Resolution Plan

A plan proposed by a resolution applicant for insolvency resolution of the corporate debtor as a going concern, which must be approved by 66% voting share of CoC and then by NCLT to bind all stakeholders.

Resolution Plan is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Resolution Plan is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.