Fast track corporate insolvency: Chapter II processes and penalties apply, covering valuers, debt transfer, asset sales, and costs. The fast track corporate insolvency regime applies Chapter II corporate insolvency resolution procedures and Chapter VII offences and penalties as the context requires; it prescribes appointment of registered valuers, transfer of debt, sale of assets outside the ordinary course of business, assistance from local district administration, and fast track process costs.
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 corporate insolvency: Chapter II processes and penalties apply, covering valuers, debt transfer, asset sales, and costs.
The fast track corporate insolvency regime applies Chapter II corporate insolvency resolution procedures and Chapter VII offences and penalties as the context requires; it prescribes appointment of registered valuers, transfer of debt, sale of assets outside the ordinary course of business, assistance from local district administration, and fast track process costs.
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