RP Must give Declaration in Part IV of Form C to Creditor When Creditor Proposes Name of RP u/s 95 of IBC: IBBI Clarifies [Read Circular]

IBBI’s Clarification Circular on Submission of Particulars by IP in application filed by Creditors in part IV of Form C of the IRP PGDC rules
IBBI - insolvency professionals - IBC - IRP - TAXSCAN

The Insolvency and Bankruptcy Board of India (“IBBI”) has issued a circular providing clarification regarding submission of particulars and declaration by the insolvency professionals in the application filed by creditor(s) in Part IV of Form C of the IRP PGCD Rules. Section 95 of the Insolvency and Bankruptcy Code (Code) read with Rule 7 of…

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