Resolution Plan – Meaning, Content, Drafting And Submission
October 19, 2022 ⚊ 1 Min read ⚊ Views 88 ⚊ TECHNOLOGY
Section 5(26) of the IBC, 2016 – “Resolution plan” means a plan provided by the resolution applicant for the corporate debtor’s bankruptcy resolution as a going concern in line with Chapter II of Part II of the Insolvency and Bankruptcy Code. A resolution applicant, in simple terms, is “anyone who submits a resolution proposal to the resolution professional.”
Tags: bankruptcy, resolution applicant, resolution plan
