IBBI PPIRP Regulations, 2021

Regulations 51. Vesting of the management with resolution professional.— For the purposes of sub-section (1) of section 54J, the resolution professional shall make an application in Form P14.

Regulations 50. Management during the process.— (1) The corporate debtor shall not manage the affairs of the corporate debtor in a manner prejudicial to the creditors ofthe corporate debtor or…

Regulations 49. Application to Adjudicating Authority.— (1) Where a resolution plan is approved by the committee, the resolution professional shall submit an application, along with a compliance certificate in Form…

Regulations 48. Approval of resolution plan.— (1) The resolution plan selected under regulation 47 shall be considered by the committee for approval, if it is significantly better than the base…

Regulations 47. Evaluation of resolution plans.— (1) The resolution plans received under regulation 46, which comply with the requirements of the Code and these Regulations, shall be evaluated on the…

Regulations 46. Submission of resolution plans.— (1) A resolution applicant may submit resolution plan or plans prepared in accordance with the Code and these Regulations to the resolution professional through…

Regulations 45. Mandatory contents of resolution plan.— (1) A resolution plan shall include-(a) an affidavit that resolution applicant is eligible to submit a resolution plan for resolution of the corporate…

Regulations 44. Resolution plan.— A resolution plan shall provide for the measures, as may be necessary, for maximisation of value of its assets, including the following:-(a) transfer of all or…

Regulations 43. Invitation for resolution plans.— (1) For the purposes of sub-section (5) of section 54K, the resolution professional shall publish brief particulars of the invitation for resolution plans in…

Regulations 42. Scoring and improvement of resolution plans.— For the purposes of consideration of resolution plans,- (i) "basis for evaluation", includes the parameters to be applied and the manner of…