https://www.taxtmi.com/news?id=19862 The Committee recommends explicit recognition of home buyers as financial creditors, clarification and tightening of eligibility under section 29A (limiting disqualification to the resolution applicant and immediate connected persons while providing carve outs for specified financial entities and temporary relief for acquisition related NPAs), procedural reforms to the CoC (authorised representatives for large creditor classes, electronic voting, and reduced voting thresholds to 66% for critical decisions and 51% for routine matters), optional alternatives to bank certification for operational creditors, extension of IRP tenure until RP appointment, RP responsibility for statutory compliance, and allowances for up to one year to obtain regulatory clearances post plan approval. en-us Tue, 03 Apr 2018 17:50:25 +0530 Wed, 11 Feb 2026 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19862 The Committee recommends explicit recognition of home buyers as financial creditors, clarification and tightening of eligibility under section 29A (limiting disqualification to the resolution applicant and immediate connected persons while providing carve outs for specified financial entities and temporary relief for acquisition related NPAs), procedural reforms to the CoC (authorised representatives for large creditor classes, electronic voting, and reduced voting thresholds to 66% for critical decisions and 51% for routine matters), optional alternatives to bank certification for operational creditors, extension of IRP tenure until RP appointment, RP responsibility for statutory compliance, and allowances for up to one year to obtain regulatory clearances post plan approval. News - Tue, 03 Apr 2018 17:50:25 +0530 https://www.taxtmi.com/news?id=19862