TMI BlogCOMPLIANCE CERTIFICATE-Regulation 39(4)-Insolvency Resolution Process for Corporate PersonsX X X X Extracts X X X X X X X X Extracts X X X X ..... Date of Constitution of CoC 6 Date of First Meeting of CoC 7 Date of Appointment of RP 8 Date of Appointment of Registered Valuers 9 Date of Issue of Invitation for EoI 10 Date of Final List of Eligible Prospective Resolution Applicants 11 Date of Invitation of Resolution Plan 12 Last Date of Submission of Resolution Plan 13 Date of Approval of Resolution Plan by CoC 14 Date of Filing of Resolution Plan with Adjudicating Authority 15 Date of Expiry of 180 days of CIRP 16 Date of Order extending the period of CIRP 17 Date of Expiry o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n includes a statement under regulation 38(1A) of the CIRP Regulations as to how it has dealt with the interests of all stakeholders in compliance with the Code and regulations made thereunder. 11 [ 6A. Minutes of the committee meeting relating to discussion and decisions about resolution plan are attached with this certificate. ] 7 [ 7. The amounts provided for the stakeholders under the Resolution Plan is as under: (Amount in Rs. lakh) Sl. No. Category of Stakeholder* Sub-Category of Stakeholder Amount Claimed Amount Admitted Amount Provided under the Plan# Amount Provided to the Amount Claimed (%) (1) (2) (3) (4) (5) (6) (7) 1 Secured Financial Creditors (a) Creditors not having a right to vote under sub- section (2) of section 21 (b) Other th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Preference 3 9. The compliance of the Resolution Plan is as under: Section of the Code / Regulation No. Requirement with respect to Resolution Plan Clause of Resolution Plan Compliance (Yes / No) 25(2)(h) Whether the Resolution Applicant meets the criteria approved by the CoC having regard to the complexity and scale of operations of business of the CD? Section 29A Whether the Resolution Applicant is eligible to submit resolution plan as per final list of Resolution Professional or Order, if any, of the Adjudicating Authority? Section 30(1) Whether the Resolution Applicant has submitted an affidavit stating that it is eligible? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions for its effective implementation? (d) it has provisions for approvals required and the timeline for the same? (e) the resolution applicant has the capability to implement the resolution plan? 39(2) Whether the RP has filed applications in respect of transactions observed, found or determined by him? 3 [ Regulation 39(4) Provide details of performance security received, as referred to in sub-regulation (4A) of regulation 36B. ] 10. The CIRP has been conducted as per the timeline indicated as under: Section of the Code / Regulation No. Description of Activity Latest Timeline under regulation 40A Actual Date Section 16(1) Commencement of CIRP and Appointment of IRP T T Regulation 6(1) Publication of Public Announcement T+3 Section 15(1)(c) /Regulation 12 (1) Submiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... solution Plan is subject to the following contingencies (Elaborate the contingencies): i ii ... 13. Following are the deviations / non-compliances of the provisions of the Insolvency and Bankruptcy Code, 2016, regulations made or circulars issued thereunder (If any deviation/ non-compliances were observed, please state the details and reasons for the same): Sl. No. Deviation/Non-compliance observed Section of the Code / Regulation No. / Circular No. Reasons Whether rectified or not 1 2 3 14. The Resolution Plan is being filed .. days before the expiry of the period of CIRP provided in section 12 of the Code. 10 [ 14A. Whether the resolution professional has, in accordance with regulation 35A,- (a) applied to the Adjudicating Authority on or before the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l) hereby certify that the contents of this certificate are true and correct to the best of my knowledge and belief, and nothing material has been concealed therefrom. (Signature) Name of the Resolution Professional: IP Registration No: Address as registered with the Board: Email id as registered with the Board: Date: Place: ] ******* Notes 1. Inserted vide NOTIFICATION No. IBBI/2018-19/GN/REG031. Dated 03-07-2018 2. Substituted vide Notification No. IBBI/2019-20/GN/REG040 dated 24-01-2019 before it was read as 7. The amounts provided for the stakeholders under the Resolution Plan is as under: (Amount in Rs. lakh) Sl. No. Category of Stakeholder* Amount Claimed Amount Admitted Amount Provided under the Plan# Amount Provided to the Amount Claimed (%) 1 Dissenting Secured Financial Creditors 2 Other Secured Financial Creditors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lakh) Sl. No. Category of Stakeholder* Amount Claimed Amount Admitted Amount Provided under the Plan# Amount Provided to the Amount Claimed (%) 1 Secured Financial Creditors 2 Unsecured Financial Creditors 3 Operational Creditors Government Workmen Employees .. 4 Other Debts and Dues ..... X X X X Extracts X X X X X X X X Extracts X X X X
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