Providing copy of application to Adjudicating Authority of IBBI for Insolvency Resolution Process

Last updated: 03 February 2021
Quick Summary
The Insolvency and Bankruptcy Board of India (IBBI) has introduced an online facility for applicants to submit copies of applications for the insolvency resolution process of personal guarantors to corporate debtors. This is a mandatory requirement under Rule 9 of the relevant rules. The online portal, accessible via the IBBI website, simplifies the submission process, and applicants will receive an acknowledgement upon successful submission.

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/II/39/2021 2ndFebruary, 2021 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencie
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FAQ :

This notification informs all registered Insolvency Professionals, Entities, and Agencies about the mandatory requirement to provide a copy of the application filed for the insolvency resolution process of personal guarantors to corporate debtors to the IBBI.

Rule 9 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 mandates this.

You can submit a copy of the application online through the facility provided on the IBBI website at https://ibbi.gov.in/intimation-applications/iaaa-personal-one.

Upon successful online submission of the application, the applicant will receive an acknowledgement.

Annexure A provides the format for submitting the details of the application, and Annexure B offers a step-by-step guide on how to fill and submit the application online.

 
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