Revocation of fresh start process terminates moratorium and permits adjudicating authority to admit revocation applications. Revocation of a fresh start order may be sought by the resolution professional where the debtor becomes ineligible, breaches imposed restrictions, or acts mala fide; the Adjudicating Authority must admit or reject the application within the prescribed short period, and on admission the moratorium and fresh start process cease to have effect, with the order forwarded to the Board for register entry.
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.
Revocation of fresh start process terminates moratorium and permits adjudicating authority to admit revocation applications.
Revocation of a fresh start order may be sought by the resolution professional where the debtor becomes ineligible, breaches imposed restrictions, or acts mala fide; the Adjudicating Authority must admit or reject the application within the prescribed short period, and on admission the moratorium and fresh start process cease to have effect, with the order forwarded to the Board for register entry.
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