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of <h1>Fast Track Corporate Insolvency Resolution: Key Regulations for Efficient Process under Section 58, Including Valuers and Asset Sales.</h1> The Fast Track Corporate Insolvency Resolution Process under Chapter II, as per Section 58, incorporates the procedures and penalties outlined in Chapter VII, adapting them as necessary. Key regulations include the appointment of registered valuers (Regulation 26), transfer of debt to creditors (Regulation 27), sale of assets outside ordinary business (Regulation 28), assistance from local district administration (Regulation 29), and management of fast track process costs (Regulation 30). These guidelines are part of a reference guide for conducting insolvency resolution and liquidation for corporate entities efficiently.
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