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

Last updated: 30 November 2020

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The Insolvency and Bankruptcy Board of India (IBBI) has introduced a new requirement for filing the list of creditors in corporate insolvency resolution processes. This list must now be submitted via an electronic platform on the IBBI website. This measure aims to enhance transparency and allow stakeholders to easily access details of their claims.

Insolvency and Bankruptcy Board of India 7thFloor, Mayur Bhawan, Connaught Place, New Delhi 110001 CIRCULAR No. IBBI/CIRP/36/2020 27thNovember, 2020 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Subject: Filing of list of creditors under clause (ca) of sub-regulation (2) of regulation 13 of the IB

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FAQ :

The purpose is to improve transparency and enable stakeholders to ascertain the details of their claims at a central platform.

The interim resolution professional or the resolution professional, as the case may be, is required to file the list of creditors.

The list of creditors should be filed on the electronic platform of the IBBI, available at ibbi.gov.in.

This requirement applies to processes that were ongoing as of 13th November 2020, and those commencing on or after that date.

Yes, the electronic platform permits multiple filings by the interim resolution professional or resolution professional whenever the list of creditors is updated.

The format for the list of creditors has been finalised and is placed as an Annexure to the circular.

Notification No : No. IBBI/CIRP/36/2020
Source : https://www.ibbi.gov.in/uploads/legalframwork/0bcad0b591e7289ec6b2d4b9adc7a066.pdf

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