General Knowledge · Corporate Law
Under the Insolvency and Bankruptcy Code (IBC), a Resolution Plan approved by the Committee of Creditors (CoC) becomes legally binding on all stakeholders after:
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- 1Confirmation by SEBI
- 2Review by the IBBI
- 3Approval by the Adjudicating Authority (NCLT)✓
- 4Approval by the Resolution Professional
Correct answer
Approval by the Adjudicating Authority (NCLT)
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