Regulation 29 - Assistance of local district administration
Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter VIII CONDUCT OF THE FAST TRACK PROCESS
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Local district administration assistance enables resolution professionals to seek ordered support to discharge duties under the insolvency process. An interim resolution professional or resolution professional may apply to the Adjudicating Authority for an order seeking assistance of the local ... Summary
Local district administration assistance enables resolution professionals to seek ordered support to discharge duties under the insolvency process.
An interim resolution professional or resolution professional may apply to the Adjudicating Authority for an order seeking assistance of the local district administration to discharge duties under the Code or the Fast Track Regulations, providing a procedural mechanism to obtain administrative support during the fast track insolvency resolution process.
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