https://www.taxtmi.com/article/detailed?id=16200 The amendments confine withdrawal of a corporate insolvency resolution process application to the permissible stage before constitution of the Committee of Creditors and before the first invitation for resolution plans, and require the Adjudicating Authority to decide the withdrawal application within 30 days or record reasons for delay. The moratorium is clarified to extend to surety proceedings under a contract of guarantee, while the appointment and duties of the Interim Resolution Professional and Resolution Professional are refined through provisions on recommendation, claim verification, co-operation, and filing of avoidance-related applications. The amendments also expand Committee of Creditors involvement in liquidation and regulate transfer of guarantor assets with prior creditor approval. en-us Tue, 14 Apr 2026 08:04:26 +0530 Tue, 14 Apr 2026 08:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16200 The amendments confine withdrawal of a corporate insolvency resolution process application to the permissible stage before constitution of the Committee of Creditors and before the first invitation for resolution plans, and require the Adjudicating Authority to decide the withdrawal application within 30 days or record reasons for delay. The moratorium is clarified to extend to surety proceedings under a contract of guarantee, while the appointment and duties of the Interim Resolution Professional and Resolution Professional are refined through provisions on recommendation, claim verification, co-operation, and filing of avoidance-related applications. The amendments also expand Committee of Creditors involvement in liquidation and regulate transfer of guarantor assets with prior creditor approval. Articles Corporate Laws / IBC / SEBI Tue, 14 Apr 2026 08:04:26 +0530 https://www.taxtmi.com/article/detailed?id=16200