Insolvency and Liquidation Proceedings of Financial Service Provider and Application to Adjudicating Authority - Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
Insolvency and Liquidation Proceedings of Financial Service Provider and Application to Adjudicating Authority - Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
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Terminology substitution in insolvency rules: financial service provider and administrator replace prior debtor and professional terms. The rules substitute terminology so that, for insolvency and liquidation proceedings, "corporate debtor" is replaced by financial service provider, and ... Summary
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Terminology substitution in insolvency rules: financial service provider and administrator replace prior debtor and professional terms.
The rules substitute terminology so that, for insolvency and liquidation proceedings, "corporate debtor" is replaced by financial service provider, and the roles "insolvency professional", "interim resolution professional", "resolution professional" and "liquidator" are replaced by the single term administrator, for purposes of applying the Code's provisions to financial service providers before the adjudicating authority.
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