Application to Adjudicating Authority for Bankruptcy

Rule 16. Filing of application and documents. — (1) Till such time, rules of procedure for conduct of proceedings under the Code are notified, the applications under rules 6 and…

Rule 15. Restriction on bankrupt.― The restriction on the bankrupt under clause (d) of sub-section (1) of section 141 shall be applicable for any financial or commercial transaction of one…

Rule 14. Copy of application.― On the appointment of the bankruptcy trustee, nominated by the Board, under sub-section (5) of section 125 by the Adjudicating Authority, a copy of the…

Rule 13. Notice of dividend.― (1) The notice of dividend as per clause (a) of sub-section (1) of section 176 shall contain the following particulars: ― (a) the date on…

Rule 12. Claim with proof.― (1) A creditor shall submit a claim with proof to the bankruptcy trustee on or before the last date mentioned in the public notice, in…

Rule 11. Statement of financial position. — The statement of financial position referred to in sub-section (2) of section 129 shall be submitted by the bankrupt, in Form E.

Rule 10. Notice to creditors.― (1) The Adjudicating Authority shall send notices to the creditors as per clause (a) of sub-section (1) of section 130, in Form D. (2) The…

Rule 9. Public notice. ― (1) The Adjudicating Authority shall issue a public notice inviting claims from all creditors of the bankrupt, under clause (b) of sub-section (1) of section…

Rule 8. Confirmation or nomination of insolvency professional. — (1) For the purposes of sub-section (2) of section 125 and sub-section (5) of section 145, the Board may share the…

Rule 7. Application by creditor.— (1) The application under sub-section (1) of section 123, shall be submitted in Form B, along with a fee of two thousand rupees. (2) The…