https://www.taxtmi.com/acts?id=31078 Section 99 requires the resolution professional to examine an application under section 94 or section 95 within twenty-one days of appointment and submit a report recommending acceptance or rejection. In applications under section 95, the resolution professional may require proof of repayment through bank transfer evidence, cheque encashment evidence, or a signed acknowledgement by the creditor. The professional may also seek further information or explanation from the debtor, creditor, or any relevant person, who must respond within seven days. The report must record reasons and be shared with the debtor and the creditor. en-us Tue, 02 Jan 2018 15:35:20 +0530 Tue, 26 May 2026 12:09:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31078 Section 99 requires the resolution professional to examine an application under section 94 or section 95 within twenty-one days of appointment and submit a report recommending acceptance or rejection. In applications under section 95, the resolution professional may require proof of repayment through bank transfer evidence, cheque encashment evidence, or a signed acknowledgement by the creditor. The professional may also seek further information or explanation from the debtor, creditor, or any relevant person, who must respond within seven days. The report must record reasons and be shared with the debtor and the creditor. Act-Rules IBC Tue, 02 Jan 2018 15:35:20 +0530 https://www.taxtmi.com/acts?id=31078