Resolution plan submission under insolvency law requires creditor priority, viability review, and committee approval before authority submission.

Resolution applicants may submit a resolution plan with an affidavit of eligibility under section 29A, and the resolution professional must verify priority payment of insolvency resolution costs, adequate treatment of operational creditors and dissenting financial creditors, post-approval management, implementation and supervision arrangements, legal compliance, and other Board-specified requirements. Only compliant plans go to the committee of creditors, which may approve a plan by at least sixty-six per cent of voting share after considering feasibility, viability, distribution, and creditor priority. The applicant may attend the meeting but cannot vote unless also a financial creditor, and the approved plan is submitted to the Adjudicating Authority.

---

---

---