Approval of resolution plan.
X X X X Extracts X X X X
X X X X Extracts X X X X
....ssional within the time given in the invitation made under clause (h) of sub-section (2) of section 25.] ^2[(2) The resolution professional shall submit to the committee all resolution plans which comply with the requirements of the Code and regulations made thereunder along with the details of following transactions, if any, observed, found or determined by him:- (a) preferential tran....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... maximum period permitted under section 56 for the completion of the fast track corporate insolvency resolution process, with the certification that- (a) the contents of the resolution plan meet all the requirements of the Code and the Regulations; and (b) the resolution plan has been approved by the committee: Provided that the timeline specified in this sub-regulation ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ofessional or the resolution professional, as the case may be, for any actions of the corporate debtor, prior to the fast track commencement date. (8) A person in charge of the management or control of the business and operations of the corporate debtor after a resolution plan is approved by the Adjudicating Authority, may make an application to the Adjudicating Authority for an order seeking t....
TaxTMI