Application to initiate prepackaged insolvency resolution process [ Section 54C ]

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..... orate debtor meets the requirements of section 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 f .....

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..... laration regarding the existence of any transactions of the corporate debtor that may be within the scope of provisions 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 relat .....

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