How the claims filed Workmen or Employees under CIRP and Liquidation Process has to be differentiated between them under Insolvency and Bankruptcy Code 2016? – Adv. Shivam Jaiswal
Claim Form To Be Filled By Workmen or Employees In Case The Company Is Under CIRP or Liquidation Process
In case the company is under CIRP, the employees and workmen has to file claim in FORM D i.e. Proof of Claim by a Workman or Employee, Under Regulation 9 of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
In case the company is under Liquidation Process, the employees and workmen has to file claim in FORM E i.e. Proof of Claim by a Workman or Employee, Under Regulation 19 of the Insolvency and Bankruptcy (Liquidation Process) Regulations, 2016.