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    <title>Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016</title>
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    <description>Amendments require operational creditors to submit GST return extracts and e way bills with section 9 applications and claims; creditors filing section 7 or 9 must supply PAN and email. The corporate debtor, its promoters and management must provide information as requested by the resolution professional, while creditors must share asset, liability and financial data and audit extracts to assist the information memorandum and avoidance applications. Resolution plans must specify how post CIRP avoidance proceedings will be pursued and proceeds distributed; the regulations define significant valuation differences and allow a creditors&#039; committee to seek a third valuer.</description>
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    <pubDate>Thu, 16 Jun 2022 11:22:27 +0530</pubDate>
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      <description>Amendments require operational creditors to submit GST return extracts and e way bills with section 9 applications and claims; creditors filing section 7 or 9 must supply PAN and email. The corporate debtor, its promoters and management must provide information as requested by the resolution professional, while creditors must share asset, liability and financial data and audit extracts to assist the information memorandum and avoidance applications. Resolution plans must specify how post CIRP avoidance proceedings will be pursued and proceeds distributed; the regulations define significant valuation differences and allow a creditors&#039; committee to seek a third valuer.</description>
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