How to draft an application to avoid preferential transactions under IBC

How to draft an application to avoid preferential transactions under IBC

This article will teach you what preferential transactions are under the Insolvency & Bankruptcy Code (IBC). You will also learn how to draft an application in such circumstances and related procedures. So, if you are starting your journey as an insolvency professional or a lawyer, this guide will be handy. 
section 10 application

Guide to preparing an application to initiate CIRP under section 10 of IBC, 2016

What documents do you need to prepare an application under section 10 of IBC? How does this process differ from insolvency proceedings initiated by financial creditors and operational creditors? Are all corporate persons eligible to file the applications? If you are looking for answers to such questions, you have arrived at the right place! Whether you're a business owner, legal professional, chartered accountant, company secretary, or cost accountant, we’ve got you covered.