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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Insolvency Rules: Verify Claims in 7 Days, Maintain Creditor List, Ensure Transparency for Stakeholders and Authorities.</h1> The Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, mandates that the interim resolution professional or resolution professional must verify all claims within seven days from the last date of receipt of claims. They must maintain and update a list of creditors, detailing the names, claimed amounts, admitted amounts, and any security interests. This list should be accessible for inspection by claimants, corporate debtor stakeholders, displayed on the corporate debtor's website, filed with the Adjudicating Authority, and presented at the first committee meeting.
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