TMI BlogApproval of resolution planX X X X Extracts X X X X X X X X Extracts X X X X ..... ase may be, subject to the conditions provided therein, meets the requirements as referred to in sub-section (2) of section 30, it shall, within thirty days of the receipt of such resolution plan, by order approve the resolution plan: Provided that the Adjudicating Authority shall, before passing an order for approval of a resolution plan under this sub-section, satisfy itself that the resoluti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection (4) or sub-section (12), as the case may be, of section 54K, does not result in the change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor, the Adjudicating Authority shall pass an order - (a) rejecting such resolution plan; (b) terminating the pre-packaged insolvency resolution process and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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