Creditor-initiated insolvency resolution process completion period, one extension allowed, and failure to approve a plan triggers section 58H. The creditor-initiated insolvency resolution process must be completed within one hundred and fifty days from the commencement date, subject to a single extension of not more than forty-five days on application by the resolution professional with committee of creditors approval by at least sixty-six per cent voting share. If no resolution plan is approved within the original or extended period, the Adjudicating Authority must pass an order under section 58H(1).