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🚀 New: Section-Wise Filter ✕

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          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.

          <h1>Resolution professional examination and report: duty to review insolvency applications and recommend acceptance or rejection promptly.</h1> The resolution professional must examine an application under section 94 or 95 within ten days, may require proof of debt (electronic transfer, cheque encashment, or creditor acknowledgement), and treat debts registered with an information utility as undisputable. The professional may seek further information with a seven-day response period, verify compliance with procedural requirements, recommend acceptance or rejection with recorded reasons, recommend conversion to a section 81 application if the debtor is eligible for a fresh start, and provide the report to the debtor or creditor.

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