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        IBC

        Regulation 51 - Vesting of the management with resolution professional

        Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
        Chapter X
        MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR

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        Management vesting with resolution professional requires a prescribed application in the Board-notified format. For the purposes of section 54J(1), the resolution professional is required to make the application for vesting of management in the format notified by the Board. The provision concerns the prescribed application mechanism for vesting of the corporate debtor's management with the resolution professional.
                  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.

                        Management vesting with resolution professional requires a prescribed application in the Board-notified format.

                        For the purposes of section 54J(1), the resolution professional is required to make the application for vesting of management in the format notified by the Board. The provision concerns the prescribed application mechanism for vesting of the corporate debtor's management with the resolution professional.


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