In Insolvency and Bankruptcy, if an application is admitted by Tribunal, Operational Creditor shall file a claim before Insolvency Professional in Form B with proof of claim within 14 days from the date appointing Insolvency Professional as stated in the public announcement.
Operational Creditor other than employees of a Corporate Debtor (Company or LLP in Bankruptcy) small file Form B with Insolvency Professional within the time and date maintained in public announcement.
In an Insolvency Professional procedure after admission of an application by Tribunal, they will appoint Insolvency Professional as interim resolution professional for IRP process.
So, submission of Form B is pre-requisite for claiming any debt due from Corporate Debtor to an operational creditor.
The Form B contain;
You don't need to look any book for preparing Claim Form B. During the interview process, system will guide you all necessary informations required for Claim Form B preparation.
The data collection forms are prepared by Insolvency Professionals taking into account of all ease of documentation. So, it is easy for anyone to understand the requirements .
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