Regulation 28B - Facilitation of transfer of assets
Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 Chapter VIII CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESS
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Corporate guarantor asset transfers require coordination, committee approval, and disclosure in the information memorandum. Facilitation of transfer of assets applies where the corporate debtor is a corporate guarantor undergoing a corporate insolvency resolution process. The resolution professional must coordinate with the resolution professional of the guaranteed debtor regarding transfer of assets, obtain approval from the guarantor's committee for the transfer, and ensure disclosure of the proposed transfer in the information memorandum.
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.
Corporate guarantor asset transfers require coordination, committee approval, and disclosure in the information memorandum.
Facilitation of transfer of assets applies where the corporate debtor is a corporate guarantor undergoing a corporate insolvency resolution process. The resolution professional must coordinate with the resolution professional of the guaranteed debtor regarding transfer of assets, obtain approval from the guarantor's committee for the transfer, and ensure disclosure of the proposed transfer in the information memorandum.
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