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Section 116 : Implementation and supervision of repayment plan

(1) The resolution professional appointed under section 97 or under section 98 shall supervise the implementation of the repayment plan.

(2) The resolution professional may apply to the Adjudicating Authority for directions, if necessary, in relation to any particular matter arising under the repayment plan.

(3) The Adjudicating Authority may issue directions to the resolution professional on the basis of an application under sub-section (2).

 

Insolvency and Bankruptcy Code 2016

Section 111 Approval of repayment plan by creditors

Section 112 Report of meeting of creditors on repayment plan

Section 113 Notice of decisions taken at meeting of creditors

Section 114 Order of Adjudicating Authority on repayment plan

Section 115 Effect of order of Adjudicating Authority on repayment plan

Section 116 Implementation and supervision of repayment plan

Section 117 Completion of repayment plan

Section 118 Repayment plan coming to end prematurely

Section 119 Discharge order

Section 120 Standard of conduct

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