Section 57. Manner of initiating fast track corporate insolvency resolution process

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Act: Insolvency and Bankruptcy Code Act, 2016
Section number: 57

Section reader

57. Manner of initiating fast track corporate insolvency resolution process.-

An application for fast track corporate insolvency resolution process may be filed by a creditor or corporate debtor as the case may be, along with-

(a) the proof of the existence of default as evidenced by records available with an information utility or such other means as may be specified by the Board; and

(b) such other information as may be specified by the Board to establish that the corporate debtor is eligible for fast track corporate insolvency resolution process.