Compromise or arrangement

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....ed that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall not be a party in any manner to such compromise or arrangement.] 5[Provided further that the liquidator shall file the proposal of compromise or arrangement only in cases where such recommendation has been made by the committee under regulation 39BA of the Inso....

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....230.] ********* Notes 1. Inserted vide NOTIFICATION No. IBBI/2019-20/GN/REG047 dated 25-07-2019 2. Inserted vide Notification No. IBBI/2019-20/GN/REG053 dated 06-01-2020 3. Omitted vide Notification No. IBBI/2021-22/GN/REG079 dated 30-09-2021 before it was read as "sub-sections (1) and (4) of" 4. Inserted vide Notification No. IBBI/2022-23/GN/REG094 dated 16-09-2022 5. Substituted....