Resolution plan restructuring may include mergers, amalgamations and demergers to clarify permissible corporate restructuring mechanisms under the Code. An Explanation is inserted into clause (26) of section 5 clarifying that a resolution plan may include provisions for the restructuring of the corporate debtor, including by way of merger, amalgamation and demerger.
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Provisions expressly mentioned in the judgment/order text.
Resolution plan restructuring may include mergers, amalgamations and demergers to clarify permissible corporate restructuring mechanisms under the Code.
An Explanation is inserted into clause (26) of section 5 clarifying that a resolution plan may include provisions for the restructuring of the corporate debtor, including by way of merger, amalgamation and demerger.
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