Insertion of new Chapter VA.

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....g proceedings for coordination and cooperation of corporate debtors of group. 59A. (1) Notwithstanding anything to the contrary contained in this Code, the Central Government may, prescribe the manner and conditions for conducting insolvency proceedings under Part II, where these proceedings are initiated against two or more corporate debtors that form part of a group. (2) Withou....

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....rporate debtors that form part of a group; (d) formation of a committee comprising of the committee of creditors of the corporate debtors that form part of a group; (e) making of an agreement that provides measures to coordinate and synchronise different aspects of the insolvency proceedings of the corporate debtors that form part of a group, which shall be binding on the corpora....

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....ate person or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of their shareholding, management rights, ownership interest, shareholders agreements, voting agreements, articles of association, limited liability partnership agreements or in any other manner; (b) "group" means two....