Pre-packaged insolvency time-limit requires plan submission within prescribed period and completion within the statutory timeframe. The pre-packaged insolvency resolution process must be completed within one hundred and twenty days from commencement; the resolution professional must obtain committee approval and submit the approved resolution plan to the Adjudicating Authority within a shorter prescribed period, and if no plan is approved within that submission period the resolution professional must file, immediately after expiry, an application for termination of the process in the specified form and manner.