9911796707
TMI BlogTermination of pre-packaged insolvency resolution process [ section 54N ]X X X X Extracts X X X X X X X X Extracts X X X X ..... h the Adjudicating Authority, - (a) under the proviso to section 54K(12) ; or (b) under sub- section (3) of section 54D , the Adjudicating Authority shall, within thirty days of the date of such application, by an order, - (i) terminate the pre-packaged insolvency resolution process; and (ii) provide for the manner of continuation of proceedings initi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resolution process, the Adjudicating Authority shall pass an order under sub- section (1). [ Section 54N(2) ] Insolvency Process cost Where the Adjudicating Authority passes an order under sub- section (1), the corporate debtor shall bear the pre-packaged insolvency resolution process costs, if any. [ Section 54N(3) ] Exception of this Section Notwith ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeal against a liquidation order passed under section 33 , or sub- section (4) of section 54L , or sub- section (4) of section 54N , may be filed on grounds of material irregularity or fraud committed in relation to such a liquidation order. [ Section 61(4) ] - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentar ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
