Pre-packaged insolvency definitions clarify valuation terms, committee participation, and electronic communication under the insolvency framework. The definitions provision identifies the principal expressions governing the pre-packaged insolvency resolution process, including applicant, class of creditors, committee, participant, process, electronic form, electronic means, insolvency professional entity, registered valuer, and video conferencing or other audio and visual means. It also defines fair value and liquidation value for valuation purposes, aligns Form with the format notified by the Board, and applies meanings from the Insolvency and Bankruptcy Code, 2016 where terms are not separately defined.
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 definitions clarify valuation terms, committee participation, and electronic communication under the insolvency framework.
The definitions provision identifies the principal expressions governing the pre-packaged insolvency resolution process, including applicant, class of creditors, committee, participant, process, electronic form, electronic means, insolvency professional entity, registered valuer, and video conferencing or other audio and visual means. It also defines fair value and liquidation value for valuation purposes, aligns Form with the format notified by the Board, and applies meanings from the Insolvency and Bankruptcy Code, 2016 where terms are not separately defined.
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