Regulation 2B details the process for compromise or arrangement during corporate liquidation, setting 90-day completion and 30-day filing deadlines. It excludes ineligible parties.
Understand liquidator fees under IBC Sections 34(8), 34(9), and Regulation 4, including CoC determination, default fee slabs, and IBBI clarifications on realization and distribution.
Section 34 of IBC governs liquidator appointment, consent requirements, transfer of management powers, personnel cooperation, and conditions for liquidator replacement and fee structure.
Understand Section 33 of IBC, detailing when and how corporate debtor liquidation is initiated, role of NCLT and CoC, legal implications and employee status.
Section 44 of the IBC outlines NCLT’s powers to reverse preferential transactions, restore assets, and protect good-faith third parties in insolvency proceedings.
Understand the Insolvency and Bankruptcy Code’s provisions for minimum payments to operational and dissenting financial creditors, including key amendments and the ongoing Supreme Court deliberation on secured creditor entitlements.
Understand Section 43 of the IBC, covering preferential transactions, antecedent debt, look-back periods for related and unrelated parties, and exclusions.
Section 31 of IBC governs resolution plan approval by NCLT, making it binding on all stakeholders. It covers viability checks, moratorium cessation, record submission, and post-approval compliance.
Section 32A of IBC grants immunity to corporate debtors post-resolution but retains liability for prior management and mandates cooperation in investigations.
Understand the Companies Act’s provisions for business commencement in India, including Form INC-20A filing, deadlines, penalties, and exemptions.
