Persons who may initiate corporate insolvency resolution process [ Section 6]
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.... default, * a financial creditor, * an operational creditor or * the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor in the manner as provided under this Chapter. Provisions and procedures relating to each initiator are different. * Accordingly, the application may be made by:- * Financial Creditors, Any person to whom ....
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....tment of Resolution Professional * Taking control and managing the operations of the corporate debtor by the resolution professional * Appointment of Registered Valuers * Preparation of Information memorandum & Invitation for Expression of Interest * Submission of Expression of Interest by prospective resolution applicants * Preparation of provisional and final list of resolution applica....




TaxTMI
TaxTMI