Application to Adjudicating Authority for Insolvency

Rule 11. Withdrawal of application. — (1) The Adjudicating Authority may permit withdrawal of the application submitted under rule 6 or rule 7, as the case may be,- (a) before…

Rule 10. 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 7…

Rule 9. Copy of application. — The applicant shall provide a copy of the application filed under subsection (1) of section 94 or sub-section (1) of section 95 , as…

Rule 8. Confirmation or nomination of insolvency professional. — (1) For the purposes of sub-section (2) of section 97 and sub-section (5) of section 98 , the Board may share…

Rule 7. Application by creditor. — (1) A demand notice under clause (b) of sub-section (4) of section 95 shall be served on the guarantor demanding payment of the amount…

Rule 6. Application by guarantor. — (1) The application under sub-section (1) of section 94 shall be submitted in Form A, along with an application fee of two thousand rupees.…

Rule 5. Excluded assets.— For the purposes of sub-section (14) of section 79,― (a) the value of unencumbered personal ornaments under clause (c) of the said sub-section shall not exceed…

Rule 4. Relatives. — For the purposes of clause (ii) of Explanation to sub-section (2) of section 79, the manner of relationship shall mean the manner as provided in the…

Rule 3. Definitions. — (1) In these rules, unless the context otherwise requires, - (a) “Adjudicating Authority” means-(i) for the purpose of section 60, the National Company Law Tribunal constituted…

Rule 2. Application. — These rules shall apply to insolvency resolution process for personal guarantors to corporate debtors.