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Section 116 - Insolvency and Bankruptcy Code Act, 2016
116. Implementation and supervision of repayment plan.-
(1) The resolution professional appointed under section 97 or under section 98 shall supervise the implementation of the repayment plan.
(2) The resolution professional may apply to the Adjudicating Authority for directions, if necessary, in relation to any particular matter arising under the repayment plan.
(3) The Adjudicating Authority may issue directions to the resolution professional on the basis of an application under sub-section (2).
Related Sections
- Section 102: Public notice and claims from creditors
- Section 95: Application by creditor to initiate insolvency resolution process
- Section 157: Acquisition of control by bankruptcy trustee
- Section 184: Punishment for false information, etc., by creditor in insolvency resolution process
- Section 62: Appeal to Supreme Court
Related Acts
* Only for reference.