Lawgist84Admission or rejection of application by Adjudicating Authority
(1) The Adjudicating Authority may within fourteen days from the date of submission of the report by the resolution professional, pass an order either admitting or rejecting the application made under sub-section (1) of section 81.
(2) The order passed under sub-section (1) accepting the application shall state the amount which has been accepted as qualifying debts by the resolution professional and other amounts eligible for discharge under section 92 for the purposes of the fresh start order.
(3) A copy of the order passed by the Adjudicating Authority under sub-section (1) along with a copy of the application shall be provided to the creditors mentioned in the application within seven days of the passing of the order.
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- 80 Eligibility for making an application
- 81 Application for fresh start order
- 82 Appointment of resolution professional
- 83 Examination of application by resolution professional
- 84 Admission or rejection of application by Adjudicating Authority
- 85 Effect of admission of application
- 86 Objections by creditor and their examination by resolution professional
- 87 Application against decision of resolution professional
- 88 General duties of debtor
- 89 Replacement of resolution professional
- 90 Directions for compliances of restrictions, etc
- 91 Revocation of order admitting application
- 92 Discharge order
- 93 Standard of conduct
