IBBI Mandates Operational and Financial Creditor to Submit Chronology of Debt & Default Along With Evidence
- News|Blog|Insolvency and Bankruptcy Code|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 20 September, 2023
Latest from Taxmann
Notification No. IBBI/2023-24/GN/REG106, Dated: 18.09.2023
The IBBI has notified an amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. A new regulation 2D has been inserted after regulation 2C. The regulation states that the financial creditor or operational creditor while filing an application u/s 7 or 9, must submit along with the evidence, the chronology of the debt and default including the date when the debt became due, default date and date of part payments and the limitation applicable.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
