All creditors (including Central and State Government or local authorities are bound by a resolution plan once approved under Section 31(1).

CS Professional · Insolvency and Bankruptcy - Law and Practice · PYQS · June 2026
All creditors (including Central and State Government or local authorities are bound by a resolution plan once approved under Section 31(1).

Answer & Explanation:

Victory Iron Works Ltd. vs. Jitendra Lohia & Anr.

Topics: Insolvency and Bankruptcy Code, 2016

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