"16 July 2019" Archive - Page 4

All about resolution plan under Insolvency and Bankruptcy Code, 2016

Resolution Plan A resolution plan is a proposal that aims to provide a resolution to the problem of the corporate debtor’s insolvency and its consequent inability to pay off debts. It needs to be approved by the committee of creditors (“COC”), and comply with mandatory requirements prescribed in IBC. Section 5(26) of IBC, 2016 -“R...

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Posted Under: Corporate Law |

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