https://www.taxtmi.com/acts?id=53992 Section 30 is amended to require a resolution plan to provide for payment to dissenting financial creditors at not less than the lower of liquidation entitlement or the amount payable under section 53 priority distribution, and to ensure such distribution is fair and equitable. The amendment does not apply where resolution plan approval, liquidation order, or approval to initiate liquidation had already occurred before commencement of the amending Act. The plan must also provide for implementation and supervision through a committee, and the committee of creditors must record reasons when approving a resolution plan. en-us Tue, 07 Apr 2026 13:03:11 +0530 Tue, 07 Apr 2026 13:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53992 Section 30 is amended to require a resolution plan to provide for payment to dissenting financial creditors at not less than the lower of liquidation entitlement or the amount payable under section 53 priority distribution, and to ensure such distribution is fair and equitable. The amendment does not apply where resolution plan approval, liquidation order, or approval to initiate liquidation had already occurred before commencement of the amending Act. The plan must also provide for implementation and supervision through a committee, and the committee of creditors must record reasons when approving a resolution plan. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 13:03:11 +0530 https://www.taxtmi.com/acts?id=53992