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of <h1>Application for Fast Track Insolvency Requires Proof of Default and Eligibility Info as per Section 57 Regulations.</h1> An application for the fast track corporate insolvency resolution process can be initiated by a creditor or corporate debtor. It must include proof of default through records from an information utility or other specified means and additional information to establish eligibility for the process. The Board has the authority to make regulations to implement the provisions of this Code, which may include specifying the means and information required under Section 57.
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