Information Brochure for Pre-Packaged Insolvency Resolution Process

The PPIRP is required to be completed within a period of 120 days from its commencement date. The RP shall either file the resolution plan for approval or an application for termination of PPIRP, with the AA within 90 days from the PPIRP commencement date. A model timeline along-with the activities to be undertaken and responsibilities of Resolution Professionals, creditors and corporate debtor is provided in the brochure.

BSE Guidance note for companies undergoing Corporate Insolvency Resolution Process

CIRP Resolution Professional shall inform through the Exchange platform any impact on the existing holders / investors of listed securities on areas such as status of listing, the value of holding of existing holders, write off/ cancellation/ extinguishment of existing equity shares/ preference shares/ debentures, etc. without any payment to such holders, where applicable.

NFRA extends the last date for submission of public comments to 30th July, 2021 on Consultation Paper on Enhancing Engagement with Stakeholders.

National Financial Reporting Authority (NFRA) has set up a Technical Advisory Committee (TAC) to, inter alia, provide NFRA with inputs from the perspective of various key stakeholders. The TAC has undertaken a consultative exercise to review NFRA’s engagement with its stakeholders, and has, in its report of March, 2021, recommended ways to enhance the same.