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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Approval of resolution plan binds the debtor and stakeholders and ends the moratorium, subject to required statutory clearances.</h1> The Adjudicating Authority shall approve a resolution plan that meets statutory requirements and includes provisions for effective implementation; the approved plan is binding on the corporate debtor, its employees, members, creditors (including authorities owed statutory dues), guarantors and other stakeholders. If not compliant, the Authority may reject the plan. After approval the moratorium ceases and the resolution professional must forward records and the plan to the Board, and the resolution applicant must obtain required statutory approvals within one year or as provided by law, including prior competition clearance where a combination is involved.

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