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          <h1>Corporate Insolvency Resolution: Comprehensive Plan Submission, Evaluation, and Approval Process Under Specified Guidelines</h1> The regulation outlines the process for submitting and approving resolution plans in corporate insolvency proceedings. It details requirements for prospective resolution applicants, including submission of affidavits and undertakings. The committee evaluates resolution plans, votes simultaneously, and selects the plan with the highest votes meeting requisite criteria. The resolution professional submits the approved plan to the Adjudicating Authority, ensuring compliance with legal provisions and timelines for corporate insolvency resolution.

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