Resolution plan approval binds stakeholders, ends moratorium, and extinguishes pre-approval claims against the corporate debtor. Approval of a resolution plan requires satisfaction that it meets the statutory requirements and, once approved, it binds the corporate debtor, creditors, guarantors, statutory authorities, and other stakeholders. The Adjudicating Authority may reject a non-conforming plan, may allow rectification of defects, and must pass an order within the prescribed time. After approval, the moratorium ceases, approvals under other laws must be obtained within the stipulated period, and pre-approval claims against the corporate debtor are extinguished except where otherwise provided.