IBC and NCLT in India: A Creditor Document Checklist

Identify the debtor and nature of the debt

Confirm the contracting entity and whether the claim arises from finance, supplied goods or services, employment, a guarantee or another relationship. Keep corporate details and documents showing who incurred the obligation.

Build the debt and default record

Collect contracts, purchase orders, invoices, delivery or performance evidence, account statements, bank records, acknowledgements, security and demand correspondence. Prepare a transparent calculation of principal, interest and credits.

Check disputes and other proceedings

Record objections raised before the demand, quality or performance allegations, set-offs, arbitration or litigation and settlement discussions. These facts can affect whether an insolvency route is appropriate.

Distinguish a new filing from a claim in an existing process

If a public announcement has already been made, the creditor may need to use the applicable claim form and submit evidence to the insolvency professional. A proposed new application involves different statutory and tribunal requirements.

Use current IBBI and NCLT materials

Forms, regulations, orders and filing arrangements change. Check the current IBBI legal framework and the relevant NCLT bench information and have an IBC lawyer verify the route and deadline.

Official sources

• IBBI — updated legal framework ↗
• National Company Law Tribunal ↗