(1) A creditor may apply, either individually or jointly with other creditors, or through a resolution professional, to the Adjudicating Authority for initiating an insolvency resolution process against a debtor by submitting an application.

(2) A creditor may apply under sub-section (1) in relation to any partnership debt owed to the creditor by the firm.

(3) An application under sub-section (1) shall be in such form and manner and accompanied by such fee as may be prescribed.

(4) The creditor shall furnish, along with the application, evidence of the default and such other information, as may be specified.