https://www.taxtmi.com/acts?id=31085 The resolution professional must submit the repayment plan with a report to the Adjudicating Authority within twenty-one days of the last date for submission of claims. The report must confirm compliance with applicable law, the plan's reasonable prospect of approval and implementation, and whether a creditors' meeting is necessary, with reasons if no meeting is recommended. If no repayment plan is submitted, the process is to be terminated, and bankruptcy application rights arise. For a personal guarantor, the creditors' meeting must be summoned by written notice. en-us Tue, 02 Jan 2018 15:41:15 +0530 Tue, 26 May 2026 12:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31085 The resolution professional must submit the repayment plan with a report to the Adjudicating Authority within twenty-one days of the last date for submission of claims. The report must confirm compliance with applicable law, the plan's reasonable prospect of approval and implementation, and whether a creditors' meeting is necessary, with reasons if no meeting is recommended. If no repayment plan is submitted, the process is to be terminated, and bankruptcy application rights arise. For a personal guarantor, the creditors' meeting must be summoned by written notice. Act-Rules IBC Tue, 02 Jan 2018 15:41:15 +0530 https://www.taxtmi.com/acts?id=31085