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Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

News and Press Release - Dated:- 7-2-2018 - The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 yesterday. According to the A .....

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lue and the liquidation value to each member of the committee of creditors in electronic form, on receiving a confidentiality undertaking. The resolution professional and registered valuers shall maintain confidentiality of the fair value and the liq .....

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pplicant latest by the date of invitation of resolution plan, on receiving confidentiality undertaking. c. The Resolution Professional shall issue an invitation, including the evaluation matrix, to the prospective resolution applicants. He may modify .....

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least 15 days from the issue of evaluation matrix or modification thereof, whichever is later, to submit resolution plans. An abridged invitation shall be available on the web site, if any, of the corporate debtor, and on the web site, if any, desig .....

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to dissenting financial creditors, the committee of creditors shall specify the amounts payable from resources under the resolution plan for these purposes. e. A Resolution Plan shall provide for the measures, as may be necessary, for insolvency res .....

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