REGULATIONS
2.12. Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.
Chapter I. PRELIMINARY
Chapter II.GENERAL
Chapter III.PUBLIC ANNOUNCEMENT
Chapter IV.PROOF OF CLAIMS
- Claims by operational creditors.
- Claims by financial creditors.
- Claims by workmen and employees.
- Substantiation of claims.
- Cost of proof proving the debt.
- Submission of proof of claims.
- Verification of claims.
- Determination of amount of claim.
- Debt in foreign currency.
Chapter V.COMMITTEE OF CREDITORS
Chapter VI.MEETINGS OF THE COMMITTEE
- Meetings of the committee.
- Notice for meetings of the committee.
- Service of notice by electronic means.
- Contents of the notice for meeting.
- Quorum at the meeting.
- Participation through video conferencing.
- Conduct of meeting.
Chapter VII.VOTING BY THE COMMITTEE
Chapter VIII.CONDUCT OF THE FAST TRACK PROCESS
- Appointment of registered valuer.
- Transfer of debt due to creditors.
- Sale of assets outside the ordinary course of business.
- Assistance of local district administration.
Chapter IX.FAST TRACK PROCESS COSTS
- Fast track process costs.
- Essential supplies.
- Costs of the interim resolution professional.
- Resolution professional costs.
Chapter X.RESOLUTION PLAN