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Invitation for resolution plans

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Full Text of the Document

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....han twenty-one days from the pre-packaged insolvency commencement date. (2) The resolution professional shall publish Form P11- (a) on the website, if any, of the corporate debtor; (b) on the website, if any, designated by the Board for the purpose; and (c) in any other manner as may be decided by the committee. (3) The Form P11 shall - (a) state where the invitation for resolution plans....

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.... The resolution professional shall require the resolution applicant, in case its resolution plan is approved under subsection (13) of section 54K, to provide a performance security within the time specified therein and such performance security shall stand forfeited if the resolution applicant of such plan, after its approval by the Adjudicating Authority, fails to implement or contributes to the ....