https://www.taxtmi.com/acts?id=54027 Amends section 106 of the Insolvency and Bankruptcy Code to require the resolution professional to report non-submission of a repayment plan, after which the Adjudicating Authority terminates the insolvency resolution process and bankruptcy may be applied for under Chapter IV. It also requires a written notice convening the creditors' meeting where the repayment plan concerns a personal guarantor to a corporate debtor, and extends the interpretive reference in sub-section (4) to that new procedure. en-us Tue, 07 Apr 2026 13:20:27 +0530 Tue, 07 Apr 2026 13:20:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54027 Amends section 106 of the Insolvency and Bankruptcy Code to require the resolution professional to report non-submission of a repayment plan, after which the Adjudicating Authority terminates the insolvency resolution process and bankruptcy may be applied for under Chapter IV. It also requires a written notice convening the creditors' meeting where the repayment plan concerns a personal guarantor to a corporate debtor, and extends the interpretive reference in sub-section (4) to that new procedure. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 13:20:27 +0530 https://www.taxtmi.com/acts?id=54027