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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>Resolution plans must prioritize operational creditors, disclose avoidance claims, and include beneficial ownership and implementation schedules.</h1> Resolution plans must specify payment priority and schedule, giving operational creditors priority and dissenting financial creditors priority over consenting financial creditors, and provide sources and implementation timelines. Plans must state how stakeholder interests are addressed, disclose prior failures by applicants to implement approved plans, set out term, management and control, demonstrate feasibility, and include provisions for supervising implementation. Plans must address avoidance transactions and fraudulent or wrongful trading, restrict assignment of undisclosed avoidance claims, include beneficial ownership statements and an affidavit on eligibility, and enable a monitoring committee with quarterly reporting.