Application for initiating pre-packaged insolvency resolution process may be made against the corporate debtor, who commits a default as laid down u/s 4 relating to default amount, classified as a micro, small or medium enterprise under section 7(1) of the Micro, Small and Medium Enterprises Development Act, 2006 • Conditions for initiating pre-packaged insolvency resolution process are: • it has not undergone pre-packaged insolvency resolution process or completed corporate insolvency resolution process, as the case may be, during the period of 3 years preceding the initiation date; • it is not undergoing a corporate insolvency resolution process; • no order requiring it to be liquidated is passed under section 33; • it is eligible to submit a resolution plan under section 29A • financial creditors of the corporate debtor, not being its related parties, representing not less than 66% in value of the financial debt due to such creditors, should proposed the name of the insolvency professional to be appointed as resolution professional for conducting the pre-packaged insolvency resolution process have approved such proposal in such form as may be specified
Which ministry signed a memorandum of agreement (MoA) with the Indian Council of Medical Research (ICMR) to enhance collaboration in health research in ...
The Mission Amrit Sarovar, launched on 24th April 2022, with the objective of conserving water for the future, is spearheaded by which ministry?
Recently RailTel has launched the PM-WANI scheme. What does N stand for?
An awareness campaign “Never Scan A QR Code to Receive Payments”was launched by which bank?
The Railway minister of India Ashwini Vaishnaw has announced theme based tourist circuit trains naming?
G20 Space Economy Leaders Meeting was held at _______ to open up the space sector for the Indian private industry through the 2020 Space Sector reforms.
Which of the following is the Mascot of Indian Railways?
Consider the following statement about “CITIIS 2.0 Challenge”.
1. Recently, Union Minister of Road Transport inaugurated CITIIS 2.0 Challen...
Which is the first Baltic country to recognize same-sex marriage?
As per the latest FIFA rankings, what position does India hold in the men’s rankings, and which country is at the top?