A Complete Guide on Resolution Plan

This 2025 edition of A Complete Guide on Resolution Plan under Insolvency & Bankruptcy Code, 2016 by Adv. Santosh Kumar provides a comprehensive, practical, and legally precise resource for understanding, drafting, and implementing resolution plans under the IBC framework.

The book examines in detail the statutory provisions, case laws, and procedural requirements relating to resolution plans, ensuring that insolvency professionals, corporate debtors, creditors, and legal advisors have a ready reference for compliance and strategic decision-making.

The content covers:

• Legal framework for resolution plans under the Insolvency & Bankruptcy Code, 2016

• Step-by-step process from initiation to approval by the Adjudicating Authority

• Roles and responsibilities of the Resolution Professional (RP) and Committee of Creditors (CoC)

• Criteria for eligibility, evaluation, and feasibility of resolution plans

• Judicial precedents from NCLT, NCLAT, Supreme Court, and High Courts shaping resolution plan jurisprudence

• Treatment of different categories of creditors — financial, operational, and other stakeholders

• Provisions on priority of claims, distribution waterfalls, and compliance with Section 30 of the IBC

• Treatment of government dues, statutory liabilities, and pending litigations in a resolution plan

• Regulatory guidelines issued by the Insolvency and Bankruptcy Board of India (IBBI)

• Common pitfalls, rejection grounds, and practical drafting tips

• Comparative insights from global insolvency and restructuring practices

This edition is particularly suitable for:

• Insolvency professionals and RP/IRP candidates

• Members of the Committee of Creditors (CoC)

• Lawyers and legal consultants in insolvency practice

• Chartered accountants and company secretaries engaged in resolution plan preparation

• Corporate debtors, promoters, and stakeholders involved in restructuring

• Academicians and students specializing in insolvency law and corporate restructuring

Whether used for professional execution, legal interpretation, or academic study, this book serves as an authoritative guide to resolution plans under the IBC in India.