Initiation of creditor-initiated insolvency resolution process

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....ct of which a default is committed by a corporate debtor, may initiate the creditor-initiated insolvency resolution process for such corporate debtor by appointing a resolution professional in accordance with the provisions of this section, and subject to such conditions, as may be prescribed. (2) The financial creditor seeking to initiate the creditor-initiated insolvency resolution process sh....

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....he financial creditors of the corporate debtor belonging to such class as notified under sub-section (1), who represent not less than fifty-one per cent. in value of the debt due to such financial creditors, within a period of thirty days from the date of receipt of the representation, in such manner as may be specified: Provided that where no approval is obtained under clause (c) within ....

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....olvency professional as the resolution professional, if no disciplinary proceedings are pending against him, immediately after fulfilling all the requirements under sub-section (2). (4) Where the resolution professional is appointed under sub-section (3), he shall-- (a) make a public announcement of the initiation of the creditor-initiated insolvency resolution process; and (b....