Chapter III — Insolvency Resolution Process

Section 115 — Effect of order of Adjudicating Authority on repayment plan

Insolvency and Bankruptcy Code, 2016 · Preview

(1) Where the Adjudicating Authority has approved the repayment plan under section 114, such repayment plan shall— (a) take effect as if proposed by the debtor in the meeting; and (b) be binding on…