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Note examining resolution plan compliance (s.30(2))

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Note examining resolution plan compliance (s.30(2))

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Practice aid only. Match the latest IBBI / NCLT prescribed format before filing.

Practice aid only. This working draft is in the nature of the form prescribed under the Insolvency and Bankruptcy Code, 2016 and the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Confirm the latest official format, annexures, and filing practice of the Adjudicating Authority / IBBI before use, publication, or filing.

Note examining resolution plan(s) for compliance

[Section 30(2) of the Code read with Regulations 37 to 39]

This note records the Resolution Professional's examination of the resolution plan submitted by __________ in the CIRP of __________.

Date of plan__________
Date of this note__________
s.29A confirmation__________

The plan has been examined, in particular, as to whether it:

  1. provides for the payment of insolvency resolution process costs in priority;
  2. provides for the payment of debts of operational creditors as specified in section 30(2)(b);
  3. provides for the management of the affairs of the corporate debtor after approval;
  4. provides for implementation and supervision of the plan;
  5. does not contravene any of the provisions of the law for the time being in force; and
  6. conforms to such other requirements as specified by the Board.

Findings: __________

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  • This template. Note examining resolution plan compliance (s.30(2))
  • Acknowledgement of expression of interest
  • Application for confirmation / replacement of RP (s.22 / s.27)
  • Application for cooperation (s.19)
  • Application for exclusion of time
  • Application for extension of CIRP (s.12)
  • Application for liquidation (s.33)

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Other formats people usually prepare alongside this one.

Acknowledgement of expression of interestOpen generatorApplication for confirmation / replacement of RP (s.22 / s.27)Open generatorApplication for cooperation (s.19)Open generatorApplication for exclusion of timeOpen generatorApplication for extension of CIRP (s.12)Open generatorApplication for liquidation (s.33)Open generator

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