In this article we will go through the various forms that have to be filled and perused to understand the procedure on insolvency. it is always pertinent to understand the various forms and its uses to use the Code to its best.
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- FORM 1: application by financial creditors to initiate corporate insolvency resolution process: under s.7 rule 4(Financial creditors to initiate CIRP) form 1 link
- FORM 3: demand notice to be sent by operations creditors to be sent before initiation of insolvency process under rules 5 of insolvency and bankruptcy rules, 2016- form 3 link
- FORM 5: form to be filled by operational creditors to adjudication authority under rule 6 of the insolvency and bankruptcy rules, 2016- form 5 link
- FORM 6: form to be filled by corporate applicant to adjudicating authority to initiate corporate insolvency resolution process. – form 6 link
The provided forms are key for any corporate insolvency resolution process.
