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Mandatory contents of the resolution plan.

Regulation 38 - Regulation - RESOLUTION PLAN - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 - Regulation 38 - 38. (1) A resolution plan shall identify specific sources of funds that .....

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d 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) liquidation value due to dissenting fina .....

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f all stakeholders, including financial creditors and operational creditors, of the corporate debtor.] (2) A resolution plan shall provide: (a) the term of the plan and its implementation schedule; (b) the management and control of the business of th .....

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ive implementation; (d) it has provisions for approvals required and the timeline for the same; and (e) the resolution applicant has the capability to implement the resolution plan.] ******************** Notes:- 1. Inserted vide Notification No. IBBI .....

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ts will be paid" 4. Substituted vide Notification No. IBBI/2018-19/GN/REG031 dated 03-07-2018 before it was read as "1[(3) A resolution plan shall contain details of the resolution applicant and other connected persons to enable .....

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e the following in respect of the resolution applicant and other connected person, namely:- (a) identity; (b) conviction for any offence , if any, during the preceding five years; (c) criminal proceedings pending, if any; (d) disqualification, if any .....

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