Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
Q- What are the procedures allowed under the insolvency law?
Q- Are there any restrictions on travel imposed on the defaulter (while availing of this law)?
Q- What is the settlement procedure?
Q- What to write in the request?
Q- Other additional information?
Q- Does the insolvency law stipulate any criminal penalties?
Q- How the court fees are paid?
Q- What to expect from the expert?
Q- How the proceedings go at the court?
Q- Is the court's decision final?
Q- Can the plan go beyond three years?
The settlement plan should not exceed three years. The expert oversees its implementation and keeps the court updated every three months. It can go beyond three years with the approval of the creditors.
Q- Other advantages of the settlement procedure?
The indebted has a three-year time range to settle his dues. In the same time, he still has the power to dispose of his assets and bank accounts as no seizure or execution order is issued by a court against him. His name won't be listed as insolvent.
Q- What are the legal effects of the insolvency declaration?
Q- Who files for the insolvency procedures?
Q- Is there any minimum amount for the loan in insolvency cases?
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
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