TMI BlogAPPLICATION BY CORPORATE APPLICANT TO INITIATE PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS UNDER CHAPTER III-A OF THE CODE - Insolvency and Bankruptcy (Pre-Packaged Insolvency Resolution Process) Rules, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... of [name of the corporate debtor] Subject: Application to initiate pre-packaged insolvency resolution process in respect of [name of the corporate debtor] under the Insolvency and Bankruptcy Code, 2016. Madam/Sir, We, hereby submit this application to initiate a pre-packaged insolvency resolution process in respect of [name of corporate debtor]. The details for the purpose of this application are set out below: Part-I PARTICULARS OF THE CORPORATE APPLICANT AND CORPORATE DEBTOR 1. NAME, ADDRESS, EMAIL ADDRESS, IDENTIFICATION NUMBER AND ADDRESS FOR COMMUNICATION OF THE CORPORATE APPLICANT 2. NAME, ADDRESS, E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. DOCUMENTATION TO SHOW THAT THE CORPORATE APPLICANT IS AUTHORISED TO INITIATE THE PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS Part-II PARTICULARS OF PROPOSED RESOLUTION PROFESSIONAL 1. NAME, ADDRESS, EMAIL ADDRESS AND THE REGISTRATION NUMBER OF THE PROPOSED RESOLUTION PROFESSIONAL 2. NAMES OF THE CREDITORS, WHO HAVE APPROVED THE PROPOSAL FOR APPOINTMENT OF THE INSOLVENCY PROFESSIONAL AS THE RESOLUTION PROFESSIONAL UNDER SECTION 54A(2)(e) OF THE CODE AND VALUE OF THEIR DEBT IN PER CENT. OF DEBT OWED TO CREDITORS REQUIRED TO APPROVE SUCH PROPOSAL UNDER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THE FINANCIAL CREDITORS, NOT BEING RELATED PARTIES OF THE CORPORATE DEBTOR 2. TOTAL DEBT DUE TO THE FINANCIAL CREDITORS, NOT BEING RELATED PARTIES OF THE CORPORATE DEBTOR 3. NAMES OF THE CREDITORS, WHO HAVE APPROVED THE FILING OF APPLICATION FOR INITIATION OF PREPACKAGED INSOLVENCY RESOLUTION PROCESS UNDER SECTION 54A(3) OF THE CODE AND VALUE OF THEIR DEBT IN PER CENT. OF DEBT OWED TO CREDITORS UNDER THAT SECTION [Name of the corporate applicant] 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/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of my knowledge, information and belief and no material facts have been concealed therefrom. Solemnly, affirmed at _____________________ on ____________________ day, the ______ day of __________________20___. Before me, Notary/Oath Commissioner Deponent s Signature VERIFICATION I, the Deponent hereinabove, do hereby verify and affirm that the contents of para ___ to ___of this affidavit are true and correct to my knowledge and belief. Nothing is false and nothing material has been concealed therefrom. Verified at ______ on this ______ day of ______ 20___ ________ Deponent s signature Instructions Please attach the following to this application: Annex I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... may be, as referred to in section 54A(2)(g) of the Code. Annex VII Approval of creditors under section 54A(3) of the Code for filing application for initiating prepackaged insolvency resolution process, as set out in Form P4 of the Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) Regulations, 2021. Annex VIII Report of the insolvency professional proposed to be appointed as the resolution professional as referred to in section 54B(1)(a) of the Code, as set out in Form P8 of the Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) Regulations, 2021. Annex IX De ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r partly secured, particulars of the claim and its amount, and of how and when the security was created; (c) the names and addresses of the financial creditors and operational creditors of the corporate debtor, with the amounts due to each of them; (d) particulars of any debts owed by or to the corporate debtor to or by persons connected with it; (e) whether any, and if so what, guarantees have been given in relation to the debts of the corporate debtor by other persons, specifying which, if any, of the guarantors is a related party to the corporate debtor and the corporate applicant; and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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