Uploaded on May 8, 2024
As per the IBC, a claim is the entitlement to repayment for an outstanding amount owed to a company experiencing financial distress.
How are Claims under IBBI Filed by Applicants
Claims Filing: How are Claims under IBBI Filed by Applicants? WHAT IS CLAIMS FILING? • As per the IBC, a claim is the entitlement to repayment for an outstanding amount owed to a company experiencing financial distress. • Claims Filing under IBBI represent a financial request made by a creditor to a company undergoing insolvency proceedings. ONLINE CLAIM FILING UNDER IBC • Visit the "Insolvency and Bankruptcy Board" section of the IBBI website. • Gather details such as Corporate Identification Number (CIN) or case number provided by NCLT. • Register on IBBI Portal by creating an account by providing personal information. • Navigate to the area designated for filing claims. • Fill out online claim form by providing necessary details and uploading supporting documents. • Review and submit the form online, receiving a confirmation receipt. Claims Filing: How are Claims under IBBI Filed by Applicants? OFFLINE CLAIM FILING UNDER IBC • Download claim form from the IBBI website or obtain from the Resolution Professional. • Fill out offline claim form and attach supporting documents. • Send the completed form to the designated address provided by the RP/IRP. • Ensure all documentation is submitted before the NCLT's deadline. Claims Filing: How are Claims under IBBI Filed by Applicants? CONCLUSION • Filing a claim in IBC is a critical step in insolvency resolution, ensuring creditors' rights are protected. • Utilising both online and offline methods provides flexibility for claimants. Claims Filing: How are Claims under IBBI Filed by Applicants? THANK YOU
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