9911796707
TMI BlogVesting management of corporate debtor with resolution professional [ Section 54J ]X X X X Extracts X X X X X X X X Extracts X X X X ..... rocess) Regulations, 2021 ] Make a application [ Section 54J(1) ] Where the committee of creditors, at any time during the pre-packaged insolvency resolution process period resolves to vest the management of the corporate debtor with the resolution professional , by a vote of not less than 66% of the voting shares, the resolution professional shall make an applicat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isions of shall, mutatis mutandis apply, to the proceedings under this Chapter, from the date of the order under section 54J(2), until the pre-packaged insolvency resolution process period comes to an end. (a) sub-sections (2) and (2A) of section 14 ; (b) section 17 ; (c) clauses (e) to (g) of section 18 ; (d) sections 19 and 20 ; (e) sub-section (1) of sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , by notification, make regulations consistent with this Code and the rules made thereunder, to carry out the provisions of this Code. [ Sub-section (1) ] In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, Clause (zko) the form and manner of making application under sub-section (1) of ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
