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Insolvency Resolution Process: Applicants must deposit Rs. 2,00,000 to cover initial expenses, preventing personal financial burden on IRP.

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....Corporate Insolvency Resolution Process - to discourage IRP from spending the initial expenses from his or her own pocket, it is fair and just to direct the Applicant/Operational Creditor to deposit ₹ 2,00,000/- (Two lakhs) for the initial expenses to be spent by the IRP.....

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