Termination of pre-packaged insolvency resolution process

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Full Text of the Document

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....der sub-section (3) of section 54D, the Adjudicating Authority shall, within thirty days of the date of such application, by an order, - (i) terminate the pre-packaged insolvency resolution process; and (ii) provide for the manner of continuation of proceedings initiated for avoidance of transactions under Chapter III or proceedings initiated under section 66 and section 67A, if any. (2) Whe....