Approval of resolution plan

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..... olution plan. (2) Where no resolution plan is received under regulation 46, which complies with the requirements of the Code and these Regulations, the base resolution plan may be considered by the committee for approval. (3) In cases not covered under sub-regulations (1) and (2), the resolution professional shall disclose the scores of the resolution plan selected under regulation 46 and th .....

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..... and the process of improvement shall continue till either of the submitters fails to use the option within the time specified in the invitation for resolution plans. (5) The process under sub-regulations (3) and (4) shall be completed within a time-window of forty-eight hours. (6) The resolution plan having higher score on completion of process of improvement under sub-regulation (4) shall .....

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