https://www.taxtmi.com/article/detailed?id=7681 The National Company Law Tribunal is the Adjudicating Authority for corporate insolvency and liquidation under the Code, with territorial jurisdiction at the registered office. Financial creditors, operational creditors or the corporate debtor may initiate the corporate insolvency resolution process; the Adjudicating Authority must, within fourteen days, ascertain default and admit or reject applications, and admission triggers a moratorium, public announcement and appointment of an interim resolution professional. The resolution process is time bound, subject to a single extension, and culminates in approval of a resolution plan by the Committee of Creditors and tribunal sanction or, failing that, liquidation governed and supervised by the NCLT. en-us Thu, 26 Oct 2017 08:24:29 +0530 Thu, 26 Oct 2017 08:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7681 The National Company Law Tribunal is the Adjudicating Authority for corporate insolvency and liquidation under the Code, with territorial jurisdiction at the registered office. Financial creditors, operational creditors or the corporate debtor may initiate the corporate insolvency resolution process; the Adjudicating Authority must, within fourteen days, ascertain default and admit or reject applications, and admission triggers a moratorium, public announcement and appointment of an interim resolution professional. The resolution process is time bound, subject to a single extension, and culminates in approval of a resolution plan by the Committee of Creditors and tribunal sanction or, failing that, liquidation governed and supervised by the NCLT. Articles Corporate Laws / IBC / SEBI Thu, 26 Oct 2017 08:24:29 +0530 https://www.taxtmi.com/article/detailed?id=7681