Fast Track Insolvency commencement: creditors must submit proofs to the interim resolution professional within the prescribed period. The public announcement under Regulation 6 requires disclosure of the corporate debtor's identifying particulars, the fast track commencement date, estimated closure date, and the interim resolution professional's contact and registration details. Creditors are called to submit proofs of claim to the interim resolution professional within the prescribed period from appointment; financial creditors must submit electronically while other creditors may use prescribed modes. The announcement warns that false or misleading proofs of claim will attract penalties and provides for the interim resolution professional's signature.
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.
Fast Track Insolvency commencement: creditors must submit proofs to the interim resolution professional within the prescribed period.
The public announcement under Regulation 6 requires disclosure of the corporate debtor's identifying particulars, the fast track commencement date, estimated closure date, and the interim resolution professional's contact and registration details. Creditors are called to submit proofs of claim to the interim resolution professional within the prescribed period from appointment; financial creditors must submit electronically while other creditors may use prescribed modes. The announcement warns that false or misleading proofs of claim will attract penalties and provides for the interim resolution professional's signature.
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