https://www.taxtmi.com/news?id=20234 Amendments require class-based creditor representation by offering three nominated insolvency professionals with appointment based on the highest creditor choice; allow withdrawal applications before EoI with bank guarantee and CoC approval by ninety percent voting share and filing by the resolution professional within three days; set voting share for creditors without agreed interest to include interest at eight percent per annum; extend interim resolution professional functions until appointment if delayed beyond forty days; prescribe reduced CoC notice and voting window rules where authorised representatives exist; impose fixed deadlines for opinion, determination and filing on avoidance transactions; standardise EoI, provisional and final applicant lists, issuance of information memorandum, RFRP and minimum timeframes for submission and strict evaluation of resolution plans. en-us Wed, 04 Jul 2018 19:00:24 +0530 Wed, 04 Jul 2018 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20234 Amendments require class-based creditor representation by offering three nominated insolvency professionals with appointment based on the highest creditor choice; allow withdrawal applications before EoI with bank guarantee and CoC approval by ninety percent voting share and filing by the resolution professional within three days; set voting share for creditors without agreed interest to include interest at eight percent per annum; extend interim resolution professional functions until appointment if delayed beyond forty days; prescribe reduced CoC notice and voting window rules where authorised representatives exist; impose fixed deadlines for opinion, determination and filing on avoidance transactions; standardise EoI, provisional and final applicant lists, issuance of information memorandum, RFRP and minimum timeframes for submission and strict evaluation of resolution plans. News - Wed, 04 Jul 2018 19:00:24 +0530 https://www.taxtmi.com/news?id=20234