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ARTICLE · 23 DECEMBER 2021

Restructuring & Insolvency Monthly Update | December 2021

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Filing of list of creditors under Clause (ca) of Sub-Regulation (2) of Regulation 13 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016...

IndiaInsolvency/Bankruptcy/Re-Structuring
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STATUTORY UPDATES

Filing of list of creditors under Clause (ca) of Sub-Regulation (2) of Regulation 13 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

  • The Insolvency and Bankruptcy Board of India (IBBI) in pursuance of Clause (ca) of SubRegulation (2) of Regulation 13 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), had issued a Circular dated November 27, 2020 directing the Insolvency Professionals to file the list of creditors and modifications thereof in the stipulated format on IBBI's website.
  • In the said format, a particular column for 'Identification No.' was mentioned which sought the identification details of the creditors. In a few instances, sensitive personal information such as Aadhar Number, PAN Card, etc. were being filled in.

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