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DISCUSSION PAPER MONITORING COMMITTEE UNDER CIRP 19th November, 2024 1. ISSUE: The discussion paper deals with the following issues faced in implementation of resolution plans under the Insolvency and Bankruptcy Code, 2016 (Code). 1.1 The Hon\'ble Supreme Court in its judgment dated 7th November 2024 in the matter of State Bank of India & Ors v. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr emphasized the need for statutory recognition of monitoring committees and made...
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The discussion paper monitoring committee is a group responsible for overseeing and reviewing the discussions and recommendations made in a specific discussion paper, ensuring that the topics are thoroughly examined and that stakeholders' feedback is considered.
Typically, organizations, businesses, or individuals involved in the subject matter of the discussion paper are required to file with the discussion paper monitoring committee to provide their inputs, feedback, and compliance with the guidelines set forth.
To fill out the discussion paper monitoring committee, you should collect the required information, follow the prescribed format or template, provide detailed inputs relating to the discussion paper, and submit the document by the deadline established by the committee.
The purpose of the discussion paper monitoring committee is to ensure that a robust evaluation process is in place for the discussions captured in the paper, to facilitate stakeholder engagement, and to guide the development of policies or recommendations based on the findings.
The information that must be reported typically includes stakeholder comments, compliance status, any amendments suggested, summaries of discussions, and recommendations for future actions based on the insights gathered.
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