Collective filing requirement for financial creditors mandates joint applications and a statutory modification deadline with withdrawal consequence. The amendment imposes a collective filing requirement on specified financial creditors and real estate allottees to initiate corporate insolvency resolution by joint application meeting a prescribed proportional threshold, and mandates that pending unadmitted applications be modified to comply within a statutory period or be deemed withdrawn prior to admission.
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.
Collective filing requirement for financial creditors mandates joint applications and a statutory modification deadline with withdrawal consequence.
The amendment imposes a collective filing requirement on specified financial creditors and real estate allottees to initiate corporate insolvency resolution by joint application meeting a prescribed proportional threshold, and mandates that pending unadmitted applications be modified to comply within a statutory period or be deemed withdrawn prior to admission.
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