Forming a Resolution Plan
As per section 5(26) of the IBC, “Resolution Plan” means a plan proposed by any person for insolvency resolution of the Corporate Debtor as a going concern. A Resolution Plan is prepared on the basis of the information Memorandum given by the Resolution Professionals.
A Resolution Plan shall identify particular sources of funds that will be used to cover the following:
- The Insolvency Resolution Process costs.
- The Liquidation Value which is due to the Operational Creditors.
- The Liquidation Value outstanding to dissenting Financial Creditors.
Our team of Experts will help the Resolution applicant to prepare an appropriate Resolution Plan for the business entity.