TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... b) Code means the Insolvency and Bankruptcy Code, 2016; (c) Code of Conduct means the code of conduct for insolvency professionals as set out in the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016; (d) committee means a committee of creditors established under section 21; 1 [(e) dissenting financial creditor means a financial creditor who v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assets of the corporate debtor, if they were to be exchanged on the insolvency commencement date between a willing buyer and a willing seller in an arm s length transaction, after proper marketing and where the parties had acted knowledgeably, prudently and without compulsion;] (h) fast track process means the fast track insolvency resolution process for corporate persons under Chapter IV ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Professionals) Regulations, 2016; 3 [(n) liquidation value means the estimated realizable value of the assets of the corporate debtor, if the corporate debtor were to be liquidated on the insolvency commencement date.] (o) participant means a person entitled to attend a meeting of the committee under section 24 or any other person authorised by the committee to attend the meeting; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ans the financial creditors who voted against the resolution plan approved by the committee; 2. Inserted vide Notification No. IBBI/2017-18/GN/REG/025 - Dated 07-02-2018 3. Substituted vide Notification No. IBBI/2017-18/GN/REG/025 - Dated 07-02-2018 , before it was read as, (n) liquidation value means the amount determined in accordance with Regulation 34; - - statute, statu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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