under clause (k) of sub-section (1) of section 196 of the Insolvency and Bankruptcy Code, 2016. Yours faithfully, Sd/- (C. Ramachandra Rao) Deputy General Manager Annexure A Format for Serving a Copy of Application for Initiation of CIRP Details of Application Application by: Financial Creditor(s) Operational Creditor(s) Corporate Applicant Application Under: Section 7 Section 9 Section 10 Amount of Default (Aggregate amount of default to all applicants): Application to be filed at NCLT: Chennai, Mumbai, Delhi, Kolkata, etc. Application to be Filed on: Details of Applicant / First Applicant Name PAN / CIN / LLPIN Mobile No. E-mail Address for Correspondence Number of Applicants, other than the First Applicant (If submitted by more than one applicant) Details of Person, if any, Authorised to file this Application Name PAN / CIN / LLPIN Mobile No. E-mail Address for Correspondence Details of Corporate Debtor against which CIRP is to be initiated Name PAN / CIN / LLPIN Mobile No. E-mail Registered Address Details of IP, if any, Proposed as IRP Name of IP PAN Mobile No. E-mail IBBI Registration No. Address for Correspondence Date of Consent to act as IRP Annexure B Step-by-step guide to fill the format 1. Scan the copy of the application with all Annexures in a .pdf format. If required, please compress the pdf size up to 20 MB. 2. Click on link: https://www.ibbi.gov.in/intimation-applications/iaaa 3. Fill the information, as prompted. 4. Once the information is filled, kindly double-check all the details filled in the Form. 5. Attach the copy of the application in pdf in the option provided below. 6. Thereafter, click the submit button and an ACKNOWLEDGMENT ID will be generated. This ACKNOWLEDGMENT ID is to be quoted while filing the Application with the Adjudicating Authority. 7. This ACKNOWLEDGMENT ID shall also be used for all references with the Board.