Fast track corporation insolvency resolution process [ Section 55 ]

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....the insolvency commencement date. The provisions of the IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 shall apply to the conduct of a fast track corporate insolvency resolution process. The provisions related to the fast track insolvency resolution are being covered under sections 55 to 58 of the Code. Fast track corporation insolvency resolution process ....

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....e powers conferred by section 55(2) of the Insolvency and Bankruptcy Code, 2016, the Central Government hereby notifies that an application for fast track corporate insolvency resolution process may be made in respect of the following corporate debtors, namely :- * (a) a small company as defined under Section 2(85) of Companies Act, 2013 ; means a company, other than a public company,- * (i) p....

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.... 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 19th February, 2019 and as amended from time to time; or * (c) an unlisted company with total assets, as reported in the financial statement of the immediately preceding financial year, not exceeding 1 core rupees. Relevant Case Laws * Sanjay Kumar Ruia Vs. Catholic Syrian Bank Ltd. & Anr.....