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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 117: Completion of repayment plan
- Section 7: Initiation of corporate insolvency resolution process by financial creditor
- Section 68: Punishment for concealment of property
- Section 125: Appointment of insolvency professional as bankruptcy trustee
- Section 133: Summoning of meeting of creditors
Related Acts
* Only for reference.