Regulation 11A - Facilitation of transfer of assets
Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter IV MEETINGS OF CREDITORS AND VOTING
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Asset transfer coordination in personal guarantor insolvency requires creditor approval and disclosure under the resolution process framework. Facilitation of transfer of assets in the insolvency resolution process of a personal guarantor requires coordination between the resolution professional of the personal guarantor and the resolution professional of the corporate debtor for the purposes of section 28A. The resolution professional must obtain approval from the meeting of creditors before transfer, and any approved transfer must be appropriately disclosed in the report under sections 106 and 112.
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.
Asset transfer coordination in personal guarantor insolvency requires creditor approval and disclosure under the resolution process framework.
Facilitation of transfer of assets in the insolvency resolution process of a personal guarantor requires coordination between the resolution professional of the personal guarantor and the resolution professional of the corporate debtor for the purposes of section 28A. The resolution professional must obtain approval from the meeting of creditors before transfer, and any approved transfer must be appropriately disclosed in the report under sections 106 and 112.
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