Bankruptcy order timing and document delivery obligations for individuals and partnership firms clarified under insolvency law. The Adjudicating Authority must pass a bankruptcy order for individuals and partnership firms within fourteen days of receiving confirmation or nomination of the bankruptcy trustee under section 125, and must provide the bankrupt, creditors and the bankruptcy trustee, within seven days of the bankruptcy order, a copy of the application for bankruptcy and a copy of the bankruptcy order.
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.
Bankruptcy order timing and document delivery obligations for individuals and partnership firms clarified under insolvency law.
The Adjudicating Authority must pass a bankruptcy order for individuals and partnership firms within fourteen days of receiving confirmation or nomination of the bankruptcy trustee under section 125, and must provide the bankrupt, creditors and the bankruptcy trustee, within seven days of the bankruptcy order, a copy of the application for bankruptcy and a copy of the bankruptcy order.
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