Learn about the process of approval and filing an application for the approval of a resolution plan, its key statutory and regulatory requirements, necessary documents, and drafting essentials. Ideal for insolvency professionals and lawyers, this guide endeavours to simplify a crucial step in the corporate insolvency resolution process.
Table of Contents
Introduction
In my previous article on “how to draft a resolution plan under Insolvency and Bankruptcy Code, 2016”, we learnt the nuances of drafting a resolution plan. In this article, we shall learn the process of inviting a resolution plan from the resolution applicant and approval from the CoC and NCLT.
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