Compromise or arrangement

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..... tion under 3 [ **** ] section 33. 2 [ Provided that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall not be a party in any manner to such compromise or arrangement. ] 5 [ Provided further that the liquidator shall file the proposal of compromise or arrangement only in cases where such recommendation ha .....

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..... ement is not sanctioned by the Tribunal under sub-section (6) of section 230. ] ********* Notes 1. Inserted vide NOTIFICATION No. IBBI/2019-20/GN/REG047 dated 25-07-2019 2. Inserted vide Notification No. IBBI/2019-20/GN/REG053 dated 06-01-2020 3. Omitted vide Notification No. IBBI/2021-22/GN/REG079 dated 30-09-2021 before it was read as sub-sections (1) and (4) of .....

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