Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Home Acts & Rules Insolvency and Bankruptcy Act Insolvency and Bankruptcy Code, 2016 Chapters List Chapter III-A (of Part II) PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS This
← Previous Next →
  • Login
  • Plus+

 

User Login
Username  
Password  
Stay sign in     

Forget password       New User/ Regiser


Register for Demo / Trial


Annual Subscription Offer

With popular demand, we introduce:-
Special offer on GST Package for Professionals
i.e. CA/CWA/CS/Advocate/Others @ 2500/- +GST



 

Section 54K - Consideration and approval of resolution plan - Insolvency and Bankruptcy Code, 2016

Extract

..... b-section (4) or invitation of prospective resolution applicants under sub-section (5), as the case may be. (3) The resolution plans and the base resolution plan, submitted under this section shall conform to the requirements referred to in sub-sections (1) and (2) of section 30, and the provisions of sub-sections (1), (2) and (5) of section 30 shall, mutatis mutandis apply, to the proceedings under this Chapter. (4) The committee of creditors may approve the base resolution plan for submission .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Section 54K - Consideration and approval of resolution plan - Insolvency and Bankruptcy Code, 2016

X X   X X   Extracts   X X   X X

..... evaluation of resolution plans for the purposes of sub-section (9), as approved by the committee of creditors subject to such conditions as may be specified; and (b) the relevant information referred to in section 29, which shall, mutatis mutandis apply, to the proceedings under this Chapter, in such manner as may be specified. (8) The resolution professional shall present to the committee of creditors, for its evaluation, resolution plans which conform to the requirements referred to in sub-se .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Section 54K - Consideration and approval of resolution plan - Insolvency and Bankruptcy Code, 2016

X X   X X   Extracts   X X   X X

..... under sub-section (10) or sub-section (11), as the case may be, may be approved by the committee of creditors for submission to the Adjudicating Authority: Provided that where the resolution plan selected for approval under sub-section (11) is not approved by the committee of creditors, the resolution professional shall file an application for termination of the pre-packaged insolvency resolution process in such form and manner as may be specified. (13) The approval of the resolution plan under .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Section 54K - Consideration and approval of resolution plan - Insolvency and Bankruptcy Code, 2016

X X   X X   Extracts   X X   X X

..... plan under sub-section (4) or sub-section (12), as the case may be, record reasons for its approval. (15) The resolution professional shall submit the resolution plan as approved by the committee of creditors under sub-section (4) or sub-section (12), as the case may be, to the Adjudicating Authority. Explanation I.-For the removal of doubts, it is hereby clarified that, the corporate debtor being a resolution applicant under clause (25) of section 5, may submit the base resolution plan either .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Section 54K - Consideration and approval of resolution plan - Insolvency and Bankruptcy Code, 2016

X X   X X   Extracts   X X   X X

 

← Previous Next →

 

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||