(1) The public announcement of the corporate insolvency resolution process under the order referred to in section 13 shall contain the following information, namely:-
(a) name and address of the corporate debtor under the corporate insolvency resolution process;
(b) name of the authority with which the corporate debtor is incorporated or registered;
(c) the last date for submission of claims;
(d) details of the interim resolution professional who shall be vested with the management of the corporate debtor and be responsible for receiving claims;
(e) penalties for false or misleading claims; and
(f) 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.
(2) The public
announcement under this section shall be made in such manner as may
be specified.
Insolvency and Bankruptcy Code 2016
Section 11 Persons not entitled to make application
Section 12 Time-limit for completion of insolvency resolution process
Section 13 Declaration of moratorium and public announcement
Section 15 Public announcement of corporate insolvency resolution process
Section 16 Appointment and tenure of interim resolution professional
Section 17 Management of affairs of corporate debtor by interim resolution professional
Section 18 Duties of interim resolution professional
Section 19 Personnel to extend cooperation to interim resolution professional
Section 20 Management of operations of corporate debtor as going concern