Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process For Corporate Persons) (Second Amendment) Regulations, 2017 - IBBI/2017-18/GN/REG017 - Insolvency and Bankruptcy
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Resolution plan stakeholder statement must explain how it addresses financial and operational creditors' interests under fast track rules. The amendment renames the regulation to reference the Fast Track Insolvency Resolution Process and inserts regulation 37(1A) requiring that a resolution plan include a statement explaining how it deals with the interests of all stakeholders, including financial creditors and operational creditors, with the amendment taking effect on publication in the Official Gazette.
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Resolution plan stakeholder statement must explain how it addresses financial and operational creditors' interests under fast track rules.
The amendment renames the regulation to reference the Fast Track Insolvency Resolution Process and inserts regulation 37(1A) requiring that a resolution plan include a statement explaining how it deals with the interests of all stakeholders, including financial creditors and operational creditors, with the amendment taking effect on publication in the Official Gazette.
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