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Pre-packaged insolvency resolution process defined, aligning terminology with the Insolvency and Bankruptcy Code for corporate cases. Defines key terms for the pre-packaged insolvency framework: Code means the Insolvency and Bankruptcy Code, 2016; pre-packaged insolvency resolution process means the insolvency resolution process for corporate persons under Chapter III-A of Part II of the Code; Form means a Form appended to these rules; and identification number means the LLP identification number or corporate identity number. Unspecified words and expressions take the meanings assigned in the Code.
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Provisions expressly mentioned in the judgment/order text.
Pre-packaged insolvency resolution process defined, aligning terminology with the Insolvency and Bankruptcy Code for corporate cases.
Defines key terms for the pre-packaged insolvency framework: Code means the Insolvency and Bankruptcy Code, 2016; pre-packaged insolvency resolution process means the insolvency resolution process for corporate persons under Chapter III-A of Part II of the Code; Form means a Form appended to these rules; and identification number means the LLP identification number or corporate identity number. Unspecified words and expressions take the meanings assigned in the Code.
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