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<h1>Admission or rejection of insolvency applications: authority must admit or reject and enable negotiations when admitted.</h1> The Adjudicating Authority must, within a prescribed short period after receipt of the resolution professional's report, admit or reject the insolvency application. On admission it may direct negotiations between debtor and creditors and assist in forming a repayment plan at the resolution professional's request. The Authority must provide creditors with the order, the professional's report and the initiating application within a further short period. If rejection rests on a finding that the application was made to defraud creditors or the resolution professional, the order must state the creditor's entitlement to file for a bankruptcy order under Chapter IV.