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    <title>FAILURE TO FILE REPORT BY RESOLTUION PROFESSIONAL UNDER SECTION 99 OF THE CODE</title>
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    <description>The Resolution Professional must examine applications under Sections 94/95 within ten days of appointment, may request further information (to be furnished within seven days), and must submit a report under Section 99 recommending acceptance or rejection; the Adjudicating Authority then has fourteen days from that report to admit or reject the application. Applicants must serve a copy of their petition on the RP to enable the RP&#039;s examination and report; failure to serve the RP can prevent timely reporting, extend the interim moratorium unduly, and may justify procedural dismissal under the Adjudicating Authority&#039;s powers.</description>
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    <pubDate>Tue, 06 Jan 2026 20:47:41 +0530</pubDate>
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      <description>The Resolution Professional must examine applications under Sections 94/95 within ten days of appointment, may request further information (to be furnished within seven days), and must submit a report under Section 99 recommending acceptance or rejection; the Adjudicating Authority then has fourteen days from that report to admit or reject the application. Applicants must serve a copy of their petition on the RP to enable the RP&#039;s examination and report; failure to serve the RP can prevent timely reporting, extend the interim moratorium unduly, and may justify procedural dismissal under the Adjudicating Authority&#039;s powers.</description>
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