Persons who can file application for initiating CRIP on behalf of financial creditor – Notification

MCA notifies persons who can file application for initiating CRIP against corporate debtor on behalf of financial creditor

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION

New Delhi, the 27th February, 2019

S.O. 1091(E).—In exercise of the powers conferred by sub-section (1) of section 7 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby notifies following persons who may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority, on behalf of the financial creditor: –

(i) a guardian;

(ii) an executor or administrator of an estate of a financial creditor;

(iii) a trustee (including a debenture trustee); and

(v) a person duly authorised by the Board of Directors of a Company.

[F. No. 30/25/2018-Insolvency Section]

GYANESHWAR KUMAR SINGH, Jt. Secy.

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