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Seeks to make amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016

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..... In pursuance of the provision of clause (3) of Article 348 of the Constitution, the Governor is pleased to order the publication of the following English translation of Government Notification no.- 426/XI-2-9(47)/17-U.P. Act -2017-Order-(104)-2020, dated 30 April, 2020: NOTIFICATION No.- 426/XI-2-9(47)/17-U.P. Act -1-2017-Order-(104)-2020 Lucknow : Dated: 30 Apr .....

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..... ate insolvency resolution process, as mentioned below. 2. Registration .- The said class of persons shall, with effect from the date of appointment of IRP / RP, be treated as a distinct person of the corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration)in each of the States or Union territories where the cor .....

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..... or services or both, received since his appointment as IRP/RP but bearing the GSTIN of the erstwhile registered person, subject to the conditions of Chapter V of the said Act and the rules made thereunder, except the provisions of sub-section (4) of section 16 of the said Act and sub-rule (4) of rule 36 of the Uttar Pradesh Goods and Service Tax Rules, 2017 (hereinafter referred to as the said ru .....

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..... registration. Explanation.- For the purposes of this notification, the terms corporate debtor , corporate insolvency resolution professional , interim resolution professional and resolution professional shall have the same meaning as assigned to them in the Insolvency and Bankruptcy Code, 2016 (Act no. 31 of 2016). By Order, (Alok Sinha) Apar Mukhya .....

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