Management of affairs of the corporate debtor during the pre-packaged insolvency resolution process [ Section 54H ]

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....affairs of the corporate debtor during the pre-packaged insolvency resolution process period,- * (a) the management of the affairs of the corporate debtor * shall continue to vest in the Board of Directors or the partners of the corporate debtor, subject to such conditions as may be specified; * (b) the Board of Directors or the partners, of the corporate debtor, * shall make every endeav....

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.... of the following actions without obtaining prior approval of the committee, namely:- (a) transaction above a threshold as decided by the committee; and (b) any other matter as decided by the committee and not covered under section 28. Monthly Reporting [ Regulation 50 (3) & (4) of IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 ] (3) The corporate debtor in consultation ....