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<h1>Fast track corporate insolvency resolution process enables expedited proceedings for eligible corporate debtors under notified thresholds.</h1> Section 55 designates a fast track corporate insolvency resolution process for corporate insolvency resolution processes carried out under Chapter IV and limits applications to corporate debtors notified by the Central Government: those with assets and income below notified levels, those with a notified class of creditors or notified amount of debt, or other categories of corporate persons as may be notified.