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          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.

          <h1>Approval of resolution plan requires statutory fitness and assured implementation, otherwise rejection and termination with liquidation follow.</h1> The Adjudicating Authority must approve a committee approved pre pack resolution plan within thirty days if it satisfies statutory plan requirements and provides for effective implementation; an approval carries the statutory effects of a confirmed plan, whereas non conforming plans may be rejected within the same period. If an approved plan fails to transfer management or control to a non promoter where required, the Authority shall reject the plan, terminate the pre pack process, order liquidation and include pre pack costs as liquidation costs.

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