Resolution Plan is the basic document required by the prospective Resolution Applicants, who aspire to bid for the Corporate Debtor. The Resolution Plan not only needs to be compliant with Section 30(2) of the Insolvency and Bankruptcy Code, it has also to comply to Request for Resolution Process (RFRP). Also, it is required to provide for measures for insolvency resolution of Corporate Debtor, besides having all the mandatory contents of the Resolution Plan in terms of the CIRP Regulations.
A well thought and soundly drafted Resolution Plan is, therefore, critical to take care of the nuances and ensure that it is found to be eligible for consideration by the Committee of Creditors. A dedicated team of experienced and qualified professionals of RBSA helps the prospective bidders in preparation of resolution plans. This includes providing technical inputs, guidance on commercial consideration besides legal and tax advisory so that the Resolution Plan has all the requisite information and meets the tests of feasibility and viability.
RBSA also provides technical assistance and inputs and vets the resolution plans for the prospective bidders so that these are in compliance with the requirements of IBC, CIRP Regulations, RFRP, other laws of the land and pass the muster to be in consideration zone.