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TMI BlogStandard Operating Procedure (“SOP”) for the cases before the National Company Law Tribunal (NCLT).X X X X Extracts X X X X X X X X Extracts X X X X ..... ). The code recognizes three different types of creditors: Financial Creditors, Operational Creditors and other Creditors. Section 5 (20) of the Code defines an Operational debt as "a claim in respect of the provisions of goods or services including employment or a debt in respect of the payment of dues arising under any law for the time being in force and payable to the Central Government, any State Government or any local authority." 2. An operational creditor has the right to file an application to initiate the insolvency resolution process of a corporate debtor, to file a claim in the insolvency resolution process and to participate (without voting rights) in a committee of creditors through their representatives. The corporate debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner of State GST, Kerala, has been appointed as the State Nodal Officer for the SGST Department. His role involves receiving information about the initiation of the insolvency resolution process and disseminating it to the field formations for necessary action in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016. 5. To ensure a robust communication mechanism between the Nodal Officer at the Commissionerate and the district field officers, as well as subsequent monitoring of actions taken by the field formations in response to such communication, District Nodal Officers are appointed on ex-officio basis as Annexure A for this purpose. 6. The following procedures, as outlined below, are issued in view of the appoi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... check the public announcement for any new parties going in to insolvency at the website www.ibbi.gov.in. This is particularly important, given that the officer with jurisdiction can readily distinguish the companies within their jurisdiction from the list of insolvency proceedings. The specific webpage to access the public announcements is located under "Corporate Process-> Public Announcement" on the Home Page. This proactive approach aims to facilitate the timely submission of the claims. 6.7 The Taxpayer Services Circle/Division concerned, in cases where there are pending arrears against the unit/ company mentioned in the list, shall appropriately submit their claims using Form B along with all relevant documents to the Interim Resolut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (TPS HQ), the Joint Commissioners of Taxpayer Service, the State Nodal Officer, the District Nodal Officers, and any other officer instructed by the ADC (TPS) are required to attend. COMMISSIONER Annexure A Sl. No. Taxpayer District Designation of the District Nodal Officer Name of the Officer presently in charge of the District Nodal Officer Email ID 1. Thiruvananthapuram STO 2, O/o JC(TPS), Tvpm Vinod.D.S [email protected] 2. Kollam DC (AR) Vipin Vijayan KAS [email protected] 3. Pathanamthitta STO(AR) Mini.K.K [email protected] 4. Alappuzha STO(AR) Ajeendrakumar [email protected] 5. Kottayam DC(AR) Mini Mary Thomas [email protected] 6. Idukki STO(AR) Biju ..... X X X X Extracts X X X X X X X X Extracts X X X X
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