https://www.taxtmi.com/article/detailed?id=11914 A resolution plan must comply with statutory requirements and, once approved by the Committee of Creditors, the Adjudicating Authority may only approve or reject it; where clauses in a plan conflict with applicable law, the Authority may reject the plan, but if the resolution applicant undertakes to amend non compliant clauses, the appellate tribunal may permit an addendum to be placed before the Committee of Creditors and remit the plan for reconsideration rather than allow the Authority to modify the plan itself. en-us Thu, 05 Oct 2023 12:49:35 +0530 Thu, 05 Oct 2023 12:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11914 A resolution plan must comply with statutory requirements and, once approved by the Committee of Creditors, the Adjudicating Authority may only approve or reject it; where clauses in a plan conflict with applicable law, the Authority may reject the plan, but if the resolution applicant undertakes to amend non compliant clauses, the appellate tribunal may permit an addendum to be placed before the Committee of Creditors and remit the plan for reconsideration rather than allow the Authority to modify the plan itself. Articles Corporate Laws / IBC / SEBI Thu, 05 Oct 2023 12:49:35 +0530 https://www.taxtmi.com/article/detailed?id=11914