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Insolvency and Bankruptcy
Home Acts & Rules Insolvency and Bankruptcy Regulation Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapters List This

Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017

Chapter: I
PRELIMINARY
Regulation 1 : Short title and commencement.
Regulation 2 : Definitions
Chapter: II
GENERAL
Regulation 3 : Eligibility for resolution professional
Regulation 4 : Access to books
Regulation 5 : Extortionate credit transaction
Chapter: III
PUBLIC ANNOUNCEMENT
Regulation 6 : Public announcement
Chapter: IV
PROOF OF CLAIMS
Regulation 7 : Claims by operational creditors
Regulation 8 : Claims by financial creditors
Regulation 9 : Claims by workmen and employees
Regulation 9A : Claims by other creditors.
Regulation 10 : Substantiation of claims
Regulation 11 : Cost of proof proving the debt
Regulation 12 : Submission of proof of claims
Regulation 13 : Verification of claims
Regulation 14 : Determination of amount of claim
Regulation 15 : Debt in foreign currency
Chapter: V
COMMITTEE OF CREDITORS
Regulation 16 : Committee with only operational creditors
Regulation 17 : Filings by the interim resolution professional
Chapter: VI
MEETINGS OF THE COMMITTEE
Regulation 18 : Meetings of the committee
Regulation 19 : Notice for meetings of the committee
Regulation 20 : Service of notice by electronic means
Regulation 21 : Contents of the notice for meeting
Regulation 22 : Quorum at the meeting.
Regulation 23 : Participation through video conferencing
Regulation 24 : Conduct of meeting
Chapter: VII
VOTING BY THE COMMITTEE
Regulation 25 : Voting by the committee
Chapter: VIII
CONDUCT OF THE FAST TRACK PROCESS
Regulation 26 : Appointment of registered valuers.
Regulation 27 : Transfer of debt due to creditors
Regulation 28 : Sale of assets outside the ordinary course of business
Regulation 29 : Assistance of local district administration
Chapter: IX
FAST TRACK PROCESS COSTS
Regulation 30 : Fast track process costs
Regulation 31 : Essential supplies
Regulation 32 : Costs of the interim resolution professional
Regulation 33 : Resolution professional costs
Chapter: X
RESOLUTION PLAN
Regulation 34 : Fair value and Liquidation value.
Regulation 35 : Information memorandum
Regulation 35A : Invitation of Resolution Plans.
Regulation 36 : Resolution plan.
Regulation 37 : Mandatory contents of the resolution plan.
Regulation 38 : Approval of resolution plan.
Regulation 39 : Extension of the fast track process period.
Schedules
-SCH FORM A : FOR THE ATTENTION OF THE CREDITORS OF [Name of Corporate Debtor]
-SCH FORM B : PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES
-SCH FORM C : PROOF OF CLAIM BY FINANCIAL CREDITORS
-SCH FORM D : PROOF OF CLAIM BY A WORKMAN OR AN EMPLOYEE
-SCH FORM E : PROOF OF CLAIM SUBMITTED BY AUTHORISED REPRESENTATIVE OF WORKMEN AND EMPLOYEES
-SCHEDULE - FORM F : PROOF OF CLAIM BY CREDITORS (OTHER THAN FINANCIAL CREDITORS AND OPERATIONAL CREDITORS)
-SCHEDULE - FORM G : Invitation of Resolution Plans
 
 
 
 
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