https://www.taxtmi.com/acts?id=53977 Section 5 is amended to define avoidance transaction by reference to sections 43, 45, 49 and 50, and fraudulent or wrongful trading by reference to section 66. The insolvency commencement date is linked to the first pending application where multiple initiation applications exist on the commencement date. The definition of resolution plan is expanded to include sale of one or more assets through one or more plans, and financial debt is extended to amounts owed to eligible voting members of the committee of creditors. en-us Tue, 07 Apr 2026 12:43:50 +0530 Tue, 07 Apr 2026 12:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53977 Section 5 is amended to define avoidance transaction by reference to sections 43, 45, 49 and 50, and fraudulent or wrongful trading by reference to section 66. The insolvency commencement date is linked to the first pending application where multiple initiation applications exist on the commencement date. The definition of resolution plan is expanded to include sale of one or more assets through one or more plans, and financial debt is extended to amounts owed to eligible voting members of the committee of creditors. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 12:43:50 +0530 https://www.taxtmi.com/acts?id=53977