Section 119 – The Insolvency and Bankruptcy Code, 2016
Discharge order (1) On the basis of the repayment plan, the resolution professional shall apply to the Adjudicating Authority for a discharge order in relation to the debt s mentioned in the repayment plan and the Adjudicating Authority may pass such discharge order. (2) The repayment plan may provide for – (a) early discharge; or (b) discharge on complete implementation of the repayment plan. (3) The discharge order shall be forwarded to […]
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