Fast track corporation insolvency resolution process [ Section 55 ]

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..... er i.e., with 90 (ninety) days from the insolvency commencement date. The provisions of the IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 shall apply to the conduct of a fast track corporate insolvency resolution process. The provisions related to the fast track insolvency resolution are being covered under sections 55 to 58 of the Code. .....

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..... esolution Process [ Notification S.O. 1911(E) date d14.06.2017 ] In exercise of the powers conferred by section 55(2) of the Insolvency and Bankruptcy Code, 2016 , the Central Government hereby notifies that an application for fast track corporate insolvency resolution process may be made in respect of the following corporate debtors, namely :- (a) a small company as defined und .....

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..... artup (other than the partnership firm) as defined in the notification of the Government of India in the Ministry of Commerce and Industry number G. S .R. 127(E), dated the 19th February, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 19th February, 2019 and as amended from time to time; or (c) an unlisted company with total assets , .....

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