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 ..... 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. A creditor shall update its claim as and when the claim is satisfied, partly ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 CIRP 7 will be filed. However, if public announcement is not made till T+33rd day, Form CIRP 7 shall be filed on T+36th day. (b) 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 CIRP 7 will be filed. However, if RP is not appointed by T+30th day, though Form CIRP 7 becomes due by T+33rd day, it shall be filed on 30th day from the filing of first Form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... financial creditor for correspondence 4. Details of claim, if it is made against corporate debtor as principal borrower: * Amount of claim * Amount of claim covered by security interest, if any (Please provide details of security interest, the value of the security, and the date it was given) * Amount of claim covered by guarantee, if any (Please provide details of guarantee held, the value of the guarantee, and the date it was given) * Name and address of the guarantor(s) 5. Details of claim, if it is made against corporate debtor as guarantor: * Amount of claim * Amount of claim covered by security interest, if any (Please provide details of security interest, the value of the security, and the date it was given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [insert amount of claim]. 2. In respect of my claim of the said sum or any part thereof, I have relied on the documents specified below: [Please list the documents relied on as evidence of claim]. 3. The said documents are true, valid and genuine to the best of my knowledge, information and belief and no material facts have been concealed therefrom. 4. In respect of the said sum or any part thereof, neither I, nor any person, by my order, to my knowledge or belief, for my use, had or received any manner of satisfaction or security whatsoever, save and except the following: [Please state 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 cla ..... X X X X Extracts X X X X X X X X Extracts X X X X
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