https://www.taxtmi.com/manuals?id=3090 Approval under Section 31 binds the resolution plan on the corporate debtor, its employees, members, creditors (including government authorities), guarantors and other stakeholders if the Adjudicating Authority is satisfied the CoC approved plan meets statutory requirements and provides for effective implementation. AA review is limited to statutory compliance and implementability; it cannot reassess the CoC's commercial wisdom. On approval, the moratorium ceases, CIRP records and the plan are forwarded to the regulator, relevant filings must be made on dissolution, necessary statutory and competition approvals must be obtained within the prescribed period, and claims not included in the approved plan stand extinguished. en-us Fri, 11 Aug 2023 18:50:00 +0530 Fri, 08 Dec 2023 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3090 Approval under Section 31 binds the resolution plan on the corporate debtor, its employees, members, creditors (including government authorities), guarantors and other stakeholders if the Adjudicating Authority is satisfied the CoC approved plan meets statutory requirements and provides for effective implementation. AA review is limited to statutory compliance and implementability; it cannot reassess the CoC's commercial wisdom. On approval, the moratorium ceases, CIRP records and the plan are forwarded to the regulator, relevant filings must be made on dissolution, necessary statutory and competition approvals must be obtained within the prescribed period, and claims not included in the approved plan stand extinguished. Manuals IBC Fri, 11 Aug 2023 18:50:00 +0530 https://www.taxtmi.com/manuals?id=3090