The Company Secretary
All Listed Companies / Interim Resolution Professionals (IRP)/ Resolution Professionals (RP)
Subject: Guidance note for filing intimations w.r.t. Insolvency and Bankruptcy Code (IBC) / Inter-Creditors Agreement (ICA)
Dear Sir/ Madam,
This is in furtherance to the below mentioned circulars issued by the Exchange:
1. Exchange Circular No. LIST/COMP/29/2019-20 dated September 24, 2019, issued in relation to Disclosure of Default / Inter Creditor Agreement (ICA),
2. Exchange Notice No. 20210709-9 dated July 09, 2021, issued in relation to Guidance note for companies undergoing Corporate Insolvency Resolution Process
3. Exchange Notice No. 20220520-52 dated May 20, 2022, issued in reference to Surveillance Measures for Securities under IBC/ICA.
All listed entities/Resolution Professionals are required to strictly adhere to filing the disclosures at various stages of Corporate Insolvency Resolution Process (CIRP) in the designated subject through BSE listing centre. Below mentioned shall be the path for submission of intimations w.r.t Admission of CIRP, Approval of Resolution Plan by NCLT and Withdrawal of CIRP by Hon’ble NCLT.
· Commencement of CIRP – Intimation shall be submitted as corporate announcement through BSE listing centre under following path:
Category / Sub-Category: Corporate Insolvency Resolution Process (CIRP) > Description: Admission of application by Tribunal / Appointment of Interim Resolution Professional (IRP)
· Approval of Resolution Plan – Intimation shall be submitted as corporate announcement through BSE listing centre under following path:
Category / Sub-Category: Corporate Insolvency Resolution Process (CIRP) > Description: Approval of Resolution plan by Tribunal
· Withdrawal of CIRP – Intimation shall be submitted as corporate announcement through BSE listing centre under following path:
Category / Sub-Category: Corporate Insolvency Resolution Process (CIRP) > Description: Updates - Corporate Insolvency Resolution Process (CIRP)
Apart for the above all other intimations w.r.t CIRP (as per the provisions of schedule III Part A of SEBI (LODR) Regulations, 2015) shall also be submitted under the respective tab under “Corporate Insolvency Resolution Process“through BSE Listing centre only.
It shall be pertinent to note that the circular is in furtherance to the guidance note & circulars already issued by the Exchange as mentioned above.
Further, all listed entities shall promptly intimate the Exchange in case of any Resolution plan/ Restructuring in relation to loans/borrowings from banks/financial institutions including signing of Inter-Creditors Agreement (ICA) by lenders along with the broad details in accordance with Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. Below mentioned shall be the path for submission of intimations w.r.t Resolution plan/ Restructuring in relation to loans/borrowings from banks/financial institutions.
· Resolution plan/ Restructuring in relation to loans/borrowings from banks/financial institutions including Signing of Inter Creditors Agreement (ICA) by lenders–
Intimation shall be submitted as corporate announcement through BSE listing centre under following path:
Category / Sub-Category: Announcement under Regulation 30 (LODR) >
Description: General
Announcement Type: General_Announcements
Subject: “Announcement related to ICA”
Please find annexed the above referred circulars for companies undergoing Corporate Insolvency Resolution Process.
All listed entities are requested to kindly take note of the contents of the circular and ensure compliance of the same.
Ashok kumar Singh
AGM-Listing Compliance
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Shyam Bhagirath
Manager-Listing Compliance
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June 7, 2022
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