Resolution plan

Resolution Plan

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.