https://www.taxtmi.com/article/detailed?id=9157 The Amendment defines the insolvency commencement date as the date of admission of a CIRP application, imposes collective-filing requirements for specified classes of financial creditors and real-estate allottees with a mechanism to modify pending applications, clarifies that excluded corporate debtors may initiate proceedings against other corporate debtors, protects licences and critical supplies during moratorium subject to current dues, requires appointment of the interim resolution professional on the commencement date, extends the resolution professional's management post-CIRP until plan approval or liquidation, and limits action against corporate debtor liability and property for pre-CIRP offences where a resolution plan effects change of control while preserving individual liability and investigatory assistance. en-us Thu, 07 May 2020 09:03:54 +0530 Thu, 07 May 2020 09:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9157 The Amendment defines the insolvency commencement date as the date of admission of a CIRP application, imposes collective-filing requirements for specified classes of financial creditors and real-estate allottees with a mechanism to modify pending applications, clarifies that excluded corporate debtors may initiate proceedings against other corporate debtors, protects licences and critical supplies during moratorium subject to current dues, requires appointment of the interim resolution professional on the commencement date, extends the resolution professional's management post-CIRP until plan approval or liquidation, and limits action against corporate debtor liability and property for pre-CIRP offences where a resolution plan effects change of control while preserving individual liability and investigatory assistance. Articles Corporate Laws / IBC / SEBI Thu, 07 May 2020 09:03:54 +0530 https://www.taxtmi.com/article/detailed?id=9157