Fast track corporate insolvency resolution process provision omitted after earlier framework for notified corporate debtors Section 55 of the Insolvency and Bankruptcy Code concerning fast track corporate insolvency resolution process is shown as omitted. The note records that the provision earlier defined a fast track corporate insolvency resolution process for corporate insolvency resolution proceedings under the chapter, and allowed applications for specified corporate debtors meeting notified criteria relating to assets and income, class of creditors or amount of debt, or other notified categories.
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Fast track corporate insolvency resolution process provision omitted after earlier framework for notified corporate debtors
Section 55 of the Insolvency and Bankruptcy Code concerning fast track corporate insolvency resolution process is shown as omitted. The note records that the provision earlier defined a fast track corporate insolvency resolution process for corporate insolvency resolution proceedings under the chapter, and allowed applications for specified corporate debtors meeting notified criteria relating to assets and income, class of creditors or amount of debt, or other notified categories.
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