Dev has been appointed as the Interim Resolution Professional (IRP) in respect of Corporate Insolvency Resolution Process (CIRP) admitted by Adjudicating Authority against Supriya Ltd. Dev seeks your advice on the conten

Section 15 of the Insolvency and Bankruptcy Code, 2016, makes it mandatory for Interim Resolution Professional (IRP) to make the public announcement of the Corporate Insolvency Resolution Process admitted by Adjudicating Authority which has contain the following information, namely; name and address of the corporate debtor under the corporate insolvency resolution process; name of the authority with which the corporate debtor is incorporated or registered; the last date for submission of claims, as may be specified; details of the interim resolution professional who shall be vested with the management of the corporate debtor and be responsible for receiving claims; penalties for false or misleading claims; and 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. Accordingly, Dev is advised to refer above mentioned provisions with respect to the contents of Public Announcement under Insolvency and Bankruptcy Code, 2016.