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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017 - IBBI/2017-18/GN/REG22 - Insolvency and Bankruptcy
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Confidentiality of liquidation value mandated for committee members; resolution plans must be filed within invited timeframes. Regulatory amendments define 'dissenting financial creditor' as a financial creditor who voted against or abstained from voting on the committee-approved resolution plan; require the resolution professional to provide liquidation value electronically to committee members only upon receiving a confidentiality undertaking and mandate that the interim or resolution professional maintain confidentiality of liquidation value; omit clauses (j) and (k) of regulation 36(2); and require resolution applicants to submit plans within the time specified in the invitation under clause (h) of sub-section (2) of section 25.
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Provisions expressly mentioned in the judgment/order text.
Confidentiality of liquidation value mandated for committee members; resolution plans must be filed within invited timeframes.
Regulatory amendments define "dissenting financial creditor" as a financial creditor who voted against or abstained from voting on the committee-approved resolution plan; require the resolution professional to provide liquidation value electronically to committee members only upon receiving a confidentiality undertaking and mandate that the interim or resolution professional maintain confidentiality of liquidation value; omit clauses (j) and (k) of regulation 36(2); and require resolution applicants to submit plans within the time specified in the invitation under clause (h) of sub-section (2) of section 25.
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