9911796707
TMI BlogInsolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... a hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, namely: - 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (hereinafter referred to as the principal regulations), after regulation 12 , the following regulation shall be inserted, namely: - 12A. Updation of claim. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t issued within 51 days from the date of issue of information memorandum 5 CIRP is not completed by T+180th day T = Insolvency commencement date, and X = Date of filing of Form CIRP 7 for the first time under column (3). Provided that subsequent filing of Form CIRP 7 shall not be made until thirty days have lapsed from the filing of an earlier Form CIRP 7. Clarification: Only one Form CIRP 7 shall be filed at any time whether one or more activity is not complete by the specified date. Illustration (a) If public announcement is not made by T+3rd day, Form CIRP 7 shall be filed by T+6th day. Thereafter, if public announcement is made on T+16th day, no further Form C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nancial creditor], hereby submits this claim in respect of the corporate insolvency resolution process of [name of corporate debtor]. The details for the same are set out below: Relevant Particulars (1) (2) (3) 1. Name of the financial creditor 2. Identification number of the financial creditor (If an incorporated body, provide identification number and proof of incorporation. If a partnership or individual provide identification records* of all the partners or the individual) 3. Address an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the beneficiary 7. Details of how and when debt incurred 8. Details of any mutual credit, mutual debts, or other mutual dealings between the corporate debtor and the creditor which may be set-off against the claim 9. Details of the bank account to which the amount of the claim or any part thereof can be transferred pursuant to a resolution plan (Signature of financial creditor or person authorised to act on its behalf) [Please enclose the authority if this is being submitted on behalf of the financial creditor] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... am not a related party of the corporate debtor, as defined under section 5 (24) of the Code. 7. I am eligible to join committee of creditors by virtue of proviso to section 21 (2) of the Code even though I am a related party of the corporate debtor. Date: Place: (Signature of the claimant) VERIFICATION I, [Name] the claimant hereinabove, do hereby verify that the contents of this proof of claim are true and correct to my knowledge and belief and no material fact has been concealed therefrom. Verified at on this day of ., 20 . (Signature of claimant) [Note: In the case of company or limited liability partnership, the declaration and verification shall be made by the director/manager/secretary/designated ..... X X X X Extracts X X X X X X X X Extracts X X X X
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