https://www.taxtmi.com/acts?id=39835 Approval of a resolution plan in a pre-packaged insolvency resolution process requires the Adjudicating Authority to approve the plan within thirty days if it meets the requirements of section 30(2) and contains provisions for effective implementation. If the plan does not conform to the required conditions, the Adjudicating Authority may reject it within thirty days and pass the consequential order under section 54N. Where the plan does not result in a change in management or control to a new person, the plan must be rejected, the process terminated, and liquidation ordered. en-us Wed, 07 Apr 2021 11:28:27 +0530 Tue, 26 May 2026 11:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39835 Approval of a resolution plan in a pre-packaged insolvency resolution process requires the Adjudicating Authority to approve the plan within thirty days if it meets the requirements of section 30(2) and contains provisions for effective implementation. If the plan does not conform to the required conditions, the Adjudicating Authority may reject it within thirty days and pass the consequential order under section 54N. Where the plan does not result in a change in management or control to a new person, the plan must be rejected, the process terminated, and liquidation ordered. Act-Rules IBC Wed, 07 Apr 2021 11:28:27 +0530 https://www.taxtmi.com/acts?id=39835