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        Regulation 36B - Request for resolution plans.

        Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016
        Chapter X
        RESOLUTION PLAN

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        Request for resolution plans: process steps, timelines and possible performance security requirement govern submission and implementation. Regulation 36B requires the resolution professional to issue the information memorandum, evaluation matrix and a request for resolution plans to every resolution applicant in the final list within five days, specifying process steps, interaction modalities and timelines. Prospective applicants must be given a minimum submission period and cannot be required to pay a non-refundable deposit. Modifications to the request or evaluation matrix are treated as fresh issues and subject to the submission timeline. With committee approval, timelines may be extended or the request re-issued; the request may require provision of performance security for approved plans, forfeitable for failure to implement, with limited relaxation for certain real estate allottee groups.
                    Provisions expressly mentioned in the judgment/order text.

                        Request for resolution plans: process steps, timelines and possible performance security requirement govern submission and implementation.

                        Regulation 36B requires the resolution professional to issue the information memorandum, evaluation matrix and a request for resolution plans to every resolution applicant in the final list within five days, specifying process steps, interaction modalities and timelines. Prospective applicants must be given a minimum submission period and cannot be required to pay a non-refundable deposit. Modifications to the request or evaluation matrix are treated as fresh issues and subject to the submission timeline. With committee approval, timelines may be extended or the request re-issued; the request may require provision of performance security for approved plans, forfeitable for failure to implement, with limited relaxation for certain real estate allottee groups.





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                        ActsIncome Tax
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