Rules applicable to submission of proof of claim

 

Operational Creditors, Financial Creditors, Creditor in a class, Workman and employees or any other stakeholder are requested to file their Claim in the form B, C, CA, E and F respectively as laid down by the Code.

 

Please note the following provisions of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 shall apply to the IL&FS claims process with respect to the submission of claims with proof, determination of amount of claim, and other relevant matters.

  • Regulation 7 - Claims by Operational Creditors
  • Regulation 8 - Claims by Financial Creditors
  • Regulation 8A - Claims by creditors in a class
  • Regulation 9 - Claims by workmen and employees
  • Regulation 9A - Claims by other creditors
  • Regulation 10 - Substantiation of Claims
  • Regulation 11 - Cost of proof
  • Regulation 14 - Determination of amount of Claim
  • Regulation 15 - Debt in Foreign Currency (The claims denominated in foreign currency shall be valued in Indian currency at the official exchange rate as on15th October 2018.)
  • Regulation 28 – Transfer of debt due to creditors

For further details on the above stated regulations please refer to the below link-

https://ibbi.gov.in/webadmin/pdf/legalframwork/2019/Jan/CIRP Regulations upto 24.1.2019_2019-01-29 18:49:02.pdf

 

Financial creditors in a class e.g. bond or debenture holders

Please note that if you are a creditor in a class (debentures), as understood in the context of section 21 6(A) (a) of the Insolvency and Bankruptcy Code, 2016, the concerned IL&FS group entity has agreed with the Trustee appointed in respect of the class that it shall submit claims on behalf of all creditors in the class. Please do not submit an individual claim. In case a debenture holder wishes to make enquiries about his / her claim, they should contact their appointed Trustee directly.

 

Employee claims

Please note that the concerned IL&FS group entity shall facilitate submission of claims on behalf of all employees. Therefore, please do not submit an individual claim – there is no need to do so. Incase an employee wishes to make enquiries about his / her claim, they should contact the IL&FS HR department on the following email id- claims.ilfsemployees@ilfsindia.com

 

Creditors have the following two options:

 

Option (A) File the Claim Form ONLINE by using the appropriate links provided below:

 

OR

 

Option (B) Download the relevant claim form, appropriately complete the same, take a print, and sign appropriately, scan and mail to the email address mentioned below.

 

E-Mail ID ILFS.Claims@IN.GT.COM

 

For Option (A) please use the appropriate link as provided below:

 

FORM B     For Operational Creditors (except Workmen and Employees)

FORM C     For Financial Creditors

FORM CA     For creditor in a Class

FORM E     For Workmen and Employees (where the claim is being filed by an Authorised representative of the Workmen & Employee)

FORM F     For creditors other than Financial creditors and operational Creditors

 

OR

 

For Option (B) Download a Claim Form as relevant to you using the appropriate link provided below:

 

FORM B     For Operational Creditors (except Workmen and Employees)

FORM C     For Financial Creditors

FORM CA     For creditor in a Class

FORM D     For Workman and Employee (where the claim is being filed by an individual)

FORM E     For Workmen and Employees (where the claim is being filed by an Authorised representative of the Workmen & Employee)

FORM F     For creditors other than Financial creditors and operational Creditors