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Section 105: Repayment plan.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

(1) The debtor shall prepare, in consultation with the resolution professional, a repayment plan containing a proposal to the creditors for restructuring of his debts or affairs.

(2) The repayment plan may authorise or require the resolution professional to—

(a) carry on the debtor's business or trade on his behalf or in his name; or

(b) realise the assets of the debtor; or

(c) administer or dispose of any funds of the debtor.

(3) The repayment plan shall include the following, namely:—

(a) justification for preparation of such repayment plan and reasons on the basis of which the creditors may agree upon the plan;

(b) provision for payment of fee to the resolution professional;

(c) such other matters as may be specified

Where this provision sits

ActThe Insolvency and Bankruptcy Code, 2016.
Section105
Marginal noteRepayment plan.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it3

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