https://www.taxtmi.com/caselaws?id=300455 A revised resolution plan may be approved under the Insolvency and Bankruptcy Code, 2016 when it receives Committee of Creditors approval and is certified by the Resolution Professional as compliant with section 30(2) and the CIRP Regulations, 2016. The plan must provide for insolvency resolution process costs, treatment of financial and operational creditors, statutory dues and contingent liabilities, timely implementation, and compliance with section 29A eligibility conditions. On that basis, the plan becomes binding on the corporate debtor and stakeholders, and the resolution process moves to implementation in accordance with the Code. en-us Mon, 18 Jan 2021 00:00:00 +0530 Thu, 03 Feb 2022 07:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300455 A revised resolution plan may be approved under the Insolvency and Bankruptcy Code, 2016 when it receives Committee of Creditors approval and is certified by the Resolution Professional as compliant with section 30(2) and the CIRP Regulations, 2016. The plan must provide for insolvency resolution process costs, treatment of financial and operational creditors, statutory dues and contingent liabilities, timely implementation, and compliance with section 29A eligibility conditions. On that basis, the plan becomes binding on the corporate debtor and stakeholders, and the resolution process moves to implementation in accordance with the Code. Case-Laws Insolvency and Bankruptcy Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300455