https://www.taxtmi.com/acts?id=31058 This Part fixes core bankruptcy concepts: what constitutes bankruptcy, the bankruptcy commencement date and bankruptcy order, the composition of bankruptcy debt, and the roles of the Adjudicating Authority, bankruptcy trustee, committee of creditors and resolution professional. It defines relational and ownership categories like associate and immediate family, specifies qualifying debt and enumerates excluded debts, and lists excluded assets that are not available to meet claims, thereby shaping eligibility and administration of bankruptcy processes. en-us Tue, 02 Jan 2018 15:03:16 +0530 Fri, 06 Dec 2019 10:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31058 This Part fixes core bankruptcy concepts: what constitutes bankruptcy, the bankruptcy commencement date and bankruptcy order, the composition of bankruptcy debt, and the roles of the Adjudicating Authority, bankruptcy trustee, committee of creditors and resolution professional. It defines relational and ownership categories like associate and immediate family, specifies qualifying debt and enumerates excluded debts, and lists excluded assets that are not available to meet claims, thereby shaping eligibility and administration of bankruptcy processes. Act-Rules IBC Tue, 02 Jan 2018 15:03:16 +0530 https://www.taxtmi.com/acts?id=31058