State the eligibility requirement for a debtor for the purpose of making an application for a fresh start process under the Insolvency and Bankruptcy Code, 2016.

Section 80 of the Insolvency & Bankruptcy Code, 2016, lays down the eligibility criteria for the debtor for the purposes of making an application for a fresh start process. Section 80(1) lays down that a debtor, who is unable to pay his debt and fulfils the conditions specified in section 80(2), shall be entitled to make an application for a fresh start for discharge of his qualifying debt under Chapter II part III of the Code. Conditions for filing application for fresh start process: Section 80(2) provides that a debtor may apply, either personally or through a resolution professional, for a fresh start under Chapter II of Part III of the Code in respect of his qualifying debts to the Adjudicating Authority if - The gross annual income of the debtor does not exceed ₹60,000: The aggregate value of the assets of the debtor does not exceed ₹20,000; The aggregate value of the qualifying debts does not exceed ₹35,000; He is not an undischarged bankrupt; He does not own a dwelling unit, irrespective of whether it is encumbered or not; A fresh start process, insolvency resolution process or bankruptcy process is not subsisting against him; and No previous fresh start order under this chapter has been made in relation to him in the preceding twelve months of the date of the application for fresh start.