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FORM PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPTWORKMEN AND EMPLOYEES Under Regulation 7 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations,
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Proof of claim is a document filed by a creditor in a bankruptcy case that states the amount of the debt owed by the debtor.
Creditors who believe they are owed money by a debtor in a bankruptcy case are required to file a proof of claim.
To fill out a proof of claim, creditors must provide information such as the amount of the claim, basis for the claim, and supporting documentation.
The purpose of a proof of claim is to ensure all creditors have the opportunity to participate in the distribution of assets in a bankruptcy case.
Information that must be reported on a proof of claim includes the creditor's name and address, amount of the claim, and any supporting documentation.
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