(1) A corporate insolvency resolution process carried out in accordance with
this Chapter shall be called as fast track corporate insolvency resolution
process.
(2) An application for fast track corporate insolvency resolution process may be made in respect of the following corporate debtors, namely:-
(a) a corporate debtor with assets and income below a level as may be notified by the Central Government; or
(b) a corporate debtor with such class of creditors or such amount of debt as may be notified by the Central Government; or
(c) such other category of corporate persons as may be notified by the Central Government.
Insolvency and Bankruptcy Code 2016
Section 51 Orders of Adjudicating Authority in respect of extorionate credit transactions
Section 52 Secured creditor in liquidation proceedings
Section 53 Distribution of assets
Section 54 Dissolution of corporate debtor
CHAPTER IV FAST TRACK CORPORATE INSOLVENCY RESOLUTION PROCESS
Section 55 Fast track corporation insolvency resolution process
Section 56 Time period for completion of fast track corporate insolvency resolution process
Section 57 Manner of initiating fast track corporate insolvency resolution process
Section 58 Applicability of Chapter II to this Chapter
CHAPTER V VOLUNTARY LIQUIDATION OF CORPORATE PERSONS
Section 59 Voluntary liquidation of corporate persons
CHAPTER VI ADJUDICATING AUTHORITY FOR CORPORATE PERSONS