Mandatory contents of the resolution plan.

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..... ) fast track process costs and provide that the fast track process costs will be paid in priority to any other creditor; (b) liquidation value due to operational creditors and provide for such payment in priority to any financial creditor which shall in any event be made before the expiry of thirty days after the approval of a resolution plan by the Adjudicating Authority; and (c) liquidatio .....

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..... ty of such applicant and other connected persons to take a prudent decision while considering the resolution plan for its approval. Explanation : For the purposes of this sub-regulation,- (i) details shall include the following in respect of the resolution applicant and other connected persons, namely:- (a) identity; (b) conviction for any offence , if any, during the preceding f .....

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..... debtor during the implementation of the resolution plan ; (c) holding company, subsidiary company, associate company and related party of the persons referred to in items (a) and (b).] ******************** Notes:- 1. Inserted vide Notification No. IBBI/2017-18/GN/REG020. Dated 07-11-2017 2. Inserted vide Notification No. IBBI/2017-18/GN/REG017. Dated 05-10-2017 .....

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