Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Creditors can challenge qualifying debt details under Section 86 of Insolvency Code within 10 days of order receipt.</h1> Under Section 86 of the Insolvency and Bankruptcy Code, 2016, creditors owed a qualifying debt, as mentioned in an Adjudicating Authority order, can file objections within ten days of receiving the order. Objections can be based on the inclusion of a debt as qualifying or inaccuracies in the debt details. Creditors must submit these objections through an application to the resolution professional, supported by necessary documents. The resolution professional evaluates these objections within ten days, potentially amending the list of qualifying debts, seeking directions from the Adjudicating Authority, or taking other necessary actions regarding the debtor.
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