https://www.taxtmi.com/acts?id=30985 Financial creditor may initiate the corporate insolvency resolution process against a corporate debtor on occurrence of default by filing an application before the Adjudicating Authority, alone or jointly with other financial creditors, subject to collective-filing requirements for specified classes of creditors and real estate allottees. The application must be in the prescribed form, accompanied by a record of default or other evidence, the proposed interim resolution professional's name, and other specified information. The Adjudicating Authority must admit or reject the application on the statutory grounds, give notice to cure defects before rejection, and the corporate insolvency resolution process commences from the date of admission. en-us Tue, 02 Jan 2018 12:59:04 +0530 Tue, 26 May 2026 11:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30985 Financial creditor may initiate the corporate insolvency resolution process against a corporate debtor on occurrence of default by filing an application before the Adjudicating Authority, alone or jointly with other financial creditors, subject to collective-filing requirements for specified classes of creditors and real estate allottees. The application must be in the prescribed form, accompanied by a record of default or other evidence, the proposed interim resolution professional's name, and other specified information. The Adjudicating Authority must admit or reject the application on the statutory grounds, give notice to cure defects before rejection, and the corporate insolvency resolution process commences from the date of admission. Act-Rules IBC Tue, 02 Jan 2018 12:59:04 +0530 https://www.taxtmi.com/acts?id=30985