Circular No. IP(CIRP)/006/2018, Designated website for publishing Forms under the Regulations.

Circular No. IP(CIRP)/006/2018, Designated website for publishing Forms under the Regulations.

Insolvency & Bankruptcy

IBC Circular Dated 23 Feb, 2018 on Designated website for publishing Forms under the Regulations

The Insolvency and Bankruptcy Board of India (Board) has specified Forms for publishing Public Announcements and Brief Particulars of Invitations of Resolution Plans on the website, if any, designated by the Board for the purpose under the Insolvency and Bankruptcy Code, 2016 (Code) and the regulations made thereunder. The Board hereby designates the website www.ibbi.gov.in and details of the manner of publishing such Forms on the designated website.


2. The interim resolution professional, the resolution professional or the liquidator, as the case may be, shall send the Forms to the Board for publishing the same on the designated website, namely, www.ibbi.gov.in in the manner provided in Table under this Para. For example, an Interim Resolution Professional shall send Public Announcement in Form A under regulation 6 (2) (b) (iii) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 in pdf format by mail from his e-mail address registered with the Board to public.ann@ibbi.gov.in within the timeline as specified in the respective regulations.


Sr. No Public Announcement/ brief Particulars of Invitation of Resolution Plans


Form under Regulations


Form to be sent on E-mail address


Manner of Sending


1. Public Announcement by the Interim Resolution Professional


Form A under regulation 6 (2) (b) (iii) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016


public.ann@ibbi.gov.in The Insolvency


Professional shall mail the Form in pdf format from his e-mail address registered with the Board.


2. Brief particulars of Invitation of Resolution Plans by the Resolution Professional


Form G under regulation 36A (5) (b) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016


invite.rp@ibbi.gov.in


3. Public Announcement by Interim Resolution Professional


Form A under regulation 6 (2) (b) (iii) of the IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017


public.ann@ibbi.gov.in


4. Brief particulars of Invitation of Resolution Plans by the Resolution Professional


Form G of the Schedule under regulation 35A (5) (b) of the IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017


invite.rp@ibbi.gov.in


5. Public Announcement by Liquidator


Form B of Schedule II under regulation 12 (3) (c) of the IBBI (Liquidation Process) Regulations, 2016


public.ann@ibbi.gov.in


6. Public Announcement by Liquidator


Form A of Schedule I under regulation 14 (3) (c) of the IBBI (Voluntary Liquidation Process) Regulations, 2017


public.ann@ibbi.gov.in


3. The interim resolution professional, the resolution professional or the liquidator, as the case may be, shall ensure that the Form mailed is complete and accurate, and complies with the provisions of the Code and the regulations made thereunder. He shall be liable for consequences for deficiencies in the Form. The Board shall cause to upload the Forms as received by it on the designated website.


4. This circular is issued in exercise of the powers conferred under sub-section (1) of section 196 read with clause (e) of sub-section (2) of section 208 of the Code.


5. The letter No. IBBI/IP/PUBLIC.ANN/218 dated 1st February, 2017 issued by the Board shall cease to have effect from the date of issue of this circular.



Yours faithfully,


-Sd-


(Dilip Arjun Khandale)

Deputy General Manager

CONCEPTS