Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter VIII CONDUCT OF THE FAST TRACK PROCESS
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Transfer of debt requires disclosure to the resolution professional; the professional must promptly notify creditors and the adjudicating authority. Transfer of debt during the fast track process requires parties to provide the resolution professional with the terms of the assignment or transfer and the identity of the assignee or transferee; the resolution professional must notify each creditor and the Adjudicating Authority of any resultant change in the committee within a short prescribed period.
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.
Transfer of debt requires disclosure to the resolution professional; the professional must promptly notify creditors and the adjudicating authority.
Transfer of debt during the fast track process requires parties to provide the resolution professional with the terms of the assignment or transfer and the identity of the assignee or transferee; the resolution professional must notify each creditor and the Adjudicating Authority of any resultant change in the committee within a short prescribed period.
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