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Filing of Form CIRP 8 under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - Insolvency and Bankruptcy - IBBI/CIRP/42/2021

Extract

..... of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) requires the resolution professional to form an opinion on transactions covered under sections 43, 45, 50 and 66 by 75th day, make determination on such transactions by 115th day, and file an application before the Adjudicating Authority by 135th day of the insolvency commencement date. Sub-regulation (1B) of regulation 40B of the CIRP Regulations requires the resolution professional to file F .....

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Filing of Form CIRP 8 under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - Insolvency and Bankruptcy

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..... ulations, 2016) A. Details of Insolvency Professional 1. Name of Resolution Professional: 2. Registration Number: B. Corporate Debtor details 1. Name of Corporate Debtor: 2. CIN/LLPIN of Corporate Debtor: 3. Insolvency Commencement Date: 4. NCLT Bench: C. Details of preferential and other transactions 1. The details of exercise undertaken by me under regulation 35A are as under: Sl. Description Section of the Code 43 45 50 66(1) 66(2) 1 In my opinion under sub-regulation (1) of regulation 35A, t .....

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Filing of Form CIRP 8 under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - Insolvency and Bankruptcy

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..... . . N 3. I have assessed the potential loss to creditors under sub-section (2) of section 66 as under: Sl. Description Particulars 1 The corporate insolvency resolution process of the corporate debtor should have commenced on [date] 2 The corporate insolvency resolution process of the corporate debtor commenced on [date] 3 In my assessment, the potential loss to creditors from ….. [date in row (1)] to [date in row (2)] is (₹) ……. [amount]. (Please attach the details o .....

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Filing of Form CIRP 8 under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - Insolvency and Bankruptcy

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