https://www.taxtmi.com/news?id=15829 The Rules establish a creditor centric procedure for declaring a company "sick", appointing an interim administrator, convening class meetings to form a Committee of Creditors, and, where creditors approve, appointing a company administrator to prepare and seek Tribunal sanction of a scheme of revival and rehabilitation; they set required scheme contents, voting and quorum rules weighted by debt value, interim management powers, filing forms and timelines, a databank of eligible administrators, and a Rehabilitation and Insolvency Fund to support proceedings. en-us Thu, 03 Mar 2016 14:55:11 +0530 Wed, 11 Feb 2026 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15829 The Rules establish a creditor centric procedure for declaring a company "sick", appointing an interim administrator, convening class meetings to form a Committee of Creditors, and, where creditors approve, appointing a company administrator to prepare and seek Tribunal sanction of a scheme of revival and rehabilitation; they set required scheme contents, voting and quorum rules weighted by debt value, interim management powers, filing forms and timelines, a databank of eligible administrators, and a Rehabilitation and Insolvency Fund to support proceedings. News - Thu, 03 Mar 2016 14:55:11 +0530 https://www.taxtmi.com/news?id=15829