https://www.taxtmi.com/acts?id=31009 Approval of a resolution plan requires the Adjudicating Authority to be satisfied that the committee of creditors-approved plan meets statutory requirements and provides for effective implementation. Once approved, the plan binds the corporate debtor, its employees, members, creditors, guarantors, and other stakeholders, including governmental authorities. The Authority may reject a non-conforming plan, must act within thirty days, and after approval the moratorium ceases, related records are forwarded to the Board, and pre-approval claims are extinguished subject to specified exceptions. en-us Tue, 02 Jan 2018 14:11:02 +0530 Tue, 26 May 2026 11:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31009 Approval of a resolution plan requires the Adjudicating Authority to be satisfied that the committee of creditors-approved plan meets statutory requirements and provides for effective implementation. Once approved, the plan binds the corporate debtor, its employees, members, creditors, guarantors, and other stakeholders, including governmental authorities. The Authority may reject a non-conforming plan, must act within thirty days, and after approval the moratorium ceases, related records are forwarded to the Board, and pre-approval claims are extinguished subject to specified exceptions. Act-Rules IBC Tue, 02 Jan 2018 14:11:02 +0530 https://www.taxtmi.com/acts?id=31009