Approval of resolution plan and Appeal against order passed under section 54L [ Section 54L & 54M ]

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....the Adjudicating Authority is satisfied that the resolution plan as approved by the committee of creditors under sub-section (4) or sub-section (12) of section 54K, as the case may be, subject to the conditions provided therein, meets the requirements as referred to in section 30(2), * it shall within thirty days of the receipt of such resolution plan, by order approve the resolution plan. * P....

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....lan and pass an order under section 54N. [ Section 54L(3) ] * (4) Notwithstanding anything to the contrary contained in this section, where the Adjudicating Authority has passed an order under section 54J(2) and the resolution plan approved by the committee of creditors under sub-section (4) or sub-section (12), of section 54K, does not result in the change in the management or control of the co....

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.... in section 61(3) of code. * As per section 61(3) of code an appeal against an order approving a resolution plan under section 31 may be filed on the following grounds, namely:- * (i) the approved resolution plan is in contravention of the provisions of any law for the time being in force; * (ii) there has been material irregularity in exercise of the powers by the resolution professional du....