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3. In section 5 of the principal Act,

(a) for clause (25), the following clause shall be substituted, namely:

'(25) "resolution applicant" means a person, who individually or jointly with any other person, submits a resolution plan to the resolution professional pursuant to the invitation made under clause (h) of sub-section (2) of section 25;';

(b) in clause (26), for the words "any person", the words "resolution applicant" shall be substituted.

Insolvency and Bankruptcy Code (Amendment) Act, 2017 Back

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