https://www.taxtmi.com/acts?id=39838 The committee of creditors may, after the pre-pack commencement date but before approval of the pre-pack plan, by the required supermajority vote, resolve to initiate a corporate insolvency resolution process for an eligible corporate debtor. On intimation, the Adjudicating Authority must within thirty days terminate the pre-pack, initiate CIRP, appoint the nominated resolution professional as interim resolution professional subject to consent (or seek the Board's recommendation if consent is not given), include pre-pack costs as insolvency resolution process costs, treat its order as an admission, continue avoidance proceedings, and treat the pre-pack commencement date as the insolvency commencement date for relevant purposes. en-us Wed, 07 Apr 2021 11:38:10 +0530 Fri, 13 Aug 2021 14:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39838 The committee of creditors may, after the pre-pack commencement date but before approval of the pre-pack plan, by the required supermajority vote, resolve to initiate a corporate insolvency resolution process for an eligible corporate debtor. On intimation, the Adjudicating Authority must within thirty days terminate the pre-pack, initiate CIRP, appoint the nominated resolution professional as interim resolution professional subject to consent (or seek the Board's recommendation if consent is not given), include pre-pack costs as insolvency resolution process costs, treat its order as an admission, continue avoidance proceedings, and treat the pre-pack commencement date as the insolvency commencement date for relevant purposes. Act-Rules IBC Wed, 07 Apr 2021 11:38:10 +0530 https://www.taxtmi.com/acts?id=39838