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of <h1>Key Definitions in Fast Track Insolvency Regulations 2017: Applicant, Committee, Dissenting Creditor, and More Explained</h1> The Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, provides definitions for terms used within the regulations. Key definitions include 'applicant,' referring to the person filing an application under the Code; 'committee,' meaning the committee of creditors; 'dissenting financial creditor,' a creditor who voted against or abstained from voting on the resolution plan; and 'fast track process,' the expedited insolvency resolution process. Other terms defined include 'evaluation matrix,' 'fair value,' 'liquidation value,' and 'video conferencing,' among others. Words not defined in the regulations but defined in the Code retain their meanings from the Code.
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