https://www.taxtmi.com/news?id=18201 The regulations create a time bound fast track insolvency process for eligible corporate debtors, requiring completion within 90 days (extendable once up to 45 days) and governing initiation, IRP appointment, and conclusion by Adjudicating Authority approval of a resolution plan. Eligible entities include small companies, startups and certain unlisted companies with limited assets; creditors or corporate debtors may apply with proof of default. The IRP may, within 21 days of appointment, apply to convert a fast track case into the normal corporate insolvency resolution process if the fast track is deemed inapplicable. en-us Fri, 16 Jun 2017 11:47:24 +0530 Fri, 16 Jun 2017 11:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18201 The regulations create a time bound fast track insolvency process for eligible corporate debtors, requiring completion within 90 days (extendable once up to 45 days) and governing initiation, IRP appointment, and conclusion by Adjudicating Authority approval of a resolution plan. Eligible entities include small companies, startups and certain unlisted companies with limited assets; creditors or corporate debtors may apply with proof of default. The IRP may, within 21 days of appointment, apply to convert a fast track case into the normal corporate insolvency resolution process if the fast track is deemed inapplicable. News - Fri, 16 Jun 2017 11:47:24 +0530 https://www.taxtmi.com/news?id=18201