IBC 15 — Public announcement of corporate insolvency resolution process

Insolvency & Bankruptcy Code, 2016

Statutory text

(1)   The   public announcement  of  the  corporate  insolvency  resolution  process  under  the  order  referred  to  in  section  13
shall contain the following information, namely:—
(a) name and address of the corporate debtor under the corporate insolvency resolution process;
(b) name of the authority with which the corporate debtor is incorporated or registered;

(c) the last date for submission of

[claims, as may be specified];
(d) details of the interim resolution professional who shall be vested with the management of the corporate debtor and be responsible for receiving claims;
(e) penalties for false or misleading claims; and (f) the  date  on which  the  corporate  insolvency resolution process shall close, which  shall be the one hundred and eightieth day from the date of the admission of the application under sections 7, 9 or section 10, as the case may be.
(2) The public announcement under this section shall be made in such manner as may be specified.

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