TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Fast track corporate insolvency under IBC Section 56 must finish in 90 days, with a possible 45-day extension.</h1> The fast track corporate insolvency resolution process under Section 56 of the Insolvency and Bankruptcy Code (IBC), 2016, must be completed within 90 days from the commencement date, with a possible extension of up to 45 days if approved by the Adjudicating Authority. An extension requires a 75% vote from the committee of creditors. The resolution professional must submit the approved resolution plan to the Adjudicating Authority at least 15 days before the deadline. If no resolution plan is received or approved, the corporate debtor will be liquidated as per the IBC guidelines.
TaxTMI 
