https://www.taxtmi.com/news?id=52362 The Bill inserts a new creditor-initiated insolvency resolution process enabling specified financial creditors to commence an out-of-court insolvency process by appointing a resolution professional subject to pre-approval and notice requirements, public announcement, statutory timelines and conversion rules; it strengthens committee of creditors' supervisory powers over liquidation, provides for time bound admission and adjudication obligations, revises look back periods for avoidance transactions, enables transfer of guarantor assets with creditor and committee approvals, and creates a regulated service provider framework with disciplinary mechanisms and enhanced penalties. en-us Wed, 13 Aug 2025 10:28:15 +0530 Wed, 11 Feb 2026 16:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52362 The Bill inserts a new creditor-initiated insolvency resolution process enabling specified financial creditors to commence an out-of-court insolvency process by appointing a resolution professional subject to pre-approval and notice requirements, public announcement, statutory timelines and conversion rules; it strengthens committee of creditors' supervisory powers over liquidation, provides for time bound admission and adjudication obligations, revises look back periods for avoidance transactions, enables transfer of guarantor assets with creditor and committee approvals, and creates a regulated service provider framework with disciplinary mechanisms and enhanced penalties. News - Wed, 13 Aug 2025 10:28:15 +0530 https://www.taxtmi.com/news?id=52362