Section 57 - Manner of initiating fact track corporate insolvency resolution process. - Insolvency and Bankruptcy Code, 2016

Manner of initiating fact track corporate insolvency resolution process. 57. An application for fast track corporate insolvency resolution process may be filed by a creditor or corporate debtor as the case may be, alongwith-- (a) the proof of the existence of default as evidenced by records available with an information utility or such other means as may be specified by the Board; and (b) such other information as may be specified by the Board to establish that the corporate debtor is eligible for fast track corporate insolvency resolution process. *********** Notes:- 1. Come into the force w.e.f. [F.N. 30/4/2017-Insolvency] - S.O. 1910(E). - Dated 14-06-2017