Repayment plan approval follows creditor or professional reports and may include implementation directions or reconvening for modification. The Adjudicating Authority shall approve or reject a repayment plan on the basis of the resolution professional's report of the creditors' meeting under section 112, or, where no meeting is summoned, on the report prepared under section 106; approval may include directions for implementing the plan, and the Authority may direct the resolution professional to reconvene creditors if the plan requires modification.
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.
Repayment plan approval follows creditor or professional reports and may include implementation directions or reconvening for modification.
The Adjudicating Authority shall approve or reject a repayment plan on the basis of the resolution professional's report of the creditors' meeting under section 112, or, where no meeting is summoned, on the report prepared under section 106; approval may include directions for implementing the plan, and the Authority may direct the resolution professional to reconvene creditors if the plan requires modification.
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