IBC 57 — Manner of initiating fast track corporate insolvency resolution process

Insolvency & Bankruptcy Code, 2016

Statutory text

An application for fast  track  corporate  insolvency  resolution  process  may  be  filed  by  a  creditor  or  corporate  debtor  as  the case may be, along with—
(a)  the  proof  of  the  existence  of  default  as  evidenced  by  records  available  with  an  information utility or such other means as may be specified by the Board; and (b) such other information as may be specified by the Board to establish that the corporate debtor is eligible for fast track corporate insolvency resolution process.

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