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of <h1>Corporate Insolvency Resolution: Clear Guidelines for Submitting and Evaluating Recovery Plans Under Regulation 36B</h1> Regulation 36B of the Insolvency and Bankruptcy Board of India Regulations outlines the process for requesting resolution plans during corporate insolvency. The resolution professional must issue an information memorandum and request for resolution plans within five days, providing detailed process steps and interaction guidelines. Applicants must be given at least thirty days to submit plans, with no non-refundable deposit required. Performance security may be mandated upon plan approval, with specific provisions for real estate projects.
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