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(1) The application for bankruptcy by the debtor shall be accompanied
by—
(a) the records of insolvency resolution process undertaken under Chapter III of Part III;
(b) the statement of affairs of the debtor in such form and manner as may be prescribed, on the
date of the application for bankruptcy; and
(c) a copy of the order passed by the Adjudicating Authority under Chapter III of Part III
permitting the debtor to apply for bankruptcy.
(2) The debtor may propose an insolvency professional as the bankruptcy trustee in the application for
bankruptcy.
(3) The application referred to in sub-section (1) shall be in such form and manner and accompanied
by such fee as may be prescribed.
(4) An application for bankruptcy by the debtor shall not be withdrawn without the leave of the
Adjudicating Authority.
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