https://www.taxtmi.com/article/detailed?id=7676 The Code provides a time bound insolvency framework: corporate resolution processes must conclude within a statutory period subject to one creditor approved extension, resolution plans require a super majority creditor vote before adjudicating authority approval, a fast track process exists for smaller companies, and liquidation follows where resolution fails. It establishes an Insolvency and Bankruptcy Board, insolvency professionals, information utilities, adjudicating authorities with appeal routes, a prescribed liquidation priority, treatment of preferential and undervalued transactions, penalties for concealment, and an insolvency fund with contributor withdrawal rules. en-us Mon, 23 Oct 2017 08:04:59 +0530 Mon, 23 Oct 2017 08:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7676 The Code provides a time bound insolvency framework: corporate resolution processes must conclude within a statutory period subject to one creditor approved extension, resolution plans require a super majority creditor vote before adjudicating authority approval, a fast track process exists for smaller companies, and liquidation follows where resolution fails. It establishes an Insolvency and Bankruptcy Board, insolvency professionals, information utilities, adjudicating authorities with appeal routes, a prescribed liquidation priority, treatment of preferential and undervalued transactions, penalties for concealment, and an insolvency fund with contributor withdrawal rules. Articles Goods and Services Tax - GST Mon, 23 Oct 2017 08:04:59 +0530 https://www.taxtmi.com/article/detailed?id=7676