Pre-packaged insolvency resolution process application requirements, filing form, defect cure, and admission timeline A corporate applicant may file an application to initiate the pre-packaged insolvency resolution process where the corporate debtor meets the requirements of section 54A. The application must be in the prescribed form, contain prescribed particulars, be filed in the prescribed manner, be accompanied by the prescribed fee, and include specified information. The Adjudicating Authority must, within fourteen days, admit a complete application or reject an incomplete one after giving notice and seven days to cure defects. The process commences on 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.
Pre-packaged insolvency resolution process application requirements, filing form, defect cure, and admission timeline
A corporate applicant may file an application to initiate the pre-packaged insolvency resolution process where the corporate debtor meets the requirements of section 54A. The application must be in the prescribed form, contain prescribed particulars, be filed in the prescribed manner, be accompanied by the prescribed fee, and include specified information. The Adjudicating Authority must, within fourteen days, admit a complete application or reject an incomplete one after giving notice and seven days to cure defects. The process commences on admission.
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