Adjudicating Authority Must Accept CoC-Approved Resolution Plan with 66% Vote; Binding on Debtor and Stakeholders.

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Full Text of the Document

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....The approval of a Resolution Plan by the CoC is to be accepted in toto by the Adjudicating authority if a 66% voting share approves the said plan - The Resolution Plan is binding on the Corporate Debtor and other stakeholders involved - Revival of the Debtor company ordered.....