TaxTMI 
TaxTMI 
Information memorandum
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....eks of his appointment as resolution professional; and (b) each prospective resolution applicant latest by the date of invitation of resolution plan under clause (h) of sub-section (2) of section 25 of the Code.] (2) The information memorandum shall contain the following details of the corporate debtor- 3[(a) assets and liabilities with such description, as on the insolvency commencement date....
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....porate debtor with respect to related parties; (f) details of guarantees that have been given in relation to the debts of the corporate debtor by other persons, specifying which of the guarantors is a related party; (g) the names and addresses of the members or partners holding at least one per cent stake in the corporate debtor along with the size of stake; (h) details of all material litig....
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.... member or resolution applicant shall maintain confidentiality of the information and shall not use such information to cause an undue gain or undue loss to itself or any other person and comply with the requirements under sub-section (2) of section 29.] ******************** Notes:- 1. Omitted vide Notification No. IBBI/2017-18/GN/REG23 Dated 31-12-2017, before it was read as, "(j) the li....
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....a) assets and liabilities, as on the fast track commencement date, classified into appropriate categories for easy identification, with estimated values assigned to each category;" 4. Substituted vide Notification No. IBBI/2017-18/GN/REG/025 - Dated 07-02-2018, before it was read as, "(4) The interim resolution professional or the resolution professional, as the case may be, shall share....