https://www.taxtmi.com/acts?id=54082 Section 30 is amended to require committee of creditors approval of a resolution plan by not less than seventy-five per cent of financial creditors' voting share, after considering feasibility, viability and other Board-specified requirements. The amendment bars approval of certain earlier resolution plans where the applicant is ineligible under section 29A, allows a fresh plan to be invited where none is available, and permits up to thirty days to cure clause (c) ineligibility by paying overdue amounts. This does not extend the corporate insolvency resolution process period under section 12(3). en-us Fri, 10 Apr 2026 11:58:42 +0530 Fri, 10 Apr 2026 11:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54082 Section 30 is amended to require committee of creditors approval of a resolution plan by not less than seventy-five per cent of financial creditors' voting share, after considering feasibility, viability and other Board-specified requirements. The amendment bars approval of certain earlier resolution plans where the applicant is ineligible under section 29A, allows a fresh plan to be invited where none is available, and permits up to thirty days to cure clause (c) ineligibility by paying overdue amounts. This does not extend the corporate insolvency resolution process period under section 12(3). Act-Rules F. Acts / Amendment Acts Fri, 10 Apr 2026 11:58:42 +0530 https://www.taxtmi.com/acts?id=54082