You are known in the corporate arena as a renowned personality for your interactive deliberations in all gamuts of the Insolvency and Bankruptcy Code, 2106 and mandate best advisory/reporting practices to a variety of la

You are known in the corporate arena as a renowned personality for your interactive deliberations in all gamuts of the Insolvency and Bankruptcy Code, 2106 and mandate best advisory/reporting practices to a variety of large, reputed, listed and unlisted companies including multi-national companies in the Country. Your institution deserves credit for making this possible. Last week you were invited for a deliberation and brainstorming session on IBC, 2016 at an event organized under the auspicious of ICSI, Kolkata. The participants were mainly from corporates, bank officials, students of reputed educational institutions and practising finance and legal professionals. At the time of brainstorming session, you raised the following queries and the views expressed by the participants are as under: Which one is a prerequisite for preparation of a resolution plan? (a) Receipt of resolution plan(s) from financial creditors of the corporate debtor. (b) Valuation of liquidation estate by at least three registered valuers. (c) Formation of Committee of Creditors. (d) Vetting of default from at least one information utility.