https://www.taxtmi.com/news?id=22274 The Bill clarifies that the insolvency commencement date is the date of admission of a CIRP application, requires appointment of the interim resolution professional on that date, sets minimum joint-filing thresholds for certain classes of financial creditors and real-estate allottees, protects licences and critical supplies from suspension during the moratorium (subject to payment of current dues), extends the resolution professional's management role until plan approval or liquidation appointment, and creates limited immunity from prosecution and action against corporate property where an approved resolution plan effects change of control to an unaffiliated person while preserving liability for involved individuals. en-us Thu, 12 Dec 2019 14:30:35 +0530 Wed, 11 Feb 2026 15:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22274 The Bill clarifies that the insolvency commencement date is the date of admission of a CIRP application, requires appointment of the interim resolution professional on that date, sets minimum joint-filing thresholds for certain classes of financial creditors and real-estate allottees, protects licences and critical supplies from suspension during the moratorium (subject to payment of current dues), extends the resolution professional's management role until plan approval or liquidation appointment, and creates limited immunity from prosecution and action against corporate property where an approved resolution plan effects change of control to an unaffiliated person while preserving liability for involved individuals. News - Thu, 12 Dec 2019 14:30:35 +0530 https://www.taxtmi.com/news?id=22274