Application by operation Creditor for Insolvency resolution process in IB

Application by operation Creditor for Insolvency resolution process in IB

This is article of the series of editorials written by the ADV ACS Jeetam Kumar Saini on Corporate Laws(He also Written many articles Including Companies Act, 2013, SEBI, RBI Regulations, IBC)advocatejeetamsaini@gmail.com - 9785949998



Documents to be submitted by operational Creditor with application for insolvency resolution process of corporate Debtor

:-Section 9(3) of code specifies documents to be submitted by operational creditor with application for insolvency resolution process of Corporate Debtor .Now some of the provision has been modified and made practical.

Along With Application following document is to be furnish:-

Ø  A copy of the invoice demanding payment or demand notice delivered by the operational creditor to corporate debtor.

Ø  An affidavit to that effect that there is no notice given by the corporate debtor relating to dispute

Ø  A copy of certificate from the financial institution maintaining accounts of the operational creditor confirming that there is no payment of unpaid operational debt by CD, if available

Ø  A copy of any record with information utility confirming that there is no payment of unpaid operational debt by corporate debtor, if available; and

Ø  Any other proof confirming that there is no payment.
(Words in italics inserted w.e.f. 6-6-2018)

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