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..... ns and variations shall be construed accordingly,- (1) resolution applicant shall have the same meaning as assigned to it under the Insolvency and Bankruptcy Code, 2016; (2) special situation asset includes,- (a) stressed loan available for acquisition in terms of Clause 58 of Master Direction Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 as amended from time to time or as pa .....

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..... receipts have been issued by an Asset Reconstruction Company registered with the Reserve Bank of India; (iii) whose borrowings are subject to corporate insolvency resolution process under Chapter II of the Insolvency and Bankruptcy Code, 2016; (iv) who have disclosed all the defaults relating to the payment of interest/ repayment of principal amount on loans from banks / financial institutions/ S .....

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..... ith its investment objectives and may act as a resolution applicant under the Insolvency and Bankruptcy Code, 2016. ] ************ NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/68 dated 24-01-2022 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - T .....

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