LEGAL WORD
Resolution plan
Legal term · Insolvency law
Resolution plan
- Type: Legal term
- Area of law: Insolvency law
1 What it means
A proposal to revive a company under the IBC, approved by creditors and the NCLT.
2 Use it in a sentence
The resolution plan was approved by the Committee of Creditors.
3 Make it stick
Write your own sentence using Resolution plan about a case or topic you are studying this week, then check it against the meaning above.
4 Related words
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