TMI BlogAPPLICATION BY OPERATIONAL CREDITOR (S) TO INITIATE CORPORATE INSOLVENCY RESOLUTION PROCESS *UNDER CHAPTER II OF PART II/ UNDER CHAPTER IV OF PART II OF THE CODE- rule 6 - Application to Adjudicating AuthorityX X X X Extracts X X X X X X X X Extracts X X X X ..... he operational creditor ] In the matter of [ name of the corporate debtor ] Subject: Application to initiate corporate insolvency resolution process in respect of [ name of the corporate debtor ] under the Insolvency and Bankruptcy Code, 2016. Madam/Sir, [ Name of the operational creditor ], hereby submits this application to initiate a corporate insolvency resolution process in the case of [ name of corporate debtor ]. The details for the purpose of this application are set out below: PART-I PARTICULARS OF APPLICANT 1. NAME OF OPERATIONAL CREDITOR 2. IDENTIFICATION NUMBER OF OPERATIONAL CREDITOR (IF ANY) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RS OF THE PROPOSED INTERIM RESOLUTION PROFESSIONAL [IF PROPOSED] 1. NAME, ADDRESS, EMAIL ADDRESS AND THE REGISTRATION NUMBER OF THE PROPOSED INSOLVENCY PROFESSIONAL PART-IV PARTICULARS OF OPERATIONAL DEBT 1. TOTAL AMOUNT OF DEBT, DETAILS OF TRANSACTIONS ON ACCOUNT OF WHICH DEBT FELL DUE, AND THE DATE FROM WHICH SUCH DEBT FELL DUE 2. AMOUNT CLAIMED TO BE IN DEFAULT AND THE DATE ON WHICH THE DEFAULT OCCURRED (ATTACH THE WORKINGS FOR COMPUTATION OF AMOUNT AND DATES OF DEFAULT IN TABULAR FORM) PART-V PARTICULARS OF OPER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THE EXISTENCE OF OPERATIONAL DEBT AND THE AMOUNT IN DEFAULT I, [ Name of the operational creditor/person authorised to act on behalf of the operational creditor ] hereby certify that, to the best of my knowledge, [ name of proposed insolvency professional ], is fully qualified and permitted to act as an insolvency professional in accordance with the Code and the rules and regulations made thereunder. [ Where Applicable ] 3 [ [ Name of the operational creditor ] has paid the requisite fee for this application through [ state means of payment ] on [ date ] and a copy of this application has been served by registered post/speed post/by hand/electronic means to the registered office of the corporate debtor and to the Boar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d (b) to the Board. ] Note: Where workmen/employees are operational creditors, the application may be made either in an individual capacity or in a joint capacity by one of them who is duly authorised for the purpose. ************* Notes 1. Substituted vide NOTIFICATION NO. G.S.R. 222(E) dated 14-03-2019 before it was read as APPLICATION BY OPERATIONAL CREDITOR TO INITIATE CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER THE CODE. 2. Inserted vide NOTIFICATION NO. G.S.R. 222(E) dated 14-03-2019 3. Substituted vide Notification No. G.S.R. 583(E) dated 24-09-2020 before it was read as [ Name of the operational creditor ] has paid the requisite fee for this application through [ state means ..... X X X X Extracts X X X X X X X X Extracts X X X X
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