New Resolution Applicants Are Not Entitled To Participate In The CIRP And Submit A Resolution Plan Without The Issuance Of Fresh 'Form G'
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![New Resolution Applicants Are Not Entitled To Participate In The CIRP And Submit A Resolution Plan Without The Issuance Of Fresh 'Form G'](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![Filing Of Claims Under CIRP Within A Stipulated Timeline Though Important, Should Be Seen As A Directory Rather Than Mandatory](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- Apr 8
- 2 min
Filing Of Claims Under CIRP Within A Stipulated Timeline Though Important, Should Be Seen As A Directory Rather Than Mandatory
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![A Resolution Plan Must Ensure That Operational Creditors Receive At Least An Amount Equivalent To Their Liquidation Value](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Apr 7
- 2 min
A Resolution Plan Must Ensure That Operational Creditors Receive At Least An Amount Equivalent To Their Liquidation Value
![](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
![Debt Is To Be Considered A Financial Debt Under The Insolvency And Bankruptcy Code, Even If It Does Not Carry Interest](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- Apr 3
- 2 min
Debt Is To Be Considered A Financial Debt Under The Insolvency And Bankruptcy Code, Even If It Does Not Carry Interest
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![Importance of transparent valuation practices and regulatory compliance in corporate insolvency resolution processes (CIRP)](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- Apr 2
- 3 min
Importance of transparent valuation practices and regulatory compliance in corporate insolvency resolution processes (CIRP)
![](https://static.wixstatic.com/media/d515a3_fe41e88d246349b8a43f7b97315bcf18~mv2.jpeg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_fe41e88d246349b8a43f7b97315bcf18~mv2.webp)
![Empowering Resolution Professionals: Seeking Additional Information from Creditors to Substantiate Claims and Exercise Due Diligence](https://static.wixstatic.com/media/d515a3_fe41e88d246349b8a43f7b97315bcf18~mv2.jpeg/v1/fill/w_209,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_fe41e88d246349b8a43f7b97315bcf18~mv2.webp)
- Apr 2
- 2 min
Empowering Resolution Professionals: Seeking Additional Information from Creditors to Substantiate Claims and Exercise Due Diligence
![](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
![Bank's failure to provide borrowers with forensic audit reports violates natural justice, nullifying their decision to declare borrower company's account fraudulent](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- Apr 1
- 2 min
Bank's failure to provide borrowers with forensic audit reports violates natural justice, nullifying their decision to declare borrower company's account fraudulent
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Prospective Resolution Applicant, Having Actively Participated In CIRP, Has Locus Standi To File An Intervention Application](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Apr 1
- 2 min
Prospective Resolution Applicant, Having Actively Participated In CIRP, Has Locus Standi To File An Intervention Application
![](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
![Examining the validity of any contractual agreement lies outside the purview of duties of the Resolution Professional](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- Apr 1
- 2 min
Examining the validity of any contractual agreement lies outside the purview of duties of the Resolution Professional
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Erstwhile Liquidator has no Locus Standi to file a Review Application and does not possess any inherent rights to contest the matter in their personal capacity](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Mar 31
- 2 min
Erstwhile Liquidator has no Locus Standi to file a Review Application and does not possess any inherent rights to contest the matter in their personal capacity