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Application to initiate corporate insolvency resolution process under sections 7 or 9 of the Insolvency and Bankruptcy Code, 2016, along with record of the default issued by the Information Utility - Insolvency and Bankruptcy - IBBI/IU/59/2023Extract ..... the default issued by the Information Utility. As you are aware, sections 7(3) and 9(3)(d) of the Insolvency and Bankruptcy Code, 2016 (Code) mandates the creditor to attach with the application the record of default issued by the Information Utility. 2. Further, the Board vide Notification No. IBBI/2022-23/GN/REG085, dated 14th June, 2022 inserted sub-regulation (1A) of the Regulation 20 in Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 to mandate the Inform ..... x x x x x Extracts x x x x x Application to initiate corporate insolvency resolution process under sections 7 or 9 of the Insolvency and Bankruptcy Code, 2016, along with record of the default issued by the Information Utility - Insolvency and Bankruptcy x x x x x Extracts x x x x x ..... r section 196 (1)(t) read with section 188 of the Code , it is hereby further advised as a matter of general guidance that the record of default issued by the information utility shall be appended with the application filed under section 7 or 9 of the Code. . 5. This Circular is issued with the approval of the competent authority. Encl : As Above Yours sincerely, Sd/- (M. M. Chaudhari) Chief General Manager Tel: 011-23462869 52539/2023/INFORMATION UTILITY-IBBI File No. 25/02/2023-NCLT NATIONAL C ..... x x x x x Extracts x x x x x Application to initiate corporate insolvency resolution process under sections 7 or 9 of the Insolvency and Bankruptcy Code, 2016, along with record of the default issued by the Information Utility - Insolvency and Bankruptcy x x x x x Extracts x x x x x
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