Fast track corporate insolvency resolution process initiation requirements and eligibility information were earlier specified before section 57 was omitted. Section 57, formerly dealing with the manner of initiating the fast track corporate insolvency resolution process, has been omitted with effect from 26-05-2026. Earlier, it permitted an application by a creditor or the corporate debtor, supported by proof of default from an information utility or other specified means, and by other information specified by the Board to show eligibility for the fast track process.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fast track corporate insolvency resolution process initiation requirements and eligibility information were earlier specified before section 57 was omitted.
Section 57, formerly dealing with the manner of initiating the fast track corporate insolvency resolution process, has been omitted with effect from 26-05-2026. Earlier, it permitted an application by a creditor or the corporate debtor, supported by proof of default from an information utility or other specified means, and by other information specified by the Board to show eligibility for the fast track process.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
