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of <h1>Regulation 42 sets criteria for evaluating resolution plans in pre-packaged insolvency, ensuring structured assessment and improvement.</h1> Regulation 42 of the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 outlines the criteria for evaluating resolution plans. The 'basis for evaluation' involves parameters approved by a committee to score plans, illustrated through formulas. A resolution plan is 'significantly better' if its score surpasses another by a specified number or percentage. The 'tick size' is the minimum required improvement over another plan's score. These criteria ensure a structured approach to assessing and improving resolution plans during the insolvency process.
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