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Amendment of section 30.

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Full Text of the Document

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....creditors", and ending with "liquidation of the corporate debtor" shall be omitted; (ii) after clause (b), the following clause shall be inserted, namely:-- "(ba) provides for the payment of debts of the financial creditors, who do not vote in favour of the resolution plan, in such manner as may be specified, which shall not be less than the lower of the amount-- (i) to ....

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Full Text of the Document

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....any of the following acts have first occurred,- (i) the committee of creditors has approved a resolution plan under sub-section (4); (ii) the Adjudicating Authority has passed a liquidation order under sub-section (1) of section 33; or (iii) the committee of creditors has approved intimation to the Adjudicating Authority to initiate the liquidation under sub-section (2) ....