Section 15: Public announcement of corporate insolvency resolution process.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

(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;

(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.

Where this provision sits

Act	The Insolvency and Bankruptcy Code, 2016.
Section	15
Marginal note	Public announcement of corporate insolvency resolution process.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	12

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 26 of 2018. Subs. by Act 26 of 2018, s. 11, for "claims" (w.e.f. 6-6-2018).

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