MCA notifies persons who may file an application in Insolvency Resolution process

Mar 04, 2019 | by Avantis RegTech Legal Research Team

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The Ministry of Corporate Affairs (MCA) on February 27, 2019, has passed a Notification to notify following persons who may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority, on behalf of the financial creditor: -

1.A guardian;

2.An executor or administrator of an estate of a financial creditor;

3.A trustee (including a debenture trustee); and

4.A person duly authorised by the Board of Directors of a Company.

[Notification No.S.O.1091(E)]

Click here to download the Notification.


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