https://www.taxtmi.com/article/detailed?id=13778 The Regulations mandate a Statement of Affairs with specified disclosures when a Section 7 application is filed by a financial institution, require the Resolution Professional to prepare an Assessment Report on operational expenses and leased properties within 30 days for CoC review and quarterly monitoring, and strengthen Information Memorandum disclosure including identified avoidance transactions and updates. All received resolution plans, including non compliant ones with detailed non compliance reports, must be presented to the CoC; concurrent invitations for whole entity or asset wise plans are permitted; post AA approval modifications are prohibited; phased implementation approval and coordinated conduct for interconnected entities are authorised. en-us Wed, 12 Mar 2025 09:23:04 +0530 Wed, 11 Feb 2026 16:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13778 The Regulations mandate a Statement of Affairs with specified disclosures when a Section 7 application is filed by a financial institution, require the Resolution Professional to prepare an Assessment Report on operational expenses and leased properties within 30 days for CoC review and quarterly monitoring, and strengthen Information Memorandum disclosure including identified avoidance transactions and updates. All received resolution plans, including non compliant ones with detailed non compliance reports, must be presented to the CoC; concurrent invitations for whole entity or asset wise plans are permitted; post AA approval modifications are prohibited; phased implementation approval and coordinated conduct for interconnected entities are authorised. Articles Corporate Laws / IBC / SEBI Wed, 12 Mar 2025 09:23:04 +0530 https://www.taxtmi.com/article/detailed?id=13778