Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 115] [Entire Act]

Union of India - Subsection

Section 115(1) in Insolvency And Bankruptcy Code, 2016

(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 creditors mentioned in the repayment plan and the debtor.