https://www.taxtmi.com/acts?id=39857 Financial creditors who are not related parties must be convened for approvals connected with initiation of the pre-packaged insolvency resolution process. Notice of the meeting must generally be served at least five days in advance, specify the meeting particulars, and enclose the creditor list and amounts due. Eligible financial creditors may propose insolvency professionals, and approvals for appointment terms and for filing the application must be taken in the prescribed format. If there is no financial debt or all financial creditors are related parties, the process shifts to operational creditors. en-us Mon, 12 Apr 2021 15:27:33 +0530 Mon, 08 Jun 2026 11:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39857 Financial creditors who are not related parties must be convened for approvals connected with initiation of the pre-packaged insolvency resolution process. Notice of the meeting must generally be served at least five days in advance, specify the meeting particulars, and enclose the creditor list and amounts due. Eligible financial creditors may propose insolvency professionals, and approvals for appointment terms and for filing the application must be taken in the prescribed format. If there is no financial debt or all financial creditors are related parties, the process shifts to operational creditors. Act-Rules IBC Mon, 12 Apr 2021 15:27:33 +0530 https://www.taxtmi.com/acts?id=39857