Resolution plan requirements: prioritise fast track costs and liquidation value payments while detailing implementation and applicant disclosures.

Resolution plans must identify specific funding sources and provide prioritized payments: fast track process costs first; liquidation value of operational creditors prioritized over financial creditors and paid within thirty days of plan approval; and liquidation value of dissenting financial creditors paid before recoveries by financial creditors who voted for the plan. Plans must include a stakeholder-interest statement, term and implementation schedule, management and control arrangements, supervision mechanisms, and detailed disclosures about the resolution applicant and connected persons including identity, convictions, pending proceedings, disqualification, willful defaulter identification, securities-market debarment, and recent transactions.

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